Dear HR Professional, I am seeking your advice regarding a situation that, I believe, involves a breach of trust.
I work as a CXO in a company (let's call it CompA) and last week I was asked to leave. A notice was served to me by the company stating my last date of employment, my stock options, and the variable component of pay.
Last year, I had an offer from an MNC that paid me around 40% more than what I was getting at this company CompA. The founder of the company literally begged me to not leave stating that it would hurt the interests of the company CompA. I really wanted to leave but the founder then said that they will give me stock options and will keep me employed with the company for at least next 4 years till the options are fully vested in me. Two senior HR people including the Chief HR Officer of the company were also involved in this discussion. Now, a few months later he has asked me to leave stating that the contract says that either party can give a 2 months notice. I told him about his promises and why he is causing me financial distress as I do not have any future job. This will impact my income. I also reminded him that I had a job offer and he only asked me to continue and even gave me stock options.
But, now all is gone and I am left feeling cheated. This is a clear breach of trust. I wanted to ask the legal experts what they think about this. Isn't this a criminal breach of trust where I was promised something when the company really needed me but then the promises were not honored? I have proof of all this in chat messages, and also in the message that I sent the company that had made the offer. There has never been an issue with my performance, and I was always appreciated over the years that I was with the company.
I work as a CXO in a company (let's call it CompA) and last week I was asked to leave. A notice was served to me by the company stating my last date of employment, my stock options, and the variable component of pay.
Last year, I had an offer from an MNC that paid me around 40% more than what I was getting at this company CompA. The founder of the company literally begged me to not leave stating that it would hurt the interests of the company CompA. I really wanted to leave but the founder then said that they will give me stock options and will keep me employed with the company for at least next 4 years till the options are fully vested in me. Two senior HR people including the Chief HR Officer of the company were also involved in this discussion. Now, a few months later he has asked me to leave stating that the contract says that either party can give a 2 months notice. I told him about his promises and why he is causing me financial distress as I do not have any future job. This will impact my income. I also reminded him that I had a job offer and he only asked me to continue and even gave me stock options.
But, now all is gone and I am left feeling cheated. This is a clear breach of trust. I wanted to ask the legal experts what they think about this. Isn't this a criminal breach of trust where I was promised something when the company really needed me but then the promises were not honored? I have proof of all this in chat messages, and also in the message that I sent the company that had made the offer. There has never been an issue with my performance, and I was always appreciated over the years that I was with the company.