Not the proper role of government to decide “who” makes “what”.
of course not!
Quite right, but there is a problem with the way managers, especially top managers, are compensated: it is no longer under the control of those they work for, to wit the shareholders, and often has little correlation with delivering value to the shareholders (if you doubt that, just remember the meaning of the phrase "golden parachute").
Compensation for managers is decided by other professional managers, who act in the guild interest of managers, against the interests of shareholders, consumers, and non-managerial employees. This phenomenon is not limited to commercial enterprises -- the same corruption is found in academe, other non-profits and government -- in all cases those with fiduciary responsibilities have come to regard their positions as existing for their own enrichment, rather than the benefit of those for whose good or goods they are in theory paid to oversee. I have dubbed the phenomenon the Era of the Bad Stewards, though I suspect it has been seen in previous Kondratieff Winters.
At this point it should be the role of government to re-empower shareholders so that the owners of businesses have more say in the running of the business and deciding who makes what in terms of compensation, rather than it being entirely in the hands of the professional managerial class.