Aren't shareholders responsible for this as well? In the end, the buck stops with the owners of the company. We feel bad blaming them, because in most cases "th

Aren't shareholders responsible for this as well? In the end, the buck stops with the owners of the company. We feel bad blaming them, because in most cases "them" is "us"--various institutional investors we've delegated responsibility for handling our capital--but active investors could have defended against this kind of failure.