The principal-agent problem is literally the most counter-intuitive problem to have. I suspect, ironically, it would be best to overpay leaders and combine that with term limits. If you're set for life after working for a group for 5-10 years, you have little reason not to do your job well.
Every time i see US house members sleeping in their offices because they get paid so little for so much power, i shake my head at the utter obvious expectedness of the causal corruption that happens in Washington.
Interestingly, the intermingling of organized crime and organized labor was a pretty symbiotic relationship. Crime Syndicates need an above-the-board way of targeting people and companies that step out of line, which the unions provided by stopping work. The unions need an under-the-table way of dealing with scabs, strikebreakers, and uncooperative management, which the mob provided with violence.
Unions seeking out parallel power structures separate from the dominant government is a direct consequence of the government actively siding against labor at every turn.
Every time i see US house members sleeping in their offices because they get paid so little for so much power, i shake my head at the utter obvious expectedness of the causal corruption that happens in Washington.