The state and county comptrollers recently said the corporation had already lost $9 million in 2003 and could go broke by next year.
During the economic upheaval the corporation lost $54,382 at the end of the fiscal year 1935, after expenses and depreciation.
The corporation lost $33.2 million in the first half of the year and laid off 780 people on Aug. 16.
He attributed the change to a modern economy in which corporations lose touch with their home communities.
Numerous successful corporations, he told shareholders six weeks ago at their annual meeting, often lose track of their mission.
The corporations lose revenue and politicians gets their feelings hurt.
But the corporation loses contact with the O'Bannon as well.
In principle, corporations might eventually lose all ties to their parent nations.
Several large corporations lost significant amounts of money because of their failure to meet these compliance requirements.
Business lobbyists said that if the corporations lost the tax breaks entirely, they would find themselves at a serious disadvantage against European competitors.