LLC were designed precisely to avoid that responsibility.
The idea being probably that not risking your entire personal wealth just to lead company would lead to more entrepreneurship, but it clearly ended up with small businesses (without legal or clear reason to make it LLC) not doing that cos of bureucracy, and everyone above abusing that construct wherever they can.
CEOs ballooning compensation would even be understandable in conditions where their biggest fuck up could get their private stuff seized but...
CEO compensation above some annual threshold shoukd be escrowed for 10 to 20 years. That would fix most of this pump and dump stuff by the executive class.
The idea being probably that not risking your entire personal wealth just to lead company would lead to more entrepreneurship, but it clearly ended up with small businesses (without legal or clear reason to make it LLC) not doing that cos of bureucracy, and everyone above abusing that construct wherever they can.
CEOs ballooning compensation would even be understandable in conditions where their biggest fuck up could get their private stuff seized but...