Last but not least, we have another blunder from the IT world. When a 23-year-old Bill Gates approached the CEO of Electronic Data Systems, Ross Perot, in 1979 with a proposition to buy his company, it seemed like a match made in heaven. Electronic Data Systems was looking for a small computer company to invest in and Microsoft wanted to enter the corporate market place. In the end, the deal faltered because of Gates’s $50 million asking price, which Perot thought was too high. He later told the Seattle Times that this decision was “one of the biggest business mistakes I’ve ever made.”
So there you have it – some of the worst financial horror stories that probably still keep their protagonists awake at night. Happy Halloween y’all!