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SAIC Not Secretive Enough With Shareholder Data, As It Gets Stolen

from the so-much-for-that-plan... dept

SAIC, the enormously secretive company that builds computer systems for the government (even the ones that don’t actually work) is now telling shareholders that some computers with their personal info on it has been stolen, including how many SAIC shares they’ve bought and sold over the past few years. Of course, being a shareholder in SAIC isn’t like being a shareholder in most companies. Only employees are allowed to be shareholders, and they’re allowed to make trades once every few months at a set price (determined by an outside auditor). When people leave the company, they’re forced to sell back their shares. Of course, with all the secrecy surrounding the company, it’s a bit surprising that they went public with this, even if data privacy laws might require it.

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