Source: https://www.classicfm.com/discover-music/why-is-a-cd-74-minu...
"Philips engineer Kees A. Schouhamer Immink writes that Philips were pushing for the CD to be close in size to the cassette tape, whereas Sony were pushing for a slightly larger 12cm disc, partially because they knew that Philips already had a factory capable of producing 11.5cm CDs and if they could decide on 12cm as the industry standard then they would erase Philips' head start in manufacturing."
It definitely annoyed me that media cabinets that held an even number of cassette tape drawers "across" would not fit an integral number of CD drawers.
Is it the way, or merely a way, and only the way so far in our brief history? I hate to see defeatism around gross inefficiencies like these.
He claims Sony's CEO liked one particular recording of Beethoven's 9th so much, he insisted it had to fit on a CD. And this particular recording was 74mins, 33 seconds.
[0] https://www.youtube.com/watch?v=kytmE4mrXWM, Dutch
edit: It was not Timmer, but Kees Immink and Hans Mons @ 8:25
https://www.researchgate.net/publication/322951358_Shannon_B...
[1] (pdf, dutch) http://docs.mfbfreaks.com/div/De_Ingenieur_Lou_Ottens.pdf