Corporations exist to move liability from the owners to the company, not as a way to escape liability, which seems to be your proposal. Your argument seems to be that so long as people pass through a company quickly enough, there's no long-term liability for the company?
The company must maintain the liabilities of its history. If a refining company dumped waste directly into the ground, then 30+ years later it should still be held responsible for clean up, even if all of the people involved have retired. Otherwise, who is responsible for the cleanup?
Or, suppose that we find that Disney had illegally acquired the copyrights and trademarks to Mickey Mouse from Person X. All of the people involved are long dead, though the inheritors of the estate of Person X were successful in their lawsuit. Under your view, it seems that the inheritors could not sue Disney because none of the people now at Disney committed the original crime. That's an absurd conclusion.
The company must maintain the liabilities of its history. If a refining company dumped waste directly into the ground, then 30+ years later it should still be held responsible for clean up, even if all of the people involved have retired. Otherwise, who is responsible for the cleanup?
Or, suppose that we find that Disney had illegally acquired the copyrights and trademarks to Mickey Mouse from Person X. All of the people involved are long dead, though the inheritors of the estate of Person X were successful in their lawsuit. Under your view, it seems that the inheritors could not sue Disney because none of the people now at Disney committed the original crime. That's an absurd conclusion.