That is, quite possibly, the worst manifestation of spec work ever. It's soulless, competing spec work, for the 'opportunity' at a cup of pennies. If that website was a building, I would form an angry mob, stock up on torches, pitch forks and boards-with-a-nail-through-it and move quickly towards it.

Great post Megan! It's a great addition to the process of educating clients and designers.

speaking of underpaying logo designers...

http://www.livedaily.com/blog/2562.html

The contest & pay are sad, you figure its an opportunity for young designers looking to do some professional work - i mean how many of us have done work for free?

As far as the work, some of it is pretty good considering the bland subject matter. That is what corporate design looks like when every business is convinced they need a brand logo.