Reference no: EM131273193
Leonard founded Xnel, a small life sciences research company, five years ago. His friend, Allan, has both medical research and business expertise. Last year Leonard was assured by a private equity investor that an influx of cash would be forthcoming, so he began conversations to hire his friend Allan to become CEO of Xnel. Instead, employment arrangements are generally discussed. In this instance, Leonard and Allan discussed a salary of $450,000 and a 10% ownership stake in Xnel. During their negotiations Leonard sent Allan an email saying, "Let's talk seriously about all of these details before you make a decision regarding other offers." Allan eventually took the job as CEO of Xnel, but soon thereafter the private equity investor backed-out, and Xnel's cash flow could not sustain Allan's salary. Allan left Xnel after six months, and he went to work elsewhere. Two months ago Leonard sold Xnel for $1,000,000, and now Allan is demanding 10% of those proceeds.
1) If you were Allan, how would you argue that legally you are entitled to $100,000 from the sale of Xnel?
2) If you were Leonard, how would you argue that legally you do not owe Allan any of the proceeds from the sale of Xnel?
3) Assuming you were a court analyzing this dispute, what other components of this alleged bargain are missing, and how would you decide the controversy?
Profitable and valuable long-term sustainability for firm
: Now that you have an understanding of corporate culture, and the variables that impact it, how would you characterize an ethically effective culture - one that would effectively lead to a profitable and valuable long-term sustainability for the firm?
|
Benchmarking is tool for quality improvement
: Benchmarking is a tool for quality improvement. It brings the notion of improvement to a higher level with the goal of not only getting better but becoming the best performer in a given process. Benchmarking has been used in healthcare in the areas o..
|
Networking with other quality and risk managers
: Perhaps also networking with other quality and risk managers to discuss what works and does not work in their hospitals. This could be another source of benchmarking. Developing a common set of indicators to measure outcomes etc. OK now let’s expand ..
|
Development of healthcare business units strategy
: Development of a Healthcare Business Unit’s Strategy. Identify a health care organization for which a significant amount of information is available, in books, journals, reports, or on the Internet. Conduct an audit of the organization’s strategic as..
|
How would you decide the controversy
: Leonard founded Xnel, a small life sciences research company, five years ago. His friend, Allan, has both medical research and business expertise. Last year Leonard was assured by a private equity investor that an influx of cash would be forthcoming,..
|
Part of the calibrating consistency article
: Consistency in performance ratings becomes particularly important following a merger or acquisition. "Following an acquisition, calibration is virtually mandatory because the two companies will have two different cultures and different expectations o..
|
Ensure appropriate training and development opportunities
: You are the HR manager of a new organization with 100 employees. There is a mix of exempt and hourly staff. Personnel include: 30 Managers/ supervisors Administrative assistants In house technicians Field technicians IT technicians. Identify and cons..
|
Describe the three categories of the physical environment
: Describe the three categories of the physical environment and provide examples of associated public health risks. Explain how you might evaluate training for soft skills and how you would evaluate training for technical skills? What happens when a tr..
|
Produces three varieties of high quality cements
: The ABC Cement Corporation produces three varieties of high quality cements that are supplied to construction companies. The annual demand for all these varieties and their corresponding probabilities for the year 2010 are as follows. Variety Demand ..
|