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> What I’m afraid of is equifax will simply create many companies and divvy up it into equifax backend web services llc that has fewer than 150 employees. I'd
by rglullis 4y ago
> What I’m afraid of is equifax will simply create many companies and divvy up it into equifax backend web services llc that has fewer than 150 employees.
I'd argue that if the split child company ends up only working for the parent, it is easier for the governments to prosecute them. So the child company would have to get other customers and act as a real independent unit or would have to shut down altogether and the parent company would have to go back to the market to find a proper "web service" provider.
I'd also argue that there is no way that a company like Equifax would be able to exist only with 150 people. The whole national level corporation would simply be broken down into many localized offices. Their databases would no longer be shared. The damage that each unit could make would be reduced, and their customers would be much closer to the managers responsible in ensuring that their data is managed properly.
In other words, my argument is that Capitalism and market forces do work. We just need to have these systems deployed in the correct scale.