company nicknames posts
FeedPosted Aug 13th 2008 3:48PM by Zac Bissonnette (RSS feed)
Filed under: Deals, Industry, Consumer experience
This post is one in a series on prominent company nicknames. See all 25, and share your thoughts and memories about Crapplebee's below in the comments.
I first heard the nickname "Crapplebee's" from my brother, when I suggested that we go to dinner at Applebee's and he didn't think it was such a good idea.
I don't know that Applebee's is "crappy" per se; it's more that there's nothing especially unique about it. It's very similar to Chili's, T.G.I. Friday's, Ruby Tuesday's, and a whole bunch of other fast-casual chains with "apostrophe s" in their names. T.J. Palmer recently said about the restaurant that "It doesn't have anything that would make me want to come back."
What makes that a major burn is that T.J. Palmer is the founder of the company! You can read her version of the company's history at her website.
On November 29th of 2007, IHOP, now DineEquity (NYSE: DIN), announced that it had completed the acquisition of Applebee's, with CEO Julia A. Stewart commenting that "We are delighted to complete the acquisition of Applebee's as it represents an opportunity to create significant long-term value for IHOP shareholders over and above what we could have achieved on a standalone basis."
On that day the stock closed at $52.29. It closed recently at $25.49. That's a decline of more than 50% since the acquisition: Crapplebee's indeed!
Posted Aug 13th 2008 2:00PM by Douglas McIntyre (RSS feed)
Filed under: General Electric (GE), General Motors (GM), Toyota Motor Corp. (TM)
This post is one in a series on prominent company nicknames. See all 25, and share your thoughts and memories about The General below in the comments.
"The General" does not deserve its nickname any longer. Founded in 1908, General Motors (NYSE: GM) was the largest car company in the world for almost seven decades. It lost that distinction to Toyota (NYSE: TM) during the last year.
GM has 50% of the U.S. car market at one point. That is now down to 20%.
"The General" still maintains a number of the most successful brands in the world: Cadillac, Buick, Chevy, and Pontiac. Years of neglect have pushed the company into a position where it does not make competitive cars in its home market. It greatest current sales successes are in the Chinese market and Latin America.
In 1955, "The General" was the No.1 company in the Fortune 500. It held that position until 2000.
Alongside General Electric (NYSE: GE), GM is probably the most important American corporation of the last 100 years. That won't be true going forward.
Douglas A. McIntyre is an editor at 247wallst.com.
Posted Aug 13th 2008 10:10AM by Sarah Gilbert (RSS feed)
Filed under: Products and services, Consumer experience, Competitive strategy, Starbucks (SBUX), Marketing and advertising
This post is one in a series on prominent company nicknames. See all 25, and share your thoughts and memories about Four Bucks below in the comments.
As big multinational corporations go, Starbucks (NASDAQ: SBUX) had such possibility. Rooted in the heart of the Pacific Northwest, born of grunge rock and a commitment to really good coffee and a distinct sense of place, embracing the centuries-old European coffeehouse tradition with its literary name, Starbucks, Captain Ahab's first mate in Moby Dick. The company's founders were all about the beans, buying them directly from growers in Africa and Central America and roasting the beans themselves.
It was entrepreneurial upstart Howard Schultz who conceived of the strategy of making espressos, coffees, and lattes in the coffee shops and selling them for big profit margins. And in the 1980s, milk was cheap and coffee was cheaper. I like to imagine that, as the company's founders sat around a cafe table in Seattle's Pike Place Market, drinking their mellow brew and listening to Schultz's wild ideas, the others scoffed at the concept of someone paying upwards of three dollars for a latte.
Continue reading Company nicknames: Four Bucks -- and then some
Posted Aug 13th 2008 6:10AM by Jon Ogg (RSS feed)
Filed under: Goldman Sachs Group (GS)
This post is one in a series on prominent company nicknames. See all 25, and share your thoughts and memories about Golden Slacks below in the comments.
There are many corporate nicknames that are used to either make fun of, shorten, or parody certain company names. But the nickname of "Golden Slacks" for Goldman Sachs Group Inc. (NYSE: GS) is perhaps the most appropriately assigned nickname in all of corporate America.
