I honestly don't think that's enough. We already allow companies to just replace the top executives and continue to operate. Time and time again the new executives end up being just as corrupt. When a company fucks up on a scale like this, the entire company should be dismantled. Liquidate every asset the company owns, and garnish the bonuses paid to every single executive, past and present, who was involved in the crime. All that money is then used to pay a year's worth of wages to employees as severance, any environmental clean up, and restitution money to people who have been affected by the product. Anything left over goes to lobbying against companies that have caused irreparable harm to the world.

Then all of those top executives, both past and present, who were complicit in the crime should face trial and prison time. Furthermore if they are unable to pay back all the bonuses they collected. Then any future income they might generate will be garnished until they have paid off their debt.

As for the argument about a company being "too big to fail" it's bullshit. Walmart is the biggest corporate employer in the world and they employ 2.3 million people. Considering that there is currently over 3.32 billion people who are employed in the world. Walmart, the largest corporate employer in the world, employed 0.07% of the world's work force. So would a corporation like Walmart being dismantled hurt a lot of people? Yes of course it will. But their demise will also leave a hole that other companies must now work to fill. Meaning those jobs will not be lost, they are just shifted to other companies in the industry. So with a good severence package, no employee should find it impossible to find employment again.

All of this is to say that there is no justifiable reason to let a company survive after they have committed this level of crime. Government bailouts should not exist, just let the company die.