{"id":543575,"date":"2010-04-26T16:25:29","date_gmt":"2010-04-26T20:25:29","guid":{"rendered":"tag:consumerist.com,2010:\/\/1.10005005"},"modified":"2010-04-26T16:26:10","modified_gmt":"2010-04-26T20:26:10","slug":"which-of-these-is-the-worst-business-decision-ever","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/543575","title":{"rendered":"Which Of These Is The Worst Business Decision Ever?"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/consumerist.com\/assets_c\/2010\/04\/googles-thumb-240x180-39733.jpg\">         <\/p>\n<p>There have been a lot of boneheaded business decisions over the years, but the folks over at MSN seem to think they&#8217;ve distilled it down to an elite 8 of nearsighted, addle-brained, wrong-minded missteps. See if you agree.<\/p>\n<p>Herewith, the list <a href=\"http:\/\/articles.moneycentral.msn.com\/Investing\/Extra\/the-dumbest-business-decisions.aspx?GT1=33002#q=The%208%20dumbest%20business%20decisions%3A%20Mistakes%20they%27d%20like%20to%20take%20back\" >according to MSN<\/a>:<\/p>\n<p>1. Former $35 billion search engine company Excite, who spent billions acquiring every site under the sun, opting not to purchase then-upstart Google for $1 million in 1999.<\/p>\n<p>2. Ross Perot not being able to come to a deal to buy Microsoft in 1979. Perot says the asking price was between $40-$60 million while Bill Gates says it was between $6-$15 million.<\/p>\n<p>3. Decca records rejecting the Beatles after an audition in 1962.<\/p>\n<p>4. Apple founder Steve Jobs being ousted by John Sculley, the CEO he hired, in 1985.<\/p>\n<p>5. AOL and Time Warner&#8217;s merger at the peak of the first dotcom bubble in 2000.<\/p>\n<p>6. Building the tallest building in the world in Dubai as the city-state sank into billions of dollars worth of debt amid a collapsing real estate market.<\/p>\n<p>7. ABC passing up on a chance to air The Cosby Show, which would become one of the biggest and most era-defining TV hits of the 1980s.<\/p>\n<p>8. Edwin Drake&#8217;s failure to patent his groundbreaking (literally and figuratively) method for drilling oil.<\/p>\n<p>I was going to make this a poll, but I have a hunch that there are plenty of bad biz moves that people think are more deserving of a spot on this list&#8230;<\/p>\n<p><a href=\"http:\/\/articles.moneycentral.msn.com\/Investing\/Extra\/the-dumbest-business-decisions.aspx?GT1=33002#q=The%208%20dumbest%20business%20decisions%3A%20Mistakes%20they%27d%20like%20to%20take%20back\" >The 8 Dumbest Business Decisions<\/a> [MSN]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There have been a lot of boneheaded business decisions over the years, but the folks over at MSN seem to think they&#8217;ve distilled it down to an elite 8 of nearsighted, addle-brained, wrong-minded missteps. See if you agree. Herewith, the list according to MSN: 1. Former $35 billion search engine company Excite, who spent billions [&hellip;]<\/p>\n","protected":false},"author":5519,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-543575","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/543575","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/5519"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=543575"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/543575\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=543575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=543575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=543575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}