Sometimes it even works the other way, a person (usually Officer) can be personally responsible for company actions, even when they didn't commit it themselves. Logic is they should've known or implemented processes in a way to prevent it in the first place. People often don't realize how much responsibility officers carry for the actions of their employees they have little control over.
Also https://en.wikipedia.org/wiki/Piercing_the_corporate_veil
Kind of stems from every CEO except this latest one has been a. Some sort of mental, and b. some sort of sociopath. We can see this with our big name CEOs of course, but even these small-time CEOs have the same problem. They're lacking something human, but that is also part of what drives them, and keeps them, CEOs, I suspect. It's a job that requires you to not have any qualms about taking a group of people on a ride and then screwing them over for your benefit.