Showing posts with label Business. Show all posts
Showing posts with label Business. Show all posts

Monday, October 06, 2008

Sound Financial Advice?

Michael Millar writing for the British Spectator Business has investing in these turblent times all figured out.

If you had purchased £1000 of Northern Rock shares one year ago it would now be worth £4.95, with HBOS, earlier this week your £1000 would have been worth £16.50, £1000 invested in XL Leisure would now be worth less than £5, but if you bought £1000 worth of Tennents Lager one year ago, drank it all, then took the empty cans to an aluminium re-cycling plant, you would get £214. So based on the above statistics the best current investment advice is to drink heavily and re-cycle.


Its a pity I'm not more of a beer drinker. I could put this theory to test....

Monday, April 07, 2008

An Absolut World?

This billboard and press campaign from Swedish vodka maker, Absolut, started running in Mexico last week.

Absolut Mexico

Personally I have to wonder, does Absolut really sell enough vodka in Mexico to make it worth losing a large chuck of their customers in the United States? I'm sure that there will be a lot of people in the United States who will not find this ad offensive. But they will most likely be illegal immigrants or some left wing looney tunes who love to hate this country that gives them the freedom to be so irrational.

In response to a storm of complaints to the corporate offices Absolut left this statement on their consumer inquiry phone line.

“In no way was it meant to offend or disparage, nor does it advocate an altering of borders, nor does it lend support to any anti-American sentiment, nor does it reflect immigration issues,”


Which sounds to me like they are simply saying "Don't believe your eyes, don't take our ad at face value, just ignore what we said and believe what we tell you now."

Apparently the phone message didn't get people to stop complaining. So yesterday Absolut posted this on their website:

During the weekend we have received several comments on the ad published in Mexico. We acknowledge the reactions and debate and want to apologize for the concerns this ad caused. We are truly sorry and understand that the ad has offended several persons. This was not our intention. The ad has been withdrawn as of Friday April 4th and will not be used in the future.

In no way was the ad meant to offend or disparage, or advocate an altering of borders, lend support to any anti-American sentiment, or to reflect immigration issues.

To ensure that we avoid future similar mistakes, we are adjusting our internal advertising approval process for ads that are developed in local markets.

This is a genuine and sincere apology,

By Paula Eriksson, VP Corporate Communications, V&S Absolut Spirits


Again this boils down to "Oh crap, we were really stupid because we forgot all about the internet and didn't think you ignorant Americans would ever find out what we were saying about you in Mexico in order to sell our cheap firewater."

I think that Absolut's next advertizing should be back home in Sweden and should look like this:

Absolut Norway

Well I am not a vodka drinker. But if I decide to take it up I will certainly not be drinking Absolut. However, Absolut vodka was puchased by the French company Pernod Ricard in March. I don't know if this marketing champaign was started before or after the sale of Absolut but if you are a boycotting type of person you might want to check out the list of other products that Pernod Richard owns here.

Monday, November 20, 2006

Big Corporations (from July 2006)

Like many other folks I have had my fair share of run-ins with big corporations. You know the kind of run-ins I’m talking about. You dial the 800 number and then spend the next 20 minutes pushing buttons answering questions that have nothing to do with your problem. Eventually you get the part of the process where the automated answering system will transfer you to an operator. This is the point where your call will most often be terminated when you are transferred to a dial tone.

Recently I had a much different experience dealing with a large corporation. When my mother passed away in June, I was told that she had a life insurance policy with Road Runner Gas, a company she had worked until she retired about six years ago. I was also told that she didn’t have any paperwork about this life insurance policy. We were supposed to call the company and they would have all the information in their computers.

I have to tell you that I was rather dubious about this whole situation, especially since Road Runner Gasoline had been through several name changes including Diamond Shamrock, Total Petroleum and currently Valero Energy.

Since Mom also had a couple shares of stock in Valero Oil, I had received a stock prospectus from them a year or so earlier. So I dug out this nice glossy paper annual report and looked around for a phone number to call. Inside the front cover was listed the Valero Oil corporate office address and phone number.

Preparing myself for a long exhausting and ultimately disappointing and frustrating experience I dialed the 800 number. I almost fell out of my chair when in the midst of the second ring a human female voice answered the phone with a slight Texas accent “Valero Energy Corporation, Good Afternoon, How may I direct your call?”

After a short pause, at least I hope it was short. I was so stunned to have a human answer the phone that I may have sat there dumbfounded for several seconds. Eventually I explained that my mother who had retired from Total Petroleum a few years ago had passed away and I was checking into a life insurance policy. The voice on the phone replied “I’m sorry for your loss. I’m sure our personnel department will be able to help you. Will you please hold while I transfer you?” Then there was a pause for several seconds until I realized that she was waiting for a response. So I told her I would hold.

Immediately the line transferred and started to ring. Right after the second ring the phone was answered by a different female voice, this one with a slightly heavier Texas drawl. “Personnel Department how may I help you?”

I repeated my question to this woman who responded. “I’m so sorry to hear about your mother. You and your family have all our sympathies. What was you mother’s name?”

I told her my Mom’s name and could hear her typing on a keyboard. “Almost immediately she responded “I can transfer you to the appropriate personnel manager who can take care you anything you need. Will you please hold?”

Again, there was a pause while she waited for me to agree to hold. I did. The Texas Drawl left me with a repeated expression of sympathy and transferred my call. This time the phone was answered on the first ring. Another female voice also with a Texas accent introduced herself and asked how she could help me. I repeated my question and answered several return questions such as Mom’s name, address, date of birth, etc. After a short pause this third human female informed me that she did have all of my mother’s information there and that there was an insurance policy. She verified my fahter's address and told me that she would have to mail the forms to the address of record. Since I was going to be in Cheyenne in a week that was find with me. Then she told me that the proper claim forms would be mailed out that very afternoon. Then she gave me a couple explicit directions on filling out the forms. Then expressed her sympathy with my loss and asked if there was anything else she could do for me. I replied no, thanked her for the kind thoughts and all her help and then I hung up.

Total time on the phone for this call – just over 3 minutes and I got to talk to three different polite women who all had marvelous accents.

Three days later, My dad got the single page, double sided form in the mail, a stamped return envelope, a hand written note of sympathy and a repeat of the special directions along with the personnel managers direct phone extension if we needed any other assistance.

When I got to Wyoming I filled out the form, attached the death certificate as directed, had my Dad sign and mail it and two weeks later he received the full insurance settlement from Valero Oil.

A lot of large corporations seem to have forgotten who their customers are. But there are still a few of them out there who remember and still know how to deal with real people.