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Comment Re: Dropping stderr and syslog messages... (Score 2) 572

Having a file residing in plain text vs having plain text piped to another program is a pretty significant difference. You can't seek around piped input, unless you cache it memory -- which could be resource-consuming. (And maybe your tool for reading piped input is broken because of shared library problems). Being able to read a resting file in plain text is very important in recovery situations.

Comment Re:Requirement to be forgotten (Score 1) 161

One of the best things that can be done to prevent data breaches is require that data be deleted after a certain time. I don't see a good reason why 15 million customers should have their data retained after the credit check is complete.

Credit scores reasonably include attempts to acquire more credit (which is what most phone contract really are, even if month-to-month), so it wouldn't be possible to delete data after a credit check is complete.

Note: it is possible escape the credit-check part of the equation by using pre-paid phones.

Comment Re:Fuck You, Experian (Score 2) 161

Lenders want to lend. If the credit-worthiness data does not correlate well with ability to repay, lenders cannot efficiently lend and will look for a different service. The number of participants in this space might make this a slow change, but normal market competitiveness has the opportunity to have effect.

Comment Re:Slap on the wrist (Score 1) 494

In VW's case, the number of managers and engineers who had anything to do with the emissions testing of diesel vehicles for export to the US is probably dwarfed by the number of people would could be hurt by an overreaction.

I would argue that all employees of VW benefited from one degree to another from this decision, since it improved VW's bottom line. In general, when a company's bottom line improves, it benefits the current employees (in addition to shareholders, obviously).

Comment Re:How long will the company stay up? (Score 1) 494

That is the part that needs to stop, actual specific people who profit from/make decisions to profit from such things, need to go to prison.

Shareholders do profit from such decisions. If the decision was not made, company profit margins would have been less. Shareholders, being owners, are who corporate profits flow to.

Comment Re:How long will the company stay up? (Score 1) 494

I think you misunderstood me. My suggestion was that instead of fines that could bankrupt the company and cause a destructive loss of value, transfer value from the existing shareholders via some mechanism, allowing the company to continue to operate. In effect, perform something similar to US Chapter 11 bankruptcy (like GM's/American Airlines), but trying ensuring there is a payoff to creditors.

Comment Re:How long will the company stay up? (Score 1) 494

Transferring ownership is the same what happens when a company goes into bankruptcy Chapter 7: creditors get the proceeds from the sold off components of the company, and shareholders are left dry. Even in Chapter 11 bankruptcy, owners' shares normally go to 0 and new stock is issued.

Ideally in the VW case, if the penalties are high enough that could not be worked through with the German equivalent of Chapter 11 bankruptcy, there's a way of transferring value to the creditors from the shareholders. This can be done by issuing new stock to creditors, while various mechanisms can remove effectively value from the current class of shares.

Comment Re:How long will the company stay up? (Score 1) 494

Punishing the employees and shareholders does nothing, the vast majority of them had no idea this was happening.

Shareholders hold the value of the company, and so that is where any value extraction must take place from. Additionally, shareholders are ultimately responsible, since they own VW. They appoint the board, who oversee the company.

Comment Re:How long will the company stay up? (Score 1) 494

Of course share should be transferred from owners-- you're an owner of VW, and hence responsible (albeit indirectly) for the company's actions.

Shareholders appoint board members, who oversee the company. Shareholders must the ones ultimately left holding the bag for civil violations, since they're the ones who own the value associated with the company.

Time is an illusion perpetrated by the manufacturers of space.