LATE CITY
EDITION
LATE CITY
EDITION
Volume 350 Sunday, June 24, 2012 Page 1 of 2

DEAR BRUCE WAYNE

The following letter written by Lucius Fox's to Bruce Wayne. It was discovered though the viral campaign at www.dewgothamcity.com You can click on the image to left or read the full transcript below.

Dear Bruce,

I hope this letter finds you well. Although I would have liked to have had this conversation with you personally, Alfred tells me I am better off writing as you are not having any visitors at the moment. That being the case, I’ll detail what I feel is becoming a situation within the company.

It’s a given that in the current economic environment our investors have become increasingly concerned about how their money is being spent. As such, profitability is being judged and analyzed, particularly by the board itself, in the past we haven't given them any reason to worry as both our earnings and spending have been consistent. This allowed me the autonomy to dedicate resources to the Wayne Foundation philanthropic programs as well as R+D endeavors. But over the past five quarters our earnings have been on a downtrend. Meanwhile, our R+D spending has been on an astronomical uptrend. And the black grows fainter around the entire company; I am being put into a position where I have to answer some questions, particularly about your energy project.