International Business Machines Corporation lore says that, in the early 1960's, CEO Tom Watson Jr. summoned to headquarters an executive who was responsible for a venture that lost $10 million. Watson, whose fierce temper was legendary, asked the man if he knew why he'd been called in. The man said he assumed he was being fired. Watson responded: "Fired? Hell, I just spent $10 million educating you. I just want to be sure you learned the right lessons."
-Paul B. Carroll and Chunka Mui, from the introduction to: Billion Dollar Lessons: What You Can Learn from the Most Inexcusable Business Failures of the Last 25 Years
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