> So is Verizon responsible even though nobody at Verizon had anything to do with it?
Imagine if CompuServe still existed, but they had undergone 100% employee turnover in recent years. They'd still be liable, right?
It seems to me that when Verizon bought CompuServe, they calculated that its assets minus its liabilities totaled less than the purchase price and hence it was a good deal. If we treat leakable data as a legal liability, it should send the right financial signal - eg, maybe as a company you don't want to collect much.
Imagine if CompuServe still existed, but they had undergone 100% employee turnover in recent years. They'd still be liable, right?
It seems to me that when Verizon bought CompuServe, they calculated that its assets minus its liabilities totaled less than the purchase price and hence it was a good deal. If we treat leakable data as a legal liability, it should send the right financial signal - eg, maybe as a company you don't want to collect much.