When we look back at the greatest business blunders of all time we have hindsight on our side. We don’t have to worry about making the tough decision, we can instead merely point and laugh at the wrong ones. Some of these business decisions exist before online stock trading and options trading was even a thing. Some of these occurred in the past ten years. Either way, strap in and read about the 10 biggest business blunders of all time.
20th Century Fox gives George Lucas all merchandising rights.
As hard as it is to imagine, Star Wars wasn’t always destined to be a slam dunk hit at the box office. Lucas used any uncertainty that may have existed in order to get his film made while making himself a ton of money. Lucas convinced 20th Century Fox to give up all merchandising rights in exchange for $20,000. The billions of dollars that Lucas has earned as a result are hard to fathom.