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The most expensive mistakes
Everyone makes mistakes, but not every have to pay so dearly. Some random errors can cost more than one million dollars
Typo, which cost New York more than a million dollars
Error accounting Ministry of Education in New York State has led to the fact that the amount earmarked for the development of urban school transport, has doubled.
It turned out that one of the words inadvertently accountant appeared superfluous letter, and accounting software could not recognize it. This error has been detected during the audit in June 2006, it led to what has been spent on transport 2, $ 8 million instead of the planned 1, 4 million. City authorities had to make up the difference.
most expensive in the history of the comma
August 2006, a case of "the most expensive places in the history of Canada." It is a conflict of Canadian companies Rogers Communications Inc. and Aliant Inc. The court ordered the largest Canadian provider of wireless data services Rogers Communications Inc. to pay an additional 2, $ 13 million Aliant Inc. after the termination of the contract between them.
In 2002, between the two companies signed a contract containing a clause stating that it "shall enter into force on the date of signing and shall remain in force for a period of five years from the date of signing, and then can be extended for five-year periods, unless terminated by either of the party filing of a written notice no later than one year prior to the termination. " Thus Rogers believed that until 2007 the contract is indissoluble, and in 2006 it will become clear whether it will be automatically extended for another five years. However, in 2005 Aliant sends notice of cancellation of the contract. The stumbling block was the ill-fated comma, due to which a given point of agreement was interpreted by the parties (in English spelling) in different ways: Representatives Rogers argued that the conditions relate only to the additional term, and representatives of Aliant, based on the punctuation of the English language - how to Additionally, as well as to the core. The decision was made in favor of Aliant, which has the right to terminate the contract in 2006. This allowed her to greatly increase a fee for their services (from $ 9.60 for each used the tower to $ 28.05), which is why Rogers has lost more than two million dollars - this is the value of one point.
Typo increased the winning amount from $ 1,000 to $ 50,000,000
In July 2007, one of the car dealerships Roswell, New Mexico, has issued 50,000 tickets instant lottery with the main prize of $ 1,000. Meant that the top prize are 1 ticket of 50 000. But when printing in the printing of lottery tickets Atlanta-based Force Events Direct Marketing Co. was a mistake.
The result was that the alleged 50,000 people became happy owners of a prize of $ 1,000. Keenly aware that to pay the sum of $ 50 million is unrealistic, and the like as a company and is not obliged to, dealership offered to exchange all win "incorrectly printed" lottery tickets for $ 5 gift card Wal-Mart, which cost the company 250 thousand dollars. After the incident, Force Events, to somehow appease disgruntled citizens issued lottery tickets with the grand prize of $ 5,000, and later another 20 series of lottery tickets with the grand prize of $ 1,000.
Error Chilean trader $ 175 million
In 1994, because of the Internet made during trading trader State copper company of Chile - Codelco error (instead of when to profitably sell it unprofitable to buy shares), the company, and therefore the whole country has lost $ 175 million. At that time, this amount was equal to 5% of the country's GNP.
Random error, which cost the Japanese bank $ 340 million
Because of the random error of the trader Mizuho Securities (brokerage unit of the second largest bank in Japan Mizuho Financial Group Inc.) in early December 2006 the stock recruitment company J-Com Co. were sold at 1 yen instead of 610,000 yen. Misunderstanding that occurred partly because the computer system of the Tokyo Stock Exchange did not respond to attempts to abolish misguided bid cost the trading house at 40, 5 billion yen (340 million. Dollars) and was an example, perhaps one of the most expensive in the world of typos.
Typo, which cost New York more than a million dollars
Error accounting Ministry of Education in New York State has led to the fact that the amount earmarked for the development of urban school transport, has doubled.
It turned out that one of the words inadvertently accountant appeared superfluous letter, and accounting software could not recognize it. This error has been detected during the audit in June 2006, it led to what has been spent on transport 2, $ 8 million instead of the planned 1, 4 million. City authorities had to make up the difference.
most expensive in the history of the comma
August 2006, a case of "the most expensive places in the history of Canada." It is a conflict of Canadian companies Rogers Communications Inc. and Aliant Inc. The court ordered the largest Canadian provider of wireless data services Rogers Communications Inc. to pay an additional 2, $ 13 million Aliant Inc. after the termination of the contract between them.
In 2002, between the two companies signed a contract containing a clause stating that it "shall enter into force on the date of signing and shall remain in force for a period of five years from the date of signing, and then can be extended for five-year periods, unless terminated by either of the party filing of a written notice no later than one year prior to the termination. " Thus Rogers believed that until 2007 the contract is indissoluble, and in 2006 it will become clear whether it will be automatically extended for another five years. However, in 2005 Aliant sends notice of cancellation of the contract. The stumbling block was the ill-fated comma, due to which a given point of agreement was interpreted by the parties (in English spelling) in different ways: Representatives Rogers argued that the conditions relate only to the additional term, and representatives of Aliant, based on the punctuation of the English language - how to Additionally, as well as to the core. The decision was made in favor of Aliant, which has the right to terminate the contract in 2006. This allowed her to greatly increase a fee for their services (from $ 9.60 for each used the tower to $ 28.05), which is why Rogers has lost more than two million dollars - this is the value of one point.
Typo increased the winning amount from $ 1,000 to $ 50,000,000
In July 2007, one of the car dealerships Roswell, New Mexico, has issued 50,000 tickets instant lottery with the main prize of $ 1,000. Meant that the top prize are 1 ticket of 50 000. But when printing in the printing of lottery tickets Atlanta-based Force Events Direct Marketing Co. was a mistake.
The result was that the alleged 50,000 people became happy owners of a prize of $ 1,000. Keenly aware that to pay the sum of $ 50 million is unrealistic, and the like as a company and is not obliged to, dealership offered to exchange all win "incorrectly printed" lottery tickets for $ 5 gift card Wal-Mart, which cost the company 250 thousand dollars. After the incident, Force Events, to somehow appease disgruntled citizens issued lottery tickets with the grand prize of $ 5,000, and later another 20 series of lottery tickets with the grand prize of $ 1,000.
Error Chilean trader $ 175 million
In 1994, because of the Internet made during trading trader State copper company of Chile - Codelco error (instead of when to profitably sell it unprofitable to buy shares), the company, and therefore the whole country has lost $ 175 million. At that time, this amount was equal to 5% of the country's GNP.
Random error, which cost the Japanese bank $ 340 million
Because of the random error of the trader Mizuho Securities (brokerage unit of the second largest bank in Japan Mizuho Financial Group Inc.) in early December 2006 the stock recruitment company J-Com Co. were sold at 1 yen instead of 610,000 yen. Misunderstanding that occurred partly because the computer system of the Tokyo Stock Exchange did not respond to attempts to abolish misguided bid cost the trading house at 40, 5 billion yen (340 million. Dollars) and was an example, perhaps one of the most expensive in the world of typos.
