Lawsuit of the Century
In today’s society, ambition has many definitions. To a man named Dalton Chiscolm, it’s defined as $1.78 septillion dollars.
In a news article printed this week, Chiscolm is suing Bank of America due to problems with depositing some of his checks. In retribution to the damages he’s suffered, he’s requesting not only a huge amount of money, but also that it be paid in twenty-four hours time. Perhaps to the defendant, this request is reasonable; however, to break it down logically, $1.78 septillion equates to “30 billion times the world’s total GDP of $60 trillion.”
If Bank of America agreed to pay what its customer is asking, it would wipe out the bank’s $196 billion in common equity 9.1 trillion times over.
This story, as far-fetched as it is, has a valuable lesson: too much ambition creates impossible goals and can tarnish a reputation. In Chiscolm’s case, regardless of the backlash or inconvience he suffered at the hands of Back of America, his story and request have become a target of sarcasm in national news rather than treated as a serious claim.
As The Methodology Blog has covered before, making a decision without first recognizing potential outcomes inevitably decreases the chance for success. By examining all angles of a decision first, and keeping a level head in regards to reasonable options will help you discover an appropriate pathway that leads to opportunity and eventual success. If the methods used in reaching your current business goals seem over your head, contact Slaughter Development today. We’ll help bring those goals within reach by building processes that make sense.
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October 1st, 2009 at 9:21 pm
Important lesson to be learned from this. When I first read it I thought it was some sort of a joke that should appear on The Onion. It also can teach the lesson of setting realistic goals. What in the world would you do with that much money? It’s crazy.