- Microsoft research projects to improve our lives
- Outlook '09
- IBM employees buzzing about layoff rumors
- AT&T builds $23M IPv6 network for U.S. military
- Is VoIP dead?
Thanksgiving is upon us and with it, once again, the Gibbs Golden Turkey Awards. These awards focus on those individuals, companies or entities that don't, won't or can't come to grips with reality, maturity, ethical behavior or social responsibility because of their blindness, self-imposed ignorance, thinly veiled political agenda, rapaciousness and greed, or blatant desire to return us to the Dark Ages.
In this fifth edition I'm going to focus on a single company for three reasons: First, it exemplifies what happens when you have a heady combination of really bad data management strategy, awful customer service and terrible internal communications; second, its behavior is typical of bad decision-making that is being driven by the current financial crisis; and, third, it has managed to really annoy me.
The company I am about to lambaste (the kind of basting the Golden Turkey Awards are designed to do) is -- envelope, please [sounds of ripping] -- American Express.
Here's where Amex went wrong: I'm still on the road delivering the keynote speech at the last of an Oracle-sponsored "Identity Management Breakthroughs" tour. A couple of weeks ago I checked into my hotel in San Francisco. I proffered my Amex card and, horror of horrors, it was declined.
I have been -- or rather was -- a customer for 23 years, only the likes of Bill Gates have better credit, and my payment history is damn near perfect. It turned out that while I drove from Pasadena to San Francisco, American Express reviewed my account and those of God only knows how many other customers, and dropped our limits.
Amex apparently has serious cash-flow problems and, like every other financial business, has its hand out for a chunk of the bailout funds. Given the circumstances, it is easy to see that it looked at my account, saw me spending a fair amount of money over a short period, and wham! No more credit.
It wasn't until the next day that I got an e-mail informing me of the decision; and a few more days beyond that, a detailed and frankly lame explanation arrived. Unfortunately, that's pretty much the response you might expect from a large corporation moving into desperation mode.
But here's the thing: Since the fateful decision, American Express has sent me no less than six credit card offers. The last one arrived on the same day as the explanation of why it lowered my credit limit, and offered me a $22,000 credit line!
Partner Content
NetScout and analyst Jim Metzler have teamed to deliver a series of IT Briefs on Network and Application Performance Management leveraging research from NetScout’s nGenius & Sniffer users.
www.netscout.com
Metzler on CIO Priorities
The top five CIO priorities based on a survey of NetScout users revealing CIOs' top priorities and what they think they should be. Also includes interviews with CIOs of large organizations.
Read the Report
Metzler on Application Delivery
How to eliminate the stovepiped or siloed nature of application delivery from both an organization and a technological perspective.
Read the Brief
Metzler on Network Troubleshooting
Overview of network troubleshooting that provides an assessment of where we are, and where we need to be relative to the complexities of today's IT challenges.
Read the Brief
Comments (11)
AMEX has a death wishBy Anonymous on December 12, 2008, 1:05 amI so enjoyed your Golden Turkey award and accompanying narrative, if only for the comfort of knowing that I was not singled out in this insluting way. I predict...
Reply | Read entire comment
Just another way to collect high fees.By Anon on November 25, 2008, 1:22 pmChase and AmEx both did the same thing to me, more than once and well before the financial meltdown. They lowered my credit limits to $100 over my current balance...
Reply | Read entire comment
AmEx No SenseBy Anonymous on November 25, 2008, 10:45 amIf nothing else, its nice to know I am not alone. They arbitrarily knocked my limit down last month, never late, having to switch to my VISA for $10K in travel each...
Reply | Read entire comment
IronicBy Anonymous on November 25, 2008, 9:49 amFor years, Amex commercials have featured stories about people with non-Amex cards suffering embarrassment when the try to pay for something and find they've gone...
Reply | Read entire comment
American Express Golden turkey awardBy Anonymous on November 25, 2008, 9:35 amWe ran into their slipshod management about 20 years ago; they have an inglorious history of screwups along the lines of what your column documented. That is why...
Reply | Read entire comment
View all comments