Parkinson’s Laws: First Law

Parkinson’s Laws: First Law – Work expands to fill the time available for its completion. Second Law – Expenditures rise to meet income. Fourth Law – The number of people in any working group tends to increase regardless of the amount of work to be done. Law of Committees – The amount of time spent by a committee on an agenda item is inversely proportional to the cost of the item. Fifth Law – If there is a way to delay in important decision, the good bureaucracy, public or private, will find it. Sixth Law – Action expands to fill the void created by human failure.

How The Rich Get Richer

A businessman walked into a New York City bank and asked for the loan officer. He said he was going to Europe on business for two weeks and needed to borrow $5,000. The loan officer said the bank would need some security for such a loan. The business man then handed over the keys to a Rolls Royce that was parked on the street in front of the bank. Everything checked out and the loan officer accepted the car as collateral for the loan. An employee then drove the Rolls into the bank’s underground garage and parked it there. Two weeks later the businessman returned, repaid the $5,000 and the interest which came to $15.41. The loan officer said, ‘We do appreciate your business and this transaction has worked out very nicely, but we are a bit puzzled. While you were away we checked and found that you are a multimillionaire. What puzzles us is why you would bother to borrow $5,000?’ The business man replied: ‘Where else in New York City can I park my car for 2 weeks for 15 bucks?’