This is the natural conclusion to decades of corporate lobbying, revolving door political appointments with overt conflicts of interests and regulatory capture. Those with financial incentives get control or massive sway over oversight. In the short run, I'm sure it's to a corporation's advantage, other corporations follow suit because, hey CorpX is doing it. Before you know it, and often suddenly, no one trusts anything. Oversight and regulation sucks when the process feels onerous on you but they have a place in society.