Corporations are owned by stockholders. Stockholders have a responsibility to take an interest in what they own make sure it is well-managed. If they don't and the corporation fails, they get punished in a free market. If the CEO makes off with a bundle, then the stockholders are to blame for giving him the contract. If the CEO makes off with a bundle with the result that creditors don't get paid then the creditors have some responsibility for failing to consider the health of the corporation and its governing structure before lowing it money. No one gets punished? Ask an Enron stockholder or creditor. Then ask the shareholder how much time he put into voting in the shareholder elections that happen periodically. No one put a gun to that shareholder's head and forced him to buy Enron. He could have bought shares in any corporation or put the money in a CD. The creditor likewise made a choice.
But when it is the government, no one has a choice.
By the way, if a corporation does bad things and then goes out of business you can still go after the owners who made their corporation do those bad things. Oh wait, no you can't, because a corporation is a GOVERNMENT created fictional person who is assigned blamed for the things the owners do.