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TO: All employees

FROM: Carol Smith/Human Resources

SUBJECT: Cancelation of July 4 picnic

DATE: May 27, 1986

I am sorry to inform you that the July 4 picnic at Central park is canceled. Because of our recent reorganization, President Hoff has decided Liberty Savings cannot financially justify a picnic.

Because special events are important for the morale of the company, we plan to provide you with a well-deserved Christmas party. With everyone’s help, we should be able to celebrate the holidays like never before.

Mr. Hoff thanks you for making this sacrifice and appreciates your understanding to ensure a better future for Liberty Savings.



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