Targeting Target

We so often hear that companies are efficient while governments are not, that we can forget to question the truth of that claim. Target has recently excelled in various departments: extreme business incompetence, proof that CEO benefit packages have nothing to do with performance, and yet another stunning example of gross inequality between the pay of workers and executives. The CEO, after making terrible decisions and racking up huge debts, received a package of US$60 million; all 17,600 employees who were let go received a total amongst them of $56 million. Target is far from alone in these practices; examples abound of companies losing money but giving CEOs exceedingly benefit generous packages, and of paying absurdly high quantities to top management and impossibly low salaries to their regular employees. If governments operated more like businesses, how exactly would we be better off?