Monday, February 04, 2013

Business Takeovers Piss Me Off

Can anyone think of an example where a business taking over another business ended up being positive? I'm sure there must be one, but none come to mind off the top of my head. Seems every time a business buys another one, through sale or because of bankruptcy, the customer suffers.

Rite- Aid buying out Payless Drugs was a downer. I suppose we should be glad Rite- Aid took over the old Food Mart building in Henderson Center, Eureka, but it's not anywhere near as good of a store as Payless used to be.

The latest for me is having Green Tree Services take over my mortgage account due to GMAC going through bankruptcy proceedings. Not that I haven't had problems in the past with GMAC, but at least I could make my mortgage payment online without additional charges. Checking the Green Tree web site, they charge $12.00 to make a payment online.

Unless, of course, you sign up for that damned Auto- Pay where they automatically take the money from your bank account on a certain day every month. We don't like to do that because we can't say for sure we'll have enough money to pay that bill on a given day. Thus, I like to go online to pay it when convenient.

If Green Tree doesn't send something so I can pay it by mail pretty soon I'll have to call them. Maybe I can charge it over the phone. Still, the old system with GMAC worked fine. It looks like it's gonna suck with Green Tree.

There ought to be a law!


At 11:39 AM, Anonymous Anonymous said...

goatcheese lady was aquired in arcata, and things seem to be doing quite well there...are you asking for local or international examples?

At 12:34 PM, Blogger Fred Mangels said...

Any examples at all are fine.

I got to thinking about it and the only one I could come up with was when Provident Central Credit Union took over North Coast Schools Credit Union. Provident is nice, but I recall being a little pissed at the introductory letter they sent out announcing the takeover.

The tone of it seemed rather rude. The whole letter seemed to be about what they wouldn't tolerate, such as late payments and such. You'd think they'd leave the nasty stuff to the finer print.

At 1:19 PM, Anonymous Anonymous said...

Fred, do you think you're taking a libertarian position on this issue?

At 7:33 PM, Anonymous Anonymous said...

"Henchman Of Justice" says,

Many big business takeovers do hurt the consumer AND the government could give a shit. Why does the government not care? Answer is, more tax dollars. Ya see, when fees continually go-up, it means in an indirect way that government benefits because of higher societal costs, not to mention the closer proximity to any market sector being monopolized in any given area or region when buyovers take place. This is partly why TODAY THERE EXISTS NO SUCH THING AS COMPETITION, especially when competitors only raise their prices to the same level, thereby telling the marketplace THAT prices are fixed and it is up to the consumer to spend more money to locate the better deal, a win-win for the tax collectors and profiteers. Supply and demand no longer is relative and any business or businessman or college course that teaches that supply and demand is STILL a function of the marketplace is .......

generally BLOWING SMOKE UP YOUR ASS! Sad thing is the college students believe the shit spewed to them. In fact, all the money spent on college is better spent in "smart investments" than padding the pockets of higher institutional educators who are bamboozlers at the collegiate level.

Get a diploma, maybe your A.A., and if ya want to go further, get the job and let the employer help the employee work up the ladder for a higher position later in their career. So many people 20-30 years after college are still paying on loans and is a perpetual payment plan that disallows many gollege graduates to excell in their personal wealth needs. Everyone needs wealth for a society ever-increasing in costs!- HOJ

At 8:58 PM, Anonymous Anonymous said...

Brain washed fascist democrat(insert party in power here) take over of the American constitutional safeguards is the big one. If you don't like it let the waterboarding begin.


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