Tag

company

Lifelock CEO Becomes Victim Of Identity Theft Himself!

By business, FAIL, news, opinion

How’s this for ironic? The CEO of Lifelock, Todd Davis, has finally been hacked himself! He’s the guy that advertises his real social security number on billbords, trucks, television, and radio.

And while this may be to prove the point that he has total faith in his company, which protects you from any identity theft attempts and backs up the protection with a $1 million liability guarantee should anyone succeed in using your good name.

In my opinion, it’s just stupid to openly advertise your social security number, even if you do have this service. It serves him right. Here’s an online article about the whole thing. His picture should go on the FAIL Blog!

Why did Todd Davis, CEO of Lifelock, need to contract with an outside firm when his own identity was stolen last summer? Because true resolution does not come easy…. and is not a marketing gimick. Who did Mr. Davis choose to handle his personal financial recovery when his fraud alert system failed? An Identity Theft America partner, National ID Recovery.

According to an article that appeared in the Dallas Morning News on July 23, 2007, Mr. Davis became a victim when a man obtained a $500 payday loan in his name. This, despite the fact Mr. Davis was using the well-advertised Lifelock services.

According to the article, Teletrack, a subprime credit bureau that was used by the payday loan lender, doesn’t receive fraud alerts from the three national credit bureaus – Experian, TransUnion and Equifax. In the article, Mr. Davis admitted that “Fraud alerts aren’t always going to be bulletproof. There are areas where someone can still compromise your information.” This despite the fact that Mr. Davis advertises his social security number in the media to convince consumers that his system can prevent identity theft.

You can’t afford to be left with no where to turn and empty promises with fine print. Make the same choice that identity theft industry executives use when the chips are down. Identity Theft America assures quality, professional services to help with identity theft. Regardless of the advertising, there is no prevention for identity theft, so be prepared if it happens to you.

Circuit City + Blockbuster = Circuitbuster?

By business, news, opinion

News has just surfaced in the past couple of days that struggling movie rental company Blockbuster has offered a billion dollars to buy out similarly struggling electronics retailer Circuit City, based here in Richmond.

Blockbuster executives claim it would uniquely position Circuit City, the number two electronics retailer in the United States, to have a more competitive retail concept. How? By pairing electronics and end-user content together, similar to the way the Apple Store does.

But on a personal note, I don’t know how Blockbuster can afford such a deal, seeing how much of a hit they’ve taken in the past few years with rivals such as Netflix undermining their business (although they do have their own service, Blockbuster Online, of which I’m a customer, and it’s better than Netflix if you ask me because you have the option of instant in-store exchange).

In my opinion, bringing these two companies together seems comparable to raising a flag on not just one sinking ship, but two. I’ll be really interested to see what happens if the deal ends up going through.

“Blockbuster Stumbles On Hostile Takeover” – via Business Week

Shares of Blockbuster Inc. plunged to an all-time low Monday after it announced a $1 billion-plus hostile takeover bid for No. 2 electronics retailer Circuit City Inc., earning it a downgrade from a BMO Capital Markets analyst. Shares of the Dallas-based movie rental chain lost 32 cents, or 10.2 percent, to close at $2.81 after falling to a new low of $2.52 earlier in the day. Jeffrey Logsdon said in a note to analysts that he was “uncomfortable” with the deal and said it has the potential to divert management attention and financial resources from its own recovery.

Shares of Blockbuster have lost more than half their value since trading at an annual high of $6.67 a year ago. The company has struggled to compete with online movie operators such as Netflix Inc., and Circuit City management has questioned whether Blockbuster can finance the deal. Logsdon lowered Blockbuster to “Market Perform” from “Outperform” and cut his nine- to 15-month price target to $3 from $5. The analyst said the buyout creates a “two-front war” as the company struggles with its own financial problems. He further criticized the deal, saying it would take nine to 12 months to close and another year after before any financial benefit is realized. Furthermore, Blockbuster will likely have to use equity to pay for the deal, which will further push the stock downward, he said. “We find it difficult to imagine that fighting what amounts to a two-front war will ultimately enhance value for (Blockbuster) shareholders,” Logsdon said.

On Monday, Blockbuster announced that it would go straight to shareholders and pay between $6 and $8 per share in cash for Circuit City after saying the struggling retailer had not responded to repeated offers. The deal values Circuit City between $1.01 billion and $1.35 billion, based on its 168.4 million outstanding shares as of Dec. 31. The offer adds a 25 percent to 67 percent premium on Circuit City shares, based on their $4.79 closing price on Feb. 15, the last trading day before Blockbuster made its offer. Shares of Circuit City, based in Richmond, Va., soared $1.07, or 27.4 percent, to close at $4.97.

Blacklist Painting: FAIL

By Uncategorized

I took this picture down in the Outer Banks the other day. Would you normally want someone who had been “blacklisted” to work for you? I don’t think so. But yet some company down there named their business “Blacklist Painting.” Check it out.

 

Huge Website Announcement

By Uncategorized

I’m on the verge of launching my own business and a website that’s been a dream of mine to create for the past three and a half years. It’s finally coming together and I could actually make a living off of it if I do it right. Only those of you really close to me probably know about it. I’m going public with it very soon, maybe even in the next couple of days. I’m really excited about it! Check back in the coming week for the public debut in the next week or so.