"Vesting" executive compensation

My husband had an interesting idea for combating the problem of CEOs (and their posses) looting the company while running the proverbial ship aground. The basic premise for a new "industry standard" is that the bulk of compensation--be it salary or stock options--is put into escrow. The shareholders and/or their representatives set a target average stock price that must be maintained for an given number of years before executives are allowed to touch the escrowed funds.

To this I would add that perhaps the notion of "vesting" would apply quite fittingly. The basic idea is to remove all or part of the incentive to artificially inflate a corporation's stock price or otherwise--shall we say--engage in fiscally unsustainable behavior.

Understand that this is not a call for regulation--although I'd find it impossible to feel sorry for the sad-sack suits on Wall Street--but rather a call to make vesting standard practice for the Fortune 1000 crowd.

After all, ESOP programs typically require vesting periods for "normal" employees. Why should the rules be any different for those at north end of the org. chart?