Business Blunders

In 1985, Coca-Cola released a new formula of their signature soda - only to remove it from the shelves months later due to terrible sales. (AP Photo/Seth Perlman)
New Coke In 1985, Coca-Cola released a new formula of their signature soda - only to remove it from the shelves months later due to terrible sales. (AP Photo/Seth Perlman)
What's more gourmet than McDonald's? In 1996, the Golden Arches started cooking up fancier burger (with its own $100 million advertising campaign), which tanked, cause Mickey Ds some heartache. (AP Photo/Chris Gardner)
The Arch Deluxe What's more gourmet than McDonald's? In 1996, the Golden Arches started cooking up fancier burger (with its own $100 million advertising campaign), which tanked, cause Mickey Ds some heartache. (AP Photo/Chris Gardner)
Originally the candies Elliot used to lure the alien in his shed out in ET were supposed to be M&M's! But Mars balked at the product placement, and "ET's favorite candy" ended up being Reese's. The candies enjoyed a huge spike in sales thanks to the movie.
ET and M&M's? Originally the candies Elliot used to lure the alien in his shed out in ET were supposed to be M&M's! But Mars balked at the product placement, and "ET's favorite candy" ended up being Reese's. The candies enjoyed a huge spike in sales thanks to the movie.
The classic failure - the Ford Edsel even had its own television show, but nothing could help sales of the ugly car.
Edsel The classic failure - the Ford Edsel even had its own television show, but nothing could help sales of the ugly car.
One of the biggest mergers also ended up as the most expensive. Announced in February 2001, the merged company AOL-Time Warner posted a $99 billion loss in a year's time. (Photo by Chris Hondros)
AOL and Time Warner merge One of the biggest mergers also ended up as the most expensive. Announced in February 2001, the merged company AOL-Time Warner posted a $99 billion loss in a year's time. (Photo by Chris Hondros)
Crime never pays - in the long run that is. After years of embezzling and cooking the books, the scandal surrounding Enron finally broke in Nov. 2001. By December, the company's stocks had tanked and it filed for bankruptcy.
Enron Scandal Crime never pays - in the long run that is. After years of embezzling and cooking the books, the scandal surrounding Enron finally broke in Nov. 2001. By December, the company's stocks had tanked and it filed for bankruptcy.
Business Blunders
Business Blunders
Business Blunders
Business Blunders
Categories: Business News

Latest Galleries

Liberty Park Opens
Dozens Killed In Suicide Bomb Attack On Istanbul Airport
Celebrity BirthdaysBrowse through our list of celebrity birthdays -- do you know when your favorite star was born?
NYC Pride Parade 2016
Britain Votes To Leave EU
2016 NBA DraftPhotos from the 2016 NBA Draft
1996 Yankees Bench PlayersPhotos of Darryl Strawberry, Cecil Fielder, Tim Raines, Jim Leyritz and Charlie Hayes from the Yankees' 1996 world championship season.
NYC Pride Parade Through The Years

More From CBS New York

CAMPAIGN 2016
Get Our Morning Briefs

Listen Live