Shameless cut and paste of a hilarious article from Blender.com about the 20 biggest fuckups made by those madcap record execs. From Dick Rowe onwards, I reckon most people find these sort of stories as funny as I do mainly because (and John Niven's podcast performance backs up this theory) no one doubts for a minute that the record industry is laden with hubris and egomania to a pretty comical degree. Oh, and who knew Thomas Edison was the Steve Jobs of his day? Proprietary formats; always a bad idea...
http://www.blender.com/articles/default.aspx?key=18696&pg=0