You, as a shareholder, don't like the way a company structures its dividends or employee pay? Fine, either buy enough of the company or rile up enough shareholder's to sway the board's decisions or don't invest in that company.

If the government is the majority shareholder, they ought to be able to set pay to whatever they want.

If the company didn't accept bailout funds then the government should not care what the company does unless they're breaking the law, of which we have plenty.