Yes, cracking down on companies pulling these sorts of stunts is a good idea. However, I think a better idea is raise capital gains taxes on foreign companies

Yes, cracking down on companies pulling these sorts of stunts is a good idea. However, I think a better idea is raise capital gains taxes on foreign companies since this "trick" only really benefits the investors. I suspect if the Board's stockholder backers finds themselves paying more for their foreign investments they might reconsider...