Mistakes That Cost These Businesses A Ton Of Money

Published on 10/23/2020
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Rena Monrovia Strikes A Reef

Some disasters can be avoided, for example, the Rena Monrovia container ship striking the Astrolabe Reef in New Zealand and running aground in 2011. Since the ship had been going at full speed itself, it was largely totalled. As for the cargo, it spilled into the ocean. The company spent $240 million for clearing up the mess. Apparently, the master and crew wasn’t looking where they were going, but the official report indicates “navigation errors” as the cause of the incident.

Rena Monrovia Strikes A Reef

Rena Monrovia Strikes A Reef

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The Balloonfest ’86 Debacle

In 1985, Treb Heining and his pals came up with the idea of releasing more than 1.5 million balloons above Cleveland. Aside from setting a world record, they would raise plenty of money for charity. Sadly, the organizers hadn’t thought of where the balloons might land. A change in weather resulted in the balloons descending onto local lakes. Two fisherman who were out on that day were reported missing. The search was also greatly hindered by the enormous amount of balloons. Tragically, the fishermen weren’t found alive. One of the wives sued the organizers of the event for $3.2 million while a local equestrian sued them for $100,000 for the damage to her horse.

The Balloonfest ’86 Debacle

The Balloonfest ’86 Debacle

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