Jimmy walker joined your new internet sales force in june

Assignment Help Finance Basics

Reference no: EM13621643

Jimmy Walker joined your new Internet sales force in June 2009, immediately after graduating from college. He turned down several better-paying job opportunities to get into your new innovative company. As compensation, Walker agreed to a lower starting salary and stock options. However, the options do not vest until he has been employed for three years, which means that Walker forfeits all his stock options in the event he leaves the company before June 2012. In November 2011, as a result of a serious financial crisis, your company is considering downsizing the workforce to reduce the operating expenses. The board is considering firing Walker, despite his good performance, primarily because he is the most recently hired, at-will employee. However, you (as the CEO of the organization) fear a lawsuit, especially given that Walker has less than one year to go before he can vest in his stock options.

Should the board fire Walker? Why or why not?
If Walker is terminated, on what bases can he sue the company? Will he prevail in his suit? Why or why not?
How could you have structured the relationship with Walker differently in order to avoid a potential lawsuit

Reference no: EM13621643

Questions Cloud

Calculate the change in ph when 600 ml of 0100 m hclaq is : calculate the change in ph when 6.00 ml of 0.100 m hclaq is added to 100.0 ml of a buffer solution that is 0.100 m in

Compute the transmission coefficient for penetration of the : electerons and protons each with energies of 0.4 ev are incident on a square barrier 3 ev high and 0.1 nm wide. compute

What equal monthly invesmet is required over a 50 year : what equal monthly invesmet is required over a 50 year period to achieve a balance of 2600000 in an investment account

A random sample of 16 students from the student body of a : a random sample of 16 students from the student body of a large university had an average age of 25 years and a sample

Jimmy walker joined your new internet sales force in june : jimmy walker joined your new internet sales force in june 2009 immediately after graduating from college. he turned

How long does it take to reach its highest point what : a projectile is launched from a cliff 200m above the valley floor with an initial velocity of 60ms at 60degrees above

If money is worth 6 compounded annually to you then you : if money is worth 6 compounded annually to you then you should prefer to receive 1750 per year for 5 years than to

What is your effective annual interest rate an opportunity : a bank offers your firm a revolving credit arrangement for up to 61 million at an interest rate of 1.48 percent per

When inserted into a player the cd starts from rest and : a cd has a mass of 16.4 g and a radius of 6.12 cm. when inserted into a player the cd starts from rest and accelerates

User Account

All Pages