You first regulate the hell out of business. The free ride from the governmental teat is over. So is the favoritism. Especially the idea that a coronation is a person!
You impose very stringent regulations on how they operate, how they dispose of their waste, and their ability to promote their products (no more riding the line between stretching the truth and outright lying, for example). You stop their ability to induce laws that favor their products. Completely. NO more lobbying. You then tax them for their use of facilities in proportion with their use of said. No more major roadway damages from big trucks while the company schmoozes with the mayor to keep the DOT busy patching cosmetic cracks in the CEO's neighborhood.
THEN, once they start whining and trying to get around the 'new way of doing things'...
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