> You can find who is responsible legally but you’ll never grab the people who profit from the wrong culture they established that incentivize bad behaviors and punish employees that are just here to do their job.
Sure you can: if you have accounting fraud the CFO is liable, and the only question is whether it’s for deliberate fraud or negligence but in either case the buck stops at the top. The reason why such charges are uncommon is because those people tend to be politically well-connected, not because it’s impossible to come up with a regulatory solution.
That’s why we have different crimes. If your business sells unsafe food, you don’t get off unscathed if they can’t prove that you intentionally poisoned the victims. If nothing else, any officer of the company who claims to have no idea what the people under them are doing should be worried about reconciling that with their fiduciary duties – it’s possible that they could be carefully scammed, of course, but that still requires them to show that their controls met a minimum level which seems infeasible in many cases.
Sure you can: if you have accounting fraud the CFO is liable, and the only question is whether it’s for deliberate fraud or negligence but in either case the buck stops at the top. The reason why such charges are uncommon is because those people tend to be politically well-connected, not because it’s impossible to come up with a regulatory solution.