With the exception of a few years, and with the exception of 2007/2008 woes, investment bankers and brokers and traders on Wall Street have done far better financially than most jobs on Main Street. Goldman Sachs bankers are thought of as being the highest paid on Wall Street.
There are bucket shops, small single-office brokerage firms, small regional firms, larger second-tier brokerage and investment banking firms, and the prized bulge-bracket firms. Goldman Sachs defines the bulge-bracket firm on an exponential basis, although in some ways it is almost like a club. You can't just walk into an office with a few grand to open an account. Goldman may not have official minimums, but the thought has prevailed that if you don't have at least $5 million at the firm then you shouldn't expect your broker to call you.
Continue reading Company nicknames: Goldman Sachs -- golden slacks never go out of style
Posted Aug 12th 2008 6:10PM by Gary E. Sattler (RSS feed)
Filed under: Consumer experience, Television, General Electric (GE), Marketing and advertising
This post is one in a series on prominent company nicknames. See all 25, and share your thoughts and memories about the Peacock Network below in the comments.
Perhaps more visually recognizable than any other television symbol today, NBC's colorful peacock logo and nickname encompass far more depth and history than simply having been a tool of recognition for NBC Television, subsidiary of General Electric Co. (NYSE: GE). Beyond simply identifying network programs in the age when NBC and CBS began applying the color palette to broadcast television, NBC's peacock was charged with the awesome task of informing and convincing the parents of the baby boomer generation that color television had arrived, it was good, and they wanted it. The peacock was assigned the monumental task of engaging the public. Indeed, it has performed that job to perfection.
I grew up fully addicted to television, and NBC's peacock long heralded the appearance of many of my favorite shows. Bonanza, NBC's first serious success in color broadcast television, was a weekly treat for me, as it was for millions of other enchanted TV viewers. Accordingly, by the time color television promotion had begun to move consumers to purchase the new color television sets, which sold for approximately $1,000 initially, the NBC peacock, which had begun its glorious life as a simple static image, learned how to fan its tail feathers in a motion indicative of the sweeping changes the television age would come to initiate.
Until man orbited the earth, television was perhaps the single greatest technological achievement since Henry Ford had put automobiles into mass production. Since the coming of color television in 1956, the NBC peacock has been a television communications fixture, and NBC television is respectfully referred to as "The Peacock Network" by people and publications throughout the industry. It can be said that very few other company logos have stood as representative for changes that have affected so many people, so very deeply, for such a long time.
Posted Aug 12th 2008 2:17PM by Brian White (RSS feed)
Filed under: Consumer experience, Wal-Mart (WMT), Marketing and advertising
This post is one in a series on prominent company nicknames. See all 25, and share your thoughts and memories about Walley World below in the comments.
When Wal-Mart Stores Inc. (NYSE: WMT) began transforming from a regional discount chain to a national retail powerhouse in the late 1970s and early 1980s, the company caught the attention of consumers and business critics alike. The company has never been the same since, and after its meteoric rise in the 1990s, it is easily deserving of its alter ego, Walley World. Why, might you ask?
The term comes from a fictional amusement park in the 1983 comedy film National Lampoon's Vacation. The sprawling amusement park, which the Griswold family travels cross country for, turns out to be closed. This, of course, makes hilarity ensue as Chevy Chase's character hijacks the entire park to make sure his family has a good time after the disastrous journey to get there.
Continue reading Company nicknames: Trekking to Walley World instead of Wal-Mart
Posted Aug 12th 2008 10:15AM by Elizabeth Harrow (RSS feed)
Filed under: Marketing and advertising, McDonald's (MCD)
This post is one in a series on prominent company nicknames. See all 25, and share your thoughts and memories about Mickey D's below in the comments.
Should you ever doubt that I was born and bred a United States citizen, let the following anecdote erase all skepticism. Flashing back to 1983 for a moment, we find my 2-year-old self in my dad's old Plymouth station wagon. We're on the way to pick up my sister from Montessori school, and I'm riding in the front seat (a flagrant violation of my mother's car-seat rule, not to mention Ohio state law). From my shotgun perch, I have a clear view of the windshield wiper knob for the first time ... and, to my toddler's eye, the button atop this lever screams one message: McDonald's (NYSE: MCD).
