Another reason you don't have this is that if an executive knew they become personally responsible for such wrongdoing they would refuse the position. Today the

Another reason you don't have this is that if an executive knew they become personally responsible for such wrongdoing they would refuse the position. Today the bar is pretty high to punish the executive personally. And if they do take the job they would be hyper-cautious. This is not conducive to high profit. So companies via lobbyists make sure legislation is passed "as it should". The balance of power is incredibly tilted in the favor of corporations, and some governments really did their best to maintain this status-quo.