It's an industry working group to shape the direction of the Ethereum project, similar to a million working groups (ex Bluetooth) where companies are motivated

It's an industry working group to shape the direction of the Ethereum project, similar to a million working groups (ex Bluetooth) where companies are motivated to agree on and advance a technology. Nothing about being in EEA says that company will use the public chain. Most of them will probably use private chains. You presenting it as if it's possible for an open source project to recruit a long list of multinational corporations to sign on to collude on a pointless project just to make everyone involved look "cool" and get rich. If only.