That's right; I thought that the familiar wiper-fluid icon, with its two arches fanning out from one central stem, was somehow related to America's premier fast-food export. My quickly formed hypothesis went something along the lines of, In case of emergency, press here, and the Golden Arches will appear on the horizon. (Are you listening, automakers? The future is now!) As formative childhood memories go, this one blissfully passes up Freud and heads straight to Jung.
It might sound like an exaggeration, but the Golden Arches are nothing if not archetypal. Sure, there are other notable arches in the world; the Gateway Arch in St. Louis springs to mind, as does France's Arc de Triomphe, and the reasonable facsimile thereof in New York City's Washington Square Park. But, I ask you, is there another parabola in the world that so effortlessly communicates the same message in Beijing as it does in Cincinnati?
Continue reading Company nicknames: St. Louis has nothing on McDonald's Golden Arches
Posted Aug 12th 2008 6:10AM by Jonathan Berr (RSS feed)
Filed under: Products and services, Consumer experience, Marketing and advertising
This post is one in a series on prominent company nicknames. See all 25, and share your thoughts and memories about Fiat below in the comments.
Sometime in the 1970s, some wag dubbed the Fiat Fix It Again Tony, because at the time the Italian cars were awful -- they were built with cheap Russian steel that rusted easily. Their reputation among American consumers has never recovered.
"Modern Fiats are actually pretty respectable thanks to modernization of materials and manufacturing processes, unfortunately most Americans still think of the old phrase 'Fix It Again Tony' because Fiat has not sold cars in North America since 1982, and therefore that is the last Fiat anyone there has usually seen," according to the Urban Dictionary.
Maybe Fiat's absence from the U.S. market is not a bad thing. Writing in BusinessWeek, Helen Walters described the Fiat Punto as being riddled with design flaws, including one that is a safety hazard. "As it happens, I'm not in the market to buy a car," she writes. "But if I was then the Punto wouldn't make it anywhere on the list."
Looks like the old Fiat joke is not going away anytime soon.
Posted Aug 11th 2008 3:50PM by Carol Vinzant (RSS feed)
Filed under: Consumer experience, Competitive strategy, Marketing and advertising, United Parcel'B' (UPS)
This post is one in a series on prominent company nicknames. See all 25, and share your thoughts and memories about Big Brown below in the comments.
The simplicity of a brand name or symbol confers status on a company. Decades ago, the symbol might literally have been a stock symbol: the oldest companies got one letter ticker symbols from the New York Stock Exchange. United Parcel Service (NYSE: UPS) now gets that status by taking an entire color: brown. (Granted, it's not a primary color like IBM's Big Blue, but it still shows the company's clout.)
The company first started using its trademark brown trucks in the 1920s when it delivered appliances and other goods for department stores, says Mike Brewster, author of Driving Change: The UPS Approach to Business. Pullman brown was a good choice because "their department store clients wanted the company to be more under-stated, because the stores didn't want the fact that they no longer had their own trucks highlighted." That, and the dark trucks were easier to keep looking clean.
Brown is much more than a truck color now. It's the uniform. It's the logo. It's what the company calls itself in commercials. UPS employees bragging about their loyalty will say they "bleed brown." This year the company sponsored a horse named Big Brown, which won two-thirds of the Triple Crown.
But, hard as it is to believe now, UPS almost gave up its trademark color. "The company almost changed the color in the '90s during one of several re-brandings, but decided to stick with brown, much to the disappointment of many in the company," says Brewster. "But the 'What can Brown do for You?' campaign has given the color new life at the company."
Posted Aug 11th 2008 2:10PM by Elizabeth Harrow (RSS feed)
Filed under: Industry, Consumer experience, Ford Motor (F), Marketing and advertising
This post is one in a series on prominent company nicknames. See all 25, and share your thoughts and memories about Ford below in the comments.
