Thursday, December 28, 2006

Top Five Companies We’d Be Better Off Without, #2: Verizon

Author: Nick
Category: Money
Topics:

i woke up this morning and had to pay verizon a 32-cent just-because-we-can fee

In putting together this list of companies we’d be better off without, I’ve done my best to set aside personal feelings and past incidents which might unduly bias me against certain companies.

I ain’t doin’ that no mores.

I hate Verizon with a passion. If Verizon were a poor little beggar girl in the streets who came crawling up to me whimpering “Please, sir, may I have a small morsel of food to eat?” I would snap back, “Away with you, you scoundrel of a telecommunications corporation!”

Well, there isn’t anything poor about Verizon, that’s for sure. They had a 2005 net income of over seven billion dollars. Yes, billion with a “b” and 7 with that stupid little line through it. And of that $7 billion, I think no less than half of it came from me!

My personal reasons for despising Verizon have manifested themselves on Punny Money before (see Verizon Lies About Dry-Loop DSL Availability and Verizon Is One Sneaky Telecommunications Corporation!), but here are a few others that show why the world would be better with one less Verizon in it.

  • Customer disservice. Hit yourself in the head with a crowbar. Feel the pain? That’s almost what it’s like dealing with Verizon’s customer service. Heaven forbid you should ever have a malfunction that requires you to deal with Verizon’s technical support people or an overcharge that mandates a call to their billing department. Sadly, you’ll probably suffer less mental anguish if you just eat that $6,000 billing error or wait a few months and see if your dial tone returns.
  • Price of a $35/month service? About $50. Plus taxes. Oh, and more fees. Verizon has this neat way of making extra money without having to up the price of its advertised rates–adding fees. These fees have long, official-sounding names like Universal Serial Stabilization Matrix Standard Regulatory Surcharge that make it sound like Satan will conquer the world if Verizon doesn’t charge you for it. In reality, they’re just extra profit for Verizon’s pockets. And when those pockets get full, look for a new “Pocket Enlargement Surcharge” on your bill sometime around 2008.
  • Verizon is really, really bad at math. Read the story for yourself or settle for my awesome limited attention span summary: Guy likes data. Verizon sells data. Guy uses Verizon. Verizon charges .002 cents for data. Guy gets charged .002 dollars for data. Verizon says dollars = cents. Guy is out $70+. Guy rants about it on the internet and gets his money back after twelve MIT professors are called in by Verizon to perform elaborate quadratic equation analyses which demonstrate that, despite Verizon’s wishes to the contrary, dollar = 100 cents.
  • Verizon wants your internets. Along with other phone and cable companies, Verizon is waging a political, social, and economic war to take over the internet. Verizon wants to tax internet content providers to ensure their content actually reaches users. Since Verizon and other telecoms own the transmission networks upon which the internet is built, they could very well do this. “Pay us, or we shut you out” may soon be the corporate motto at Verizon.
  • Phone - Verizon = No Phone. Some people in the United States have two real options when it comes to landline telephone service: Verizon or nothing. Fortunately, more options are popping up everyday including new but lesser-known telephone companies, voice over IP, or even ditching your landline and going mobile-only. But all of those require people to do something different, and we all know how the world is about accepting something new and different–it generally takes about 100 years to fully adopt by which time it’s just as bad as the older thing.

I know what you’re thinking: I could just as easily have writen this article with “AT&T” or “Comcast” in place of “Verizon.” That may be so, but I’m not a customer of AT&T or Comcast. Should this spot belong to Verizon? Or is there another telecom the world would do much better without? (That’s your cue to click the Comment button and type stuff.)

6 Responses »

1.

Lazy Man and Money
December 28th, 2006 at 5:58 pm

Finally, I’m with you on a company. I’ve been a customer of their phone service without a problem, but I switched to Vonage to save some money. The service with both is fine, but Vonage is cheaper and I was able to take my number across the nation.

I hate their cell phone company. Besides not working in my home (I guess any carrier could be like this, but I live in very populated area), it’s policies are bad. They had the bluetooth scandal awhile back. You couldn’t get your pictures off without paying for their service because they disabled the phone.

Next there’s the price for a dataplan. Verizon offers the same high-speed as Sprint’s. Verizon’s price is $40, my Sprint one is $10 because I was granfathered in, but it’s still only $15 today. And until recently Verizon was always the last to get the new phones like Palm Treo.

So let me get this straight… I have to wait a long time to get a disabled phone that doesn’t work in my home. And I’m supposed to pay you 4x more for that privilege? Amazing.

2.

Clever Dude
December 28th, 2006 at 8:34 pm

You hit the nail on the tele-head. After dealing with the fools that they call sales people each telling me something totally different and totally wrong about the phones and services I was researching, I just caved in and bought the one that looked the coolest (for my wife). If I compare it to Cingular, the phone would look like a brick with a keypad.

As for Vonage, you know I had both Vonage and Verizon Freedom Essentials at the same time, and I gotta vote for Vonage.

3.

jim
December 29th, 2006 at 11:20 am

There’s always a reason to hate a company and Verizon isn’t any different than any other company but I’m glad they’re going to start offering services in Howard County because Comcast has a stranglehold here. Competition is good. :)

4.

Broadband
November 10th, 2007 at 8:50 pm

You do realize that Verizon and Verizon Wireless are in-fact completely different companies right?

Verizon only owns 55% of Verizon Wireless while Vodofone has a 45% share.

While I agree I’ve had nothing but problems with Verizon landline service, Verizon Wireless has been a wholly different experience. I will admit they have their flaws, but they have been the most innovative and the first in the market to do some of the following:

- Pro-rated ETFs
- Price plan changes that never affect contract
- Annual upgrade of equipment

Just wanted to point that out.

Thanks!

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Trackbacks & Pingbacks

  1. [...] Verizon, on the other hand, can continue to bite me. [...]

    Pingback by T-Mobile Reminds Me That the Customer Is NOT Always Right | Punny Money — January 30, 2007 @ 10:34 pm

  2. [...] one of the premiere I Hate Verizon Fan Club members, I get a lot of e-mail from people sharing their experiences with the Big Red V. [...]

    Pingback by Verizon Wireless Screws Up Daylight Savings Adjustments, Makes People Late—UPDATE: Call Verizon For Credit | Punny Money — November 2, 2007 @ 10:49 am

 

 

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