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In 2013, Microsoft’s then-CEO Steve Ballmer threw one of his monumental temper tantrums with the board of directors, threatening to quit if they did not approve of his proposed $7.7 billion purchase of Nokia’s handset business.
Rather than take advantage of this opening to finally be rid of him, the board capitulated, and it turned into a disaster. Microsoft would write off the whole acquisition just two years later -- $7.7 billion wasted.
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