Biggest problem I see with the current system is that it’s only a deterrent if the fines are large enough. If they are too small they have the opposite effect and actually encourage criminal behavior because the reward will be worth the risk statistically.

On the other hand, defaulting to go after corporate leadership directly does create an opportunity for shareholders to mostly get away with things they supported behind the scenes.

Very complicated issue overall and I haven’t really decided anything on it yet other than “we can probably do better”.