The made up story sound similar to Hertz losing 32 million while hiring Accenture to do internal API rewrite in 2 years.
https://www.theregister.co.uk/2019/04/23/hertz_accenture_law...
https://www.theregister.co.uk/2019/04/23/hertz_accenture_law...
-- Female CEO
-- 100+ years old
-- rentals
-- Has quietly bought up it's competition
Only thing which doesn't line up is employee numbers.
And they had Accenture do Angular app development.