Don’t invest in shitty companies? Why should shareholders get benefits of owning part of a company, but not have to suffer consequences when the company does something bad?

Jail time for the people that made the decision and dissolution of the company seem fair. Investment firms that handle retirement funds would be quick start relabeling risk assessments based on this new paradigm, so I don’t think it would hurt as many innocent people as you think.

Besides, if you are profiting from the misbehavior of a company (earning wealth through owning stock) why should you be allowed to have that wealth that was earned though misbehavior?