Agreed. See Shadowrun's take on how the 'corps view the 'runners. If the players had hit the Corp just to fuck with them, or because of some personal vendetta, then their C-rep should go down. If it was just part of doing Corp business, then Hypercorp B should really be pissed at Hypercorp A (and whoever was responsible for hiring the PCs, and who has the stolen data/tech/whatever now) and stop wasting its time tracking down the deniable assets that Hypercorp A hired. Of course, if the PCs are bragging about their latest 'run all over the mesh, and the Corp that hired them is confirming the accuracy of their boasts to the other Corps, then they've a little less "deniable" than usual. It probably all depends on the setup, and the job description. I could see the run having no effect on their C-rep, if Hypercorp A flat-out denies that they hired the PCs to do any such thing, nor that the PCs delivered any of the secrets/tech/whatever that they said they did. Also, depending on HOW the PCs accomplished this, I could see there being a c-rep hit. Again, in Shadowrun the expectation is that the PCs will do what they're hired to do while keeping casualties to a minimum (a professional courtesy). If the PCs not only stole the tech, but did a lot of collateral damage, then they were not very professional, and that might hit their c-rep a little. Of course, in SR, you have to worry about making unnecessary enemies if you, say, off a security guard who could have been knocked out. Well, in EP it doesn't really matter if you kill the security guard or not, because the Hypercorp most likely covers backup-insurance while he's on the job (worker's compensation) or something similar. At the very least, the guard's cortical stack should be easily retrievable (unless the PCs went out of their way to take or destroy it) - in which case, I could see the guard being pissed when he has to come back from a backup that's a few month's old.