The biggest issue with many of these political appointees are range from conflict of interest (worse case) to the appearance of a biased perspective (best case). After all, democratic governments are there to represent the interests of the people. While the people who operate, invest, and work within an industry certainly do qualify as people the businesses themselves are not. So when regulation is deemed necessary (and it has certainly been deemed necessary in the past with telecommunications), they need to consider the needs of everyone. This is complex and definitely needs an outsider since the health of a business for investors does not necessarily reflect the health of a business for the people who work in an industry. In turn, the health of a business for people who work in an industry does not necessarily reflect the health of an industry for consumers (which, in this case, is going to be the bulk of Americans).