Unformatted text preview: SnowGeese Annual Trip Email To: All Employees From: Frederick Fajardo, CEO Cc: Subject: Important: Company Meeting today at 3:30 Dear colleagues, I deeply regret to inform you that the annual SnowGeese trip to Tofino will have to be cancelled this year. I realize that this is a trip that we all look forward to with great anticipation, and it is a trip that you all have greatly earned. Earlier this month, Ventures West Management rescinded our funding for all major projects. The overall impact that this cut will have on our company’s future development plans is not certain at this time, but please rest assured that the CFO and I will pursue every avenue to attempt to procure additional funding. The reasons for the funding cut, and ultimately for cancelling the trip, are due to a number of unforeseen circumstances that are greatly impacting how we do our business, principally: §༊ Our development plans for the year have not been on target, and we will not be able to put our new prototypes into production for at least another year. • We are not likely to meet our sales targets, as set out by Ventures West, for at least two more years. This setback is also adversely affecting our prospects for obtaining new sources of funding. As a result of this development, we are obligated for the time being to curtail all non- essential expenditures. We will have a company meeting at 3pm today in the rotunda to discuss this situation; attendance at the meeting is mandatory. Once again, allow me to express my profound gratitude for all your outstanding dedication and hard work during this past year. Best regards, Frederick ...
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- Summer '13
- Management, Impact event, Target Corporation, Frederick 00