BUSINESS

10 Companies That May Never Recover From Their Mistakes: 24/7 Wall St.

01/04/2011 05:12 am ET | Updated May 25, 2011

Most companies that fail over time do so because of a series of modest mistakes made by generations of management. Markets shift and corporations are slow to adapt. Strategic acquisitions, which could change a company's future for the better, are ignored or passed up. And, perhaps most common of all, a company begins to decline because it loses the creative spark of its founder or the input of employees that are the company's creative engine.

The firms on the 24/7 Wall St. list of companies that will never recover from their mistakes are all still in business. Each firm was a leader in its industry, if not the leader, but made a critical error or errors that destroyed their chance to have a brighter future.

For want of a nail, the kingdom was lost.

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