I didn't grow up in one of those families that placed a high premium on American-made goods. If the Japanese can make it better, we'll buy it from them! was the general consensus. And those foreign autos served the Harrows well. My parents bought their 1984 Toyota Tercel when it was new, and that unattractive but reliable compact was part of the family through the beginning of my college career -- even surviving my first, hilarious attempts to operate a manual transmission. So, it wasn't until I moved in with my friend Debbie, as an adult, that I learned the details behind a particularly unflattering nickname for the Ford Motor Co. (NYSE: F).
There are those who would joke that the letters in "FORD" stand for "Fix Or Repair Daily." I know from experience that if you make that particular wisecrack within Debbie's earshot, she probably won't crack a smile. Instead, you can almost see her wheels churning, as though she's trying to calculate the thousands she's already poured into her Ford Focus -- or maybe she's just trying to predict which part will break down next.
During the time we shared a mailbox, it was a not-out-of-the-ordinary occurrence for Debbie to receive recall notices bearing the familiar Ford logo. These repair-o-grams arrived with such frequency that the exact number now escapes my memory; when I questioned her via text message, she replied, "I have had six. Stupid car."
Continue reading Company nicknames: Ford's reputation for quality found on road dead
Posted Aug 11th 2008 10:10AM by Jonathan Berr (RSS feed)
Filed under: Consumer experience, Google (GOOG), Microsoft (MSFT)
This post is one in a series on prominent company nicknames. See all 25, and share your thoughts and memories about Mr. Softee below in the comments.
You would be hard-pressed to find a professional stock trader today who didn't know that "Mister Softee" is Microsoft (NYSE: MSFT) . The nickname is so widely-used among investors that it seems to barely need explanation. But there is actually a quite simple reason for the derivation of the moniker. Here is how I imagine it taking hold:
Once upon a time in a land known as Manhattan, some Wall Street traders were enjoying some after-work beers. After about the fifth brew, these professionals began to gain insights, as they so often do today, into weighty topics.
They pondered the amorous tastes of Ginger and Mary Ann from Gilligan's Island. They debated whether "Freebird" or "Stairway to Heaven" was the greatest rock song of all time. Then, one of the traders had the burst of insight that the ticker symbol for Microsoft ("MSFT") has some of the same letters as beloved self-serve ice cream Mister Softee. And so, one of the most ubiquitous bits of Wall Street slang was born.
Continue reading Company nicknames: Microsoft nickname is an insult to Mister Softee
Posted Aug 11th 2008 6:10AM by Trey Thoelcke (RSS feed)
Filed under: Industry
This post is one in a series on prominent company nicknames. See all 25, and share your thoughts and memories about Roadway below in the comments.
Once or twice a year, the family and I take a long, cross-country drive to one vacation spot or another. So when I heard that that the nickname of the freight hauler Roadway Express was "always on the Road and in the Way," I knew exactly what that meant. It never seems to fail: just as I'm about to catch up to a semi truck, it suddenly swings over into my lane, the passing lane, and then spends the next five to ten miles inching past a very slightly slower truck. In the meantime, I get a nice close-up view of the Yosemite Sam mud flaps, while impatient traffic builds up behind me.
According to their website, Roadway Express, now a division of YRC Worldwide Inc. (NASDAQ: YRCW) has been on the road and in the way since it was founded in 1930 by a pair of brothers hauling freight between Akron, Ohio, and St. Louis, Missouri. By the end of its first decade, it had offices in 22 cities and operating revenues of more than a million dollars. After the Interstate system was established, that expanded to 65 cities and more than $40 million in operating revenue from nearly 1,000 trucks. The company celebrated its 75th anniversary in 2005, and now delivers to all 50 states, Puerto Rico, Canada, and Mexico with more than 8,500 trucks.
Continue reading Company nicknames: Roadway is on the road and in the way
Posted Aug 10th 2008 6:10PM by Gary E. Sattler (RSS feed)
Filed under: Management, Consumer experience, Home Depot (HD)
This post is one in a series on prominent company nicknames. See all 25, and share your thoughts and memories about Home Despot below in the comments.
