Presidents in governments are called to be leaders, which means advocating a vision of change from the status quo. Otherwise, they are merely administrators. So it would be counter-productive for a U.S. president to fill his administration with people financially invested in the status quo. Yet President Obama did just that, in spite of the fact that his rhetoric envisioned radical change in health insurance and still regulations on Wall Street to prevent another financial crisis. In short, he not only let the regulatees in the room, but also gave them important roles with power that would affect their respective industries.
The full essay is at "Corporate Appointees in the West Wing: A Counter-Productive Way of Holding Business Accountable."
The full essay is at "Corporate Appointees in the West Wing: A Counter-Productive Way of Holding Business Accountable."