Business Magazine

$2,500 A Month On Rubber Bands

Posted on the 07 March 2012 by Gerard @presurfer
$2,500 A Month On Rubber Bandsimage credit
A story about Pablo Escobar, the head of the Medellin drug cartel in Colombia. Escobar had so much money that he was spending $2,500 a month on rubber bands, necessary to bind the money together. To those of us who are not kingpins of the cocaine trade, spending $30,000 annually on rubber bands seems like a huge expense. But for Escobar, it was a rounding error.
Escobar stored his money in a warehouse. But the warehouse had a rat problem, and Escobar lost about 10% of his wealth to these rats. They'd enter the warehouse at night and feast on the portraits of Benjamin Franklin captured within each rubber band.
(thanks Stanley)The Presurfer

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