Home Business 40 Of The Most Costly Mistakes Companies Have Ever Made

40 Of The Most Costly Mistakes Companies Have Ever Made

Hizkiail July 25, 2021

The person who forgot to proofread an application cost the state of New Jersey a large federal grant for educational reform. By writing the years 2010-2011 instead of 2008-2009, New Jersey lost $ 400 million. Damn!


Howie Hubler (a bond dealer at Morgan Stanley) bought risky loan default swaps for $ 2 billion while selling collateralized debt obligations (CDOs) for $ 16 billion. The CDOs weren’t safe, and when the market crashed, Howie Morgan Stanley cost billions of dollars.


Despite doing well for several years, Chrysler suffered a setback in 2006. Despite the introduction of ten new vehicles, the auto company lost $ 1.5 billion and filed for bankruptcy in 2008.

Fair use / Wikimedia Commons

The Texaco drill hit a salt mine, creating a huge hole that swallowed the lake and created a tremendous vortex. The damage cost $ 44.8 million, but at least no one was injured.

US Air Force photo / Staff Sgt.Bennie J. Davis III / Wikimedia Commons

Fortunately, the pilots managed to get off the jet before the crash and the sensors reported airspeed, altitude and flight path errors. It was later discovered that too much moisture had penetrated the machine due to heavy rain. Crazy!

FGO Stuart / Wikimedia Commons

The Titanic hit an iceberg on its first voyage, which sank the ship and carried 1,500 people with it. In addition, the loss of the ship cost about 7.5 million dollars (which corresponds to about 150 million euros in today’s currency).

Snow lemur

And as you’d expect, the repairs were extremely expensive – the project cost $ 135 million to work on!


While it might be argued that there may have been a fire, it seems like far too much foam to suggest someone accidentally did it. Unless it was done on purpose to simulate clouds!


When the lower car flooded, it was pulled up and smashed the upper car in the process. A destroyed car is bad enough – imagine the cost of repairing both of them!


This small car drove way too close to the school bus and the bus obviously didn’t know that anyone was behind it because as it reversed it crushed the small car. And the shape of the silver car only made things worse.


The truck was loaded with a crane and as you can see the crane split this house in half. Let’s just hope no one was in when it happened.


We’re not sure which genius thought it would be a good idea to leave this Mercedes this close to the water, but lo and behold, the tide came and the car half sank in the sand. Next time you better park in the parking lot when you go swimming!


With the tangled and muddy wires, it is pretty clear that the internet cables are not working and cannot be made working anytime soon. What do you think how much it will cost to fix the cables?


Since these towers are extremely heavy, we’re not really sure how that happened, but either way, it’s going to be a massive cleanup project and cost a ton of money. Maybe next time people should be more careful.


Unfortunately, a maintenance worker accidentally activated a Vulcan cannon, and the F-16 happened to be on the runway at the time. The fighter jet caught fire and you can guess the rest.


The guy who did this wanted to sanitize his money, but microwaves sure aren’t the way to go. What a huge waste of money!