I think that reasoning is at best, shortsighted. Shareholders are responsible, albeit indirectly, for the corporation they've invested in. If shareholders have

I think that reasoning is at best, shortsighted. Shareholders are responsible, albeit indirectly, for the corporation they've invested in. If shareholders have a reasonable chance of signfiicant loss of value, then they're more likely to require the company take steps to mitigate that (i.e don't do shady stuff). As for prosecution of employees for crimes - that, too, is often rarely done, or focuses on the wrong people. Plenty of cases where it was the whistleblower, or someone who was raising red flags that gets the harsher penalty, rather than management who deliberately ignored it and has better paid lawyers to go for some light-weight bs