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GMAT Sentence Correction (SC) | Never before had the e-business industry faced as many financial losse

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kwang2311 wrote:

Never before had the e-business industryfaced as many financial losses and employee cutbacks as they had in the late 1990s.

a.faced as many financial losses and employee cutbacks asthey had

b.had to face as many financial losses and employee cutbacks as it has to

c.faced the financial losses and employee cutbacksthat they had faced

d.had to face as many financial losses and employee cutbacks as

e.faced as many financial losses and employee cutbacks as it faced


[Reveal] Spoiler:
The OA is E. But I am having trouble understanding why the answer is not D. I think "had had to face" can be correct, and the issue lies in the second part of the sentence in D.. But I do know that you are allowed to omit certain parts of the sentences.. So an expert please explain why D is incorrect?


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