What is the worst company in America? Some names come to mind easily, but are they truly the worst? The Consumerist, a website dedicated to arming consumers with information about products and corporate strategies, has been running it's own version of "March Madness" brackets, but instead of NCAA basketball teams, The Consumerist is using some of the best-known corporations that do business in the United states. Some of the early round contenders included Toyota - which had the largest recall in its history last year, and TimeWarner Cable, Comcast, Dish Network and DirecTV - all perennial favorites. Each round was decided by user votes along the way, and it is down the Final Four: Comcast, the nation's largest cable and internet provider, just completed its purchase of NBC. It has long been a target from customers for poor customer service. BP, known best for it's months-long oil spill in the Gulf of Mexico, won earlier match-ups against TimeWarner Cable and Toyota. Bank of America, the Charlotte, NC-based banking behemoth, was in the middle of the housing crisis that has hung over the country for the past year. It was the holder of millions of bad mortgages when the crisis hit, and was involved in the questionable documentation of thousands of foreclosures. The bank also completed a purchase of Countrywide Home Loans, which was also severely damaged in the foreclosure crisis. TicketMaster, the ticket reseller has long been criticized for its near monopoly on ticket sales to major sporting and concert events across the country. The company makes money by charging several "convenience" fees to ticket purchasers. This practice was once put into the spotlight by Pearl Jam frontman Eddie Vedder at the height of the band's popularity when he famously refused to tour until TicketMaster was out of the picture.
Wednesday, April 13, 2011
The Final Four - Worst Companies in America Division
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