Editing for Conciseness: Revise the following sentences, using shorter, simpler words:

1. Our superannuated content management system has proven to be ineffectual once again.
2. It is imperative that the pay increments be terminated before an inordinate deficit is accumulated.
3. There was unanimity among the executives that his behavior was cause for a mandatory meeting with the company's personnel director.
4. The impending liquidation of the company's assets was cause for jubilation among the company's competitors.
5. The expectations of the president for a stock dividend were accentuated by the preponderance of evidence that the company was in good financial condition.