It’s good to learn from your mistakes. But it’s even better to learn from other people’s. To that end, Time has compiled a list of the 10 worst business deals of 2007. Who makes the cut?
- Microsoft makes it for overpaying for Facebook
- Daimler clocks in at No. 3 for paying $2 billion to offload under-performing Chrysler
- Citibank earned its place by selling a 4.9% stake to Adu Dhabi Investment Authority for only $7.5 billion
For the other seven deals deemed shameful, stupid or short-sighted by Time, check out the complete list.
(Image of Mark Zuckerberg by sorenshaman, CC 2.0)
