re: Was this the worst mistake in music history?

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You're saying The Foo Fighters are the biggest mistake?

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Worst band in modern music except maybe muse

Eminem taking a shot at Trump..

The Band breaking up was worse than the Beatles.

My vote goes to Decca A&R man Mike Smith, who, instructed by his boss Dick Rowe to decide which of two promising bands to offer a recording contract, chose Brian Poole and the Tremeloes - instead of the other band, pictured below:

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My vote goes to Decca A&R man Mike Smith, who, instructed by his boss Dick Rowe to decide which of two promising bands to offer a recording contract, chose Brian Poole and the Tremeloes - instead of the other band

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Listening to the audition tape, would you have signed them?

They did only three L&M originals, none all that great, and a curious number of Tin Pan Alley standards. Also, although your pic includes Ringo, the audition was before he joined the band -- the drummer on the tape is the less-than-virtuoso Pete Best.

In addition, the simple fact they were from Liverpool worked against them. Wiki:

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Decca instead chose Brian Poole and the Tremeloes, who auditioned the same day as the Beatles, as they were local and would require lower travel expenses

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My choice for biggest mistake goes to the Rolling Stones' original manager, Andrew Oldham. Shortly after being fired by the band in late 1967, he sold all his interests in the group -- an established star act, proven hitmakers -- including control of song publishing and 50% of record sales, to Allan Klein for 75,000 pounds.

There's no way of knowing just how much Klein made out his share of the Stones -- he got half of everything they cut in the '60s, and even owned a piece of some tracks on Sticky Fingers -- but you can make a guesstimate from Keith Richards' remark that getting involved with Klein was "$25,000,000 worth of experience".

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My choice for biggest mistake goes to the Rolling Stones' original manager, Andrew Oldham. Shortly after being fired by the band in late 1967, he sold all his interests in the group -- an established star act, proven hitmakers -- including control of song publishing and 50% of record sales, to Allan Klein for 75,000 pounds. There's no way of knowing just how much Klein made out his share of the Stones -- he got half of everything they cut in the '60s, and even owned a piece of some tracks on Sticky Fingers -- but you can make a guesstimate from Keith Richards' remark that getting involved with Klein was "$25,000,000 worth of experience".

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It's a damn shame the band has to get permission to use any recorded work prior to '70.

In no order:

DLR leaving VH
Dixie Chicks spouting off in London
Mick Taylor leaving the Stones
Elvis not ditching the colonel in the 70's
Buddy Holly getting on a plane in Clear Lake, IA

Snare drum sound on St. Anger

Didn’t the Beatles not have ownship of their own music? I’m pretty sure Michael Jackson owned a good bit of their Catalog if music. That has had to have cost them a fortune. I’m not sure how the deal went down and why they didn’t own it but if they made a decision to sell or a deal where they didn’t own it that has to have cost them hundreds of Millions.

Billy Squier says "Hold my Beer"

That is a fantastic answer