Hammond Corp Posts Record Losses (Note): Difference between revisions
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Updated May 12, 2049 4:22 PM ET | ''Updated May 12, 2049 4:22 PM ET'' | ||
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Hammond Corp lost a record $57 billion in the fiscal year ending in March, the company announced today. It was the fifth straight year the company finished with a loss. A restructuring plan was announced, with CEO Elizabeth Hammond promising to cut the volume of ansibles produced. The beleaguered executive has been criticized in recent years of being out of touch when discussing her future vision of the technology, often focuses on unrelated projects such as the $5 billion government contract to support research at Jones Station, Antarctica. | Hammond Corp lost a record $57 billion in the fiscal year ending in March, the company announced today. It was the fifth straight year the company finished with a loss. A restructuring plan was announced, with CEO Elizabeth Hammond promising to cut the volume of ansibles produced. The beleaguered executive has been criticized in recent years of being out of touch when discussing her future vision of the technology, often focuses on unrelated projects such as the $5 billion government contract to support research at Jones Station, Antarctica.'' | ||
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Revision as of 00:29, 14 August 2021
Transcription
Updated May 12, 2049 4:22 PM ET
Hammond Corp lost a record $57 billion in the fiscal year ending in March, the company announced today. It was the fifth straight year the company finished with a loss. A restructuring plan was announced, with CEO Elizabeth Hammond promising to cut the volume of ansibles produced. The beleaguered executive has been criticized in recent years of being out of touch when discussing her future vision of the technology, often focuses on unrelated projects such as the $5 billion government contract to support research at Jones Station, Antarctica.
About the Note
This is a newspaper, talking about Hammond Corp and Elizabeth Hammond's plans regarding her company's fall.