Today I had to install PowerCLI on my workstation. When I tried launching it for the first time, it simply opened and closed again instantly. After browsing the VMware community for this error and not finding a useful solution, I ended up googling the error. As it turns out, this only happens when you did set the “Number of recent items to display in jump lists” to something less than 4.
After changing the limit to something greater than 4, it just works. This appears to be a Powershell bug.