5. $3,800,000,000,000 AOLâTIME-WARNER KMART-SEARS CINGULAR-AT&T CHICAGO TRIBUNE â LA TIMES J â CHASE BANK, etc. etc. etc. etc. 70% 50% â of these ventures failââŠ.Perry & Herd, 2004 â ..had lower shareholder returns than their industry peersâ. Lebedow , 1999