Famously Bad Statements

The Beatles

“We don’t like their sound, and guitar music is on the way out.” Decca Recording Co. rejecting the Beatles, 1962. “There is no reason anyone would want a computer in their home.” Ken Olson, president, chairman and founder of Digital Equipment Corp., 1977 “The concept is interesting and well-formed, but in order to earn better than a ‘C,’ the idea must be feasible.” — A Yale University management professor in response to Fred Smith’s paper proposing reliable overnight delivery service. (Smith went on to found Federal Express Corp.) “I think there is a world market for maybe five computers.” — Thomas Watson, chairman of IBM, 1943 “That ‘Rainbow’ song is no good – take it out.” — MGM official memo after the first … Continue reading →