Famously Bad Statements

“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 →