I imagine that prosecutors don’t pierce the corporate veil for public companies often because “DA charges 87 year old grandmother with stake in Evil Corp in her

I imagine that prosecutors don’t pierce the corporate veil for public companies often because “DA charges 87 year old grandmother with stake in Evil Corp in her pension fund with manslaughter, local union members brace for additional charges against members” doesn’t make for good headlines or good justice either. The officers and board of the company aren’t protected by the corporate veil concerning their actions. They retain some degree of protection from actions of others within the corporation provided they did not have (or did not have a reason to suspect) knowledge of those activities. But to my knowledge that’s not special to officers, it applies to any employee which is why the rank and file Enron employees didn’t get prosecuted.