Electronic Arts rates as worst company for 2nd year
Readers of the Consumerist blog cite its pricing, badly produced games and nonstop shilling for unwanted products. They hate EA more than they do B of A.
Electronic Arts beat, for lack of a better word, Bank of America (BAC) for the not-so-coveted golden poo. Electronic Arts' sins: selling sequels to popular games that are poorly conceived and programmed; high prices for new games and seeking to get users of free games to buy more EA products; and bad customer support.
Electronic Arts admits mistakes. In a recent blog post, chief operating officer Peter Moore noted "server shut-downs too early, games that didn’t meet expectations, missteps on new pricing models and, most recently, severely fumbling the launch of 'SimCity.'" And, he said, "We can do better."
But Electronic Arts is one of the largest electronic game producers. So it gets hit by all sorts of complaints, Moore wrote.
Some critics called on customers to vote for the company as worst of the worst because they disagreed with the choice of the cover athlete on "Madden NFL."
Some conservatives campaigned against the company because it lets gamers create lesbian and gay characters in some of its games.
Electronic Arts shares don't appear to be much bothered by the "award." The stock was up 24 cents to $17.69 Wednesday afternoon. It's up nearly 22% on the year, although down from a March 14 closing high of $19.34.
Bank of America still struggles with the huge problems of its mortgage business and its ill-fated acquisition of Countrywide Financial. They include foreclosing on the wrong properties and faulty paperwork that prevents homeowners from getting loan adjustments.
Not to mention when a trio of contractors winterizing and securing a house that Bank of America was foreclosing on made off with a customer's Dodge Challenger. They later pleaded guilty to unauthorized use of a motor vehicle.
Consumerist is published by a subsidiary of Consumer Reports.
More on Top Stocks
Wow this is a joke, right?
Bunch of stupid vocal minorities voting for 'worst company' in US. First world problems, right? Oh no a video game is bad... wahhh.
Their stock doesn't seem to be affected which tells me the people that matter don't give a s***.
Damn. And EA sports puts out such a good NASCAR simulation too. Oh well...
A dis-satisfied customer and voter...
A video game company getting top billing as a lousy company? No surprise here. I used to work in Silicon Valley many years ago for a software developer. The long hours, the deadline crunches, the excruciating process of debugging code, and the possibility that the company will rush the product to market with bugs . . . putting tech support people in terrible situations, the bickering among department managers . . . it all makes for a lousy corporate culture.
Just because the end products of video games are fun to play with, don't fool yourself into thinking that the work going into video games development can be as much fun.
I sum up working for video game companies with this analogy:
Most people like to eat flavorable beef and chicken products? But, is the work in the meat processing plants all the enjoyable that produces the flavorable products that are in your hands for consumption?
Data mining is killing the digital industry. Companies don't just want to sell you a product anymore, they want to know what you are doing how you are doing it when you are doing it and who you are doing it with and it is just getting completely out of hand because companies like EA and Razer will force you to give up your rights to privacy to play their games. EA and other digital distribution services are allowed to cut you off from the games you PAID MONEY for because we no longer own the games but license them from these companies. Governments will continue to let them get away with infringing on our rights because corporations are the only citizens governments will listen to these days.
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
The idea of US crude being a shelter from turmoil abroad may not be as far fetched as it seems.
VIDEO ON MSN MONEY
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.