Bridge Falls Short of Meeting Some Performance Objectives

ORGANIZATION & MANAGEMENT

NEW YORK--The following is a memo sent to Bridge employees on Oct. 26 from Tom McInerney. McInerney assumed the functional responsibilities of chief executive officer at Bridge Information Systems on an interim basis in September.

To: All employees

From: Tom McInerney

As you know, like most companies, Bridge has a bank credit agreement to help fund its activities. Under such agreements, companies are required to meet certain performance objectives. We have just informed our banks that Bridge