On most accounts present in the literature, the complex experience of shame has the injury to self-esteem as its main component. A rival view, originally propounded by St Augustine, relates shame to the structure of human agency, and more specifically, to the conflict between will and desire. A recent version of this view developed by David Velleman relates shame to the capacity of self-presentation and the need for privacy. I examine two different interpretations of Velleman's theory and argue that neither suggests a credible alternative to the received view.