[B4CKlash]

To be fair, any billion-dollar multinational will have an organizational chart that looks very similar to this. Companies like EY exist, almost purely, to create 'tax effective' structures with hybrid debt instruments and service agreements.

[browningstreet]

To balance this: I work for a US-based, US-only top N financial institution that's all of <10 corporate entities.

[anomaly_]

Being US only limits your structure options. Start generating some international revenue and you’ll see how your entity/structure requirements increase.

[three_seagrass]

Same, but it's like 20+ entities.

Anyone working in the CPG space would be 50+.