ESPN president George Bodenheimer says when he attended the first Disney board meeting in Orlando, Florida, just after the company had bought Pixar from Steve Jobs, he spotted the Apple CEO Steve Jobs in a hallway. Bodenheimer went up to Jobs and decided to introduce himself. “I am George Bodenheimer,” he said to Jobs. “I run ESPN.” Jobs just looked at him and said nothing other than “Your phone is the dumbest fucking idea I have ever heard,” then turned and walked away. ESPN and Disney wound up losing $135 million on the phone.

Source: Daringfireball