One of the most unfortunate of company nicknames that I have ever been witness to, is the distasteful tag of homage that has been bestowed upon Home Depot Inc. (NYSE: HD). Even more disconcerting than the nickname itself, is the fact that it was bestowed on the company not from outside sources, but from within the company's own hierarchy. "Home Despot" is a name that shall long remain the legacy of one well-jettisoned corporate executive. Home Despot is the name that distinctly belongs to Bob Nardelli, a man who took his own personal neuroses and bound a great corporation with them.
I could feel the effects of the Home Despot when I entered one of the company's retail locations in my neighborhood. Though the store was always tidy and quiet, it had a tight and smothering feel to it. Associates were always available to show me where specific merchandise was, but they were never friendly or engaging. They always seemed afraid to get involved. It was quite a stark contrast to the Menard's store where I definitely preferred to shop. At that store I always felt welcome, and it always felt like things were going on.
I have moved away from the Home Depot store since then, so I can't say if the effects of the Home Despot still linger there. I can however, say that the name itself still does. It's an unfortunate reality that negative nicknames often have a tendency to hang around far longer than the good ones do. I can only hope that the man who gave spawn to the concepts that deserved that nasty title, took with him all the negative sentiment such a name entails. Home Depot never deserved such a negative association, and I think that Bob Nardelli never deserved Home Depot.
Posted Aug 10th 2008 12:10PM by Tom Barlow (RSS feed)
Filed under: Yum Brands (YUM)
This post is one in a series on prominent company nicknames. See all 25, and share your thoughts and memories about Taco Hell below in the comments.
Homer Simpson, when naming his first child, eliminated many monikers that he feared would invite rhyming nicknames (Screwy Louie, etc.) before choosing Bart (D'oh!). Combine this human propensity, the heat of Mexican food, and a soupçon of suspicion that low prices equal lower-quality ingredients, and the nickname for Taco Bell, Taco Hell, seems inevitable.
The YUM! Brands (NYSE: YUM) chain was born in the same town and at the same time as Mickey D's -- San Bernardino, California. There Glen Bell began selling 19-cent tacos, made possible by his innovation, using pre-fried taco shells. His restaurants, then know as Taco Tia, spread throughout southern California. In Redlands, the football L.A. Rams players who trained nearby began flocking to Bell's shop, and two of them became his first franchisees. In 1962, Bell sold out his share of the existing restaurants, now called El Tacos, and started Taco Bell. He took the company public in 1966 and sold his holdings to PepsiCo (NYSE: PEP) in 1975.
Shortly thereafter, the chain went international. It continued to grow thanks in part to savvy marketing, including one promotion offering a free taco to everyone in the U.S. if the Russian Mir space station, on its fall from orbit, were to hit a floating taco target in the Pacific. (It didn't.)
Continue reading Company nicknames: Taco Bell, a circle of Taco Hell?
Posted Aug 10th 2008 10:10AM by Jonathan Berr (RSS feed)
Filed under: Marketing and advertising, Walt Disney (DIS)
This post is one in a series on prominent company nicknames. See all 25, and share your thoughts and memories about the Mouse House below in the comments.
Anyone who has ever wondered about the term "Mouse House" need only consult the slanguage dictionary of the show business bible Variety, which defines it this way: "the Walt Disney Co. or any division thereof, a reference to the company's most famous animated character, Mickey Mouse." Variety also refers to Walt Disney Co. (NYSE: DIS) simply as the "Mouse."
I've recently rediscovered Mickey because of my nearly two-year-old son Jacob, and I'll say that the old rodent looks pretty good. I mean he's not in his Fantasia form, but he can still deliver the goods for the toddler crowd. Jacob probably is confused by many of the same things about Mickey and his gang as I was, such as why Donald Duck wears no pants and what sort of animal is Goofy. Those mysteries will endure until we fulfill our promise to take our son to visit Mickey's house in Florida.
Disney deserves credit for keeping Mickey Mouse relevant for today's kids because it realizes that the character remains vital to the brand of the world's second-largest media company. The company remains the best-run company in the sector and the only stock worth owning.
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