Just to play Devils advokat here: Wouldn’t that just completely discourage anyone from taking up a new CEO or similar role since you are now liable for some illegal activities that might have happened without your knowledge and long time ago.
You would at least need very good evidence beyond reasonable doubt that the person in question actively put into motion the illegal activity and knew that it was illegal.
Placing blame on a single individual might feel satisfying but does not nessesarly punish the correct responsible. When cooperations get as large as Nvidia, Intel etc. it functions in my opinion like one giant complex organism and legal issues like these are often systemic and involves hundreds of people who took decisions.
I think massive and progressive fines are in fact a good tool because it punishes the “organism” that is truly to blame and not an individual who might be to blame.