Yes, but not now. In 1987, when Microsoft was struggling with its Windows development and facing growing up pains, Gates offered to sell 30% of his stake to IBM. Ofcourse the haughty IBM suits refused and the result is there for all to see now.
Many such interesting anecdotes are in the book I am currently reading, Business Blunders. Some are about financial frauds like collapse of Barrings and some are real jokes like the time an Engineering firm spent years unsuccessfully trying to build a canal to link two rivers. They finally realised they were forcing the water upstream.
It is good to know that we are not the only blunderers on Planet Earth :)