I firmly believe in free market capitalism,but I also believe in accountability for companies.
Companies that commit certain types of crimes should receive the death penalty and be broken up and sold piecemeal to ethical companies. Shareholders should lose everything. Executives and managers should get hard prison time.
For example, a company Theranos should be shut down, all executives and board members sent to prison, and shareholders take a total bath on their investment.
I especially think board members should have their entire personal net worth at stake and not be able to purchase lawsuit insurance. Basically, if you are on a board of directors you should work your ass off to protect the company and hold executives accountable.