I thought we paid the CxOs the big bucks for being responsible for the running of those large and complicated companies, and deciding their overarching strategy

I thought we paid the CxOs the big bucks for being responsible for the running of those large and complicated companies, and deciding their overarching strategy? If they get paid a big bonus when their decisions results in huge profits, surely they should also bear the repercussions when their strategy turns out to be "let's do crime"? Make management personally responsible, and they will rapidly roll out measurements to ensure all their underlings are following the law.