Earlier quoted context omitted.
> You want to hurt the company and it's owners... The owners of big companies include lots of pension plans, index funds, etc. Hurting those owners, who didn't have any say in the bad decisions, is probably not what we want. Jail for executives who approve or have knowledge of illegal activities sounds good to me.
> Hurting those owners, who didn't have any say in the bad decisions Why do you think this? Executives have a fiduciary responsibility to their shareholders, so if these actions are more profitable, they are legally required to perform them. Moreover, the primary beneficiaries are the owners. Indeed, if you harm the shareholders by reducing the price of shares, you are harming them in the most fair way possible: In p…
Zero percent of this is correct, and even if they had a legal responsibility to make "as much money as possible", which they don't, that would definitely not force them to commit crimes
The "fiduciary responsibility" is NOT "to make every dollar possible", it is a "don't purposely hurt the company" rule.