Yes!!! Exactly and precisely this. The actual individuals should be accountable for decisions they made that ruined other peoples lives for wrongful cause.
Too often political decisions have been predicated on the notion of cost-free bullying of lower status humans to serve as grist for the mills of polemical political opposition and discourse, to feed careers. The bullfighter needs a bull and ideally it should look scary before the predetermined outcome of slaying the scapegoat takes place.
While corporations and governments only punish the people with unilateral action of malice or ignorance, one can never truly punish an institution, one seeks individuals who are responsible in the hopes of reducing the willingness of individuals to commit such acts given the possibility of individual punishment.
Nothing says impunity like impunity.
Fining the institution does nothing to discourage career hit-and-ruin experts who keep climbing the career ladder upon the backs of others.