3 ms·
I'm less worried about the investors than the management. I'm fairly certain that due to the hands off nature of most American's investment choices, there's lik
by salawat 4y ago
I'm less worried about the investors than the management. I'm fairly certain that due to the hands off nature of most American's investment choices, there's likely a bit of Experian in every portfolio out there. The main concern is to clearly, unambiguously demonstrate that the operation of a business that creates a data liability for the public, and failing to secure the data or ensure it's accuracy, will not be tolerated.
Any management should be barred from management roles in similar ventures/verticals. The company assets should be liquidated, except for the data. That should be wiped. Their charter and documents of incorporation should be revoked.
Whether investors end up getting paid back out of liquidation is moot. I'm fairly sure the alleged value of the company was entirely tied up in it's data, which if wiped, just leaves their in house software/operational structure, which as previoudly established, should be considered toxic in and of itself due to not being fit for operating in a manner concommitant with the task at hand.
I feel for the employees, but there is a point where even you as an employee should be calling out management for not doing their job, and telling you to do yours poorly.
My patience with corporate actors has grown increasingly short at an astonishing rate.