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by adventured
2867 days ago
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GM, which was perhaps the most powerful corporation on earth at the time, made the exact same mistakes. They bought Ross Perot's Electronic Data Systems. They bought Hughes Aircraft (Hughes Electronics, DirecTV, etc). That was all in the mid 1980s at the end of GM's run when they had no idea what to do with their position and riches (the Japanese would solve that 'problem' for them shortly thereafter). |
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Also its just plain scary how much money one can lose and quickly.