When dictators publicly executed advisor 1 and then advisor 2 and then advisor 3, they would still manage to always find someone greedy/desperate enough to want to take a crack on chance #4 or #5. But it did nothing to make the advisors better, it just meant that the next guy had to be even more greedy or desperate.
It's entirely possible to run a company like Boeing in a responsible way that's still profitable. Indeed, that used to be true for Boeing itself.
Much better to defuse responsibility in the executive suite and pressure shareholders in general to ensure good governance.
Reckless, impulsive, emotionally empty people won't be deterred at all
I think it kinda does? Dictators tend to demand unethical behavior from subordinates, and they tend to demand loyalty more than results while also expecting results.
Ask anyone in Vietnam if they think the very common prison sentences for executives has led to positive material changes and they will laugh at the idea.