What to reform?

Found a critique of media reform that poses a few very good questions and would like to share it.
Bishop, Ed. (2005). Reform the Public. St. Louis Journalism
"Several years ago, Monsanto was facing billions of dollars in lawsuits and cleanup fees for PCB pollution around several of its plants in Alabama." Monsanto then broke with their chemical division and created a company called Solutia. The company eventually went bankrupt, leaving no money for cleanup, no pension fund, and no health insurance for retirees. The CEO received 25 million when the company went bankrupt and probably saved investors even more. All this was reported locally, and it was all completely legal. This is not the exception, businesses often ask for legislation to be stalled for moves such as this one. This too is also covered. The author started with this assumption:
"Give the public good information and they'll take care of the rest" Do you agree?
It is possible that the public needs more than just information to stand against this kind of thing?