Maybe the multi-billion dollar ones, yes. But the idea of a corporation, at its heart, is to collectively work towards a goal. Crony Capitalism just warped that goal to be about the betterment of the ultrarich. If FAANG or whoever is violating the law, that’s because of the company, not attorney-client privilege. The solution isn’t to kneecap every company by removing their rights, but to enforce the laws on the books against the anti-competitive corporations, and maybe write some new consumer protection ones.
The idea that a corporation is just a collective groups of folks is simply wrong.
Take this situation, nobody is going to poll Google employees and ask if they would prefer if Google waived attorney client privilege in this manner and act accordingly.
It's not just a group of folks making decisions, it's a structure for a small group of folks to manage the asset and labor of others with minimal oversight.
Why are individuals stripped of their rights when they congregate together towards a common purpose?