Explaining the Decision to Close the Stores

Compose a memo directed to the organization’s stakeholders to explain the rationale for the decision to close the stores.

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. Compose a memo directed to the organization’s stakeholders, which includes employees, the Board of Directors, senior management, customers, and suppliers. Explain the rationale for the decision to close the stores.