Question

You are the CEO of Post Corporation and you have just received the report from the Finance Department regarding the inability of the company to pay off its debt. Reluctantly, the only option is to liquidate all the inventory in order to salvage as much money as possible before closing the stores. Your task is to compose a memo directed to the organization’s stakeholders, which includes employees, the Board of Directors, senior management, customers, and/or suppliers. In the memo, focusing on the tone, explain the rationale for the decision to close the stores.

Requirements

• Use memo format to communicate a clear message.

• Write your memo in professional style and tone.

Answer 1

Date : xxxxxx

To : Post Corporation Stakeholders

From : XYZ CEO Post Corporation

SUBJECT : Liquidation of Inventory

Dear Post Corporation Community,

Post Corporation has been facing debt issues since some time in the past. Despite our best efforts at the company, we are still unable to meet our debt obligations. This has majorly impacted the business.

The management has been battling the impeding costs of operations and reduced demand due to the recent downturn of the economy for some considerable amount of time now. But it seems the situation has finally caught a toll for the company. With a heavy heart, I would like to inform all the Stakeholders of Post Corporation that the company will be heading towards a liquidation process of all its inventory in order to salvage as much money as possible before closing our stores.

We deeply regret all the inconvenience caused to our suppliers and thank them for their support until this point. We would like to thank our employees for their unmatched service towards the company. We would also thank our investors for their faith in us.

This is a tough time for the company and we request you to be patient for some time till we recover and come out of this stronger and better.

Thanking You