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Logic fails me here...comparing a car to a small electronic box? Comparing a homeowner who has lost everything to a big multibillion dollar corporation? yeah tell the people in Black Forest to go eff themselves? nice...
To be clear, I would have no problem with DirectTV cutting this guy a break. My issue is with the tone of the article, and the tone of all the people complaining in the comments section. The fact is that DirectTV is not the responsible party in the deal, and people expect them to take a loss on the deal.
"There are no finger prints under water."
Cannot believe most of you are siding with directv
Nobody's "siding" with DTV. Some people can look at this in a rational and logical way without emotion taking over. Doesn't mean they're "siding" with anyone.Originally Posted by cofi
Stella - my best girl ever.
11/04/1994 - 12/23/2010
Don't wanna get shot by the police?
"Stop Resisting Arrest!"
Some people just can't go without their Jersey Shore, Teen Mom, The Kardashians, Dancing With The Stars and all the other bullshit people entertain themselves with.
Re: DirecTV Sucks!
Just a tip..goodwill on the balance sheet has Jack to do with what you're talking about
HAHA. That was my first reaction too. There is a finance definition for this......
Indeed. For the non-finance people, goodwill is essentially the amount you pay over and above what a company is worth. So, for instance, if DirecTV was worth, say, $1 billion (their assets etc), but Netflix bought them for $1.5 billion, then Netflix would show $500 million of "Goodwill." It's a way of saying that "we think you have a value more than your assets are worth, like name recognition, etc."
As to the "Clear brush" argument, I agree, but there are cases where it doesn't work. I heard this morning that the brother-in-law of some friends of ours lost their home in the Black Forest fire. Last year, I'm told, they spent $10,000 to remove 100 trees and do some fire mitigation around the house. They left with the sprinklers on the roof and deck, and despite all this they lost everything. This is all second-hand so I haven't a clue quite how much clearing DID take place, but take it for what you will.
And on the DTV charging bit, well, it IS part of what insurance is for. If they wrote it off, I doubt the insurance would just pay $400 to the guy anyway.
Edit: Oh, and goodwill write-offs aren't for cases like this. IIRC, it's for cases where the value on the books is different than the actual value of the company as dictated by stock price. For instance, if the total value of the stock was $1.25 billion, the book value was $1 billion assets + $500mil goodwill, they may decide to do a write-off of a portion of their goodwill to bring the two values more in line. However, you can't "create" goodwill if the stock value is HIGHER than book value.
Last edited by RblDiver; 06-14-2013 at 10:26.
If the insurance company pays for the DTV equipment that money doesn't belong to the homeowner. I sympathize with the guy for sure and it seems DTV could work something out with him in terms of offering a reasonable amount of time to pay. Paying DTV for TV equipment wouldn't be on the top of my list of things to do right away. But it doesn't change the fact they suffered a loss, too. You'd think DTV would be insured for this sort of loss as well.
Stella - my best girl ever.
11/04/1994 - 12/23/2010
Don't wanna get shot by the police?
"Stop Resisting Arrest!"
It sucks that people are losing their houses in these fires, but if you were too stupid to take the last couple of years worth of fires as a warning and make sure to clear underbrush and trees away from your home to make a defensible space you are partly to blame.
Read the contract before signing. That is why we bought our unit online and didnt have to sign a contract, we own our equipment. We have since gotten rid of d-tv and just watch what we want off the internet for free. You can get pretty much everything you want free off the net.
This ranks right up there with the a-holes sticking the bank with their home loans because they were pissed that their home values went down and they were upside down. Then they go out and rent a house that cost more than their mortgage was. Its your debt, pay it.
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