Historic Mistakes That Cost These Big Brands Zillions

Uncategorized |

 

In the world of business, companies make silly errors all the time. But beyond the norm, some just belong in the hall of fame of fools. It's time to take a look at some of the worst deals in history, and all that was lost!

By a Few Inches, NASA Loses a Real Satellite

NASA was pretty upset when the Mars Climate Orbiter burned up in 1999. They had invested $125 million into the machine, and that was gone. Worse, there was an obvious reason for the disaster! 

Shutterstock

It was all in the numbers: One team used the Metric System. The other used the American system. All put together, nothing added up! The Jet Propulsion Laboratory and Lockheed Martin just weren't communicating in this basic way. It sure cost a lot to find out in hard, earthly currency!

Next: See the worst financial fumbles that cost companies everything!

X