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Business Blunders

Category
Business News
Previous Image Next Image Next Gallery: Celebs Who Lean To The Right
Actor Adam Sandler, a Republican, performed at the 2004 Republican National Convention, and has contributed money to Rudy Giuliani's 2008 Presidential campaign.
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)
  • Business Blunders
    Business%20Blunders
    Business Blunders
    Business Blunders
    Business%20Blunders
    Business Blunders
    New Coke
    New%20Coke
    In%201985%2C%20Coca-Cola%20released%20a%20new%20formula%20of%20their%20signature%20soda%20%26%238211%3B%20only%20to%20remove%20it%20from%20the%20shelves%20months%20later%20due%20to%20terrible%20sales.%20%28AP%20Photo%2FSeth%20Perlman%29
    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)
    The Arch Deluxe
    The%20Arch%20Deluxe
    What%26%238217%3Bs%20more%20gourmet%20than%20McDonald%26%238217%3Bs%3F%20In%201996%2C%20the%20Golden%20Arches%20started%20cooking%20up%20fancier%20burger%20%28with%20its%20own%20%24100%20million%20advertising%20campaign%29%2C%20which%20tanked%2C%20cause%20Mickey%20Ds%20some%20heartache.%20%28AP%20Photo%2FChris%20Gardner%29
    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)
    ET and M&M’s?
    ET%20and%20M%26amp%3BM%27s%3F
    Originally%20the%20candies%20Elliot%20used%20to%20lure%20the%20alien%20in%20his%20shed%20out%20in%20ET%20were%20supposed%20to%20be%20M%26amp%3BM%26%238217%3Bs%21%20But%20Mars%20balked%20at%20the%20product%20placement%2C%20and%20%26%238220%3BET%26%238217%3Bs%20favorite%20candy%26%238221%3B%20ended%20up%20being%20Reese%26%238217%3Bs.%20The%20candies%20enjoyed%20a%20huge%20spike%20in%20sales%20thanks%20to%20the%20movie.
    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.
    Edsel
    Edsel
    The%20classic%20failure%20%26%238211%3B%20the%20Ford%20Edsel%20even%20had%20its%20own%20television%20show%2C%20but%20nothing%20could%20help%20sales%20of%20the%20ugly%20car.%20
    The classic failure - the Ford Edsel even had its own television show, but nothing could help sales of the ugly car.
  • AOL and Time Warner merge
    AOL%20and%20Time%20Warner%20merge
    One%20of%20the%20biggest%20mergers%20also%20ended%20up%20as%20the%20most%20expensive.%20Announced%20in%20February%202001%2C%20the%20merged%20company%20AOL-Time%20Warner%20posted%20a%20%2499%20billion%20loss%20in%20a%20year%26%238217%3Bs%20time.%20%28Photo%20by%20Chris%20Hondros%29
    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)
    Enron Scandal
    Enron%20Scandal
    Crime%20never%20pays%20%26%238211%3B%20in%20the%20long%20run%20that%20is.%20After%20years%20of%20embezzling%20and%20cooking%20the%20books%2C%20the%20scandal%20surrounding%20Enron%20finally%20broke%20in%20Nov.%202001.%20By%20December%2C%20the%20company%26%238217%3Bs%20stocks%20had%20tanked%20and%20it%20filed%20for%20bankruptcy.
    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.
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)
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