Why can't the government mandate a board replacement? The board can figure out for themselves who is responsible, I would guess the finger would typically point at the CEO.
Replace the C-suite. This is done frequently in M&A's and other corporate strategies in extremis. Fire the guys at the top and replace them with people with good track records.
It’s not like Boeing is going to get a new CEO and then suddenly middle management is going to start prioritizing safety, engineering rigor, and risk management over profit.
This conversation is so weird to me, I don't get what people are arguing: is the argument that it's better to replace middle management than top level management? That we shouldn't do anything? What?