or the guys who were pimping Afghan teenage boys to warlords?
yeah, that worked well.
Classified private companies today have pretty much carte blanche in similar fashion to the CIA or FBI.
A friend of mine was unable to resolve a labor dispute with his classified employer because he could only sue them using a lawyer with clearance (and then his manager coerced him into signing a termination agreement... using a baseball bat! Again, try and sue?)
This was not a small, fly-by-night operation either but one of the largest government contractors.
So what issues do you see? Oh right: the over-arching theme of corruption. However, I addressed that in my initial post; the only way we can get to a point where government efficiency is no longer questioned is by eliminating corruption.
I think one way to reduce corruption is to decrease the government's size, but that of course leads to situations like those we presently face. There will always be corrupt politicians who award contracts to their friends in return for some sort of illegal remuneration, but I think by reducing the number of politicians/government employees with the power to make those decisions, we will lower the amount of corruption present.
Any questions of classified operations is completely irrelevant; of course you won't be able to load profiles of all spies à la tv shows like '24'.
Now let's consider the best case: these companies compete with each other for government contracts, which the people award. This type of system would compel the companies to maintain high levels of transparency, especially with the SEC and IRS now taking interest.
The reason the government is so inefficient is because they don't have any external auditing agencies. The SEC and the IRS, for example, will never put the CIA or FBI through the same rigorous audits that they would put private companies through.