Comcast Voted Worst Company in America for 2014
April 8, 2014 4:07 PM
comment(s) - last by
This is its second time with the title
Comcast may be the big dog on the cable block, but bigger doesn't always mean better.
, Comcast was crowned the worst company in America for 2014. It held the same title only four years ago as well.
Comcast was a finalist alongside Monsanto for the 2014 WCIA, but in the end, Comcast received 51.5 percent of votes while Monsanto fell to a close second with 48.5 percent.
Comcast went up against other contestants like Yahoo, Facebook, Verizon and Sea World before facing off in the final round with Monsanto.
Comcast confirmed its
acquisition of Time Warner Cable
for $45.2 billion USD in mid-February. It's set to be an all-stock transaction.
The deal, which should be completed by the end of 2014 (after approval by stockholders and regulators, of course), will give TWC investors 2.875 Comcast stock for each of their shares. TWC shares are valued at $158.82 a piece.
It was revealed last month that Comcast used its political action committee to pay millions of dollars in lobbying, which paid many lawmakers responsible for overseeing the acquisition. The company even made donations to charities in an effort to put itself in a favorable light.
Comcast reportedly gave 15 of the 18 members of the Senate Judiciary Committee as well as 32 of the 39 members of the House Judiciary Committee some type of compensation or donation.
The acquisition has been met with strong criticism. Some worry that the merger will result in reduced competition, poor customer service, less innovation and higher prices for customers. These worries stem from analyst predictions that Comcast and TWC's combined company would control about one-third of the U.S. broadband market.
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Employee of the Comcast
4/8/2014 9:57:38 PM
There are some bad apples in this company, no doubt. Believe me when I say that there is a greater good in this company. Personally, they've treated me better than any other company and strive to do so for our customers. I love working for this company and have helped countless people restore their faith. If you're receiving bad customer service, from the bottom of my heart I apologize. I go to work every day and strive to be the best employee I can. Turn over rate in a call center is awful, because you deal with negativity from callers all the time. (Rightfully so from people that are frustrated!) Just know that we strive to give you the best experience possible. We monitor our calls as much as possible to root out the bad employees (just like any company). Thank you for your service Comcast customers. We will fix this sooner or later.
A Comcast employee
"It seems as though my state-funded math degree has failed me. Let the lashings commence." -- DailyTech Editor-in-Chief Kristopher Kubicki
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