I tend to agree. But I could see scenarios where "corporate jail" might be an option in extreme circumstances. I.e where the corp is too integral to the public to leave to whatever power games result from shaking up the company theough fines and sending executives to jail(which we should do far more of by the way...).

It also depends though. Which government? I would have far lower credence in trusting the US government with this compared to some European governments that came out of a healthier democracy than the US. But that also goes for the regulations necessary for your less radical approach.