SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 78.22-1.3%1:49 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Robert O who wrote (52198)4/27/2001 11:34:16 PM
From: Adam Nash  Read Replies (2) of 77400
 
Actually, there is a big difference between promissory estoppel for an at-will employee and someone who has been offered a new job.

Very often offer letters contain a promise of salary, other compensation, and a start date. As such, the company has effectively entered into a contract to have the person start work at that compensation on that date.

It is only once they start work that they often sign various employment agreements, including the documentation that signifies at-will employment.

As a result, companies are far more liable for issues surrounding new offer letters than they are for general at-will employees, which is what your material actually refers to.

This is not a question of people having an at-will contract but "feeling" like there is a promise of permanent employment. These are people with written letter in hand, signed by the company, that they will start a new job at a certain compensation on a certain date. Totally different issue.

This, of course, assumes that Cisco's offer letters are like other major technology companies in California. However, as I have never seen one personally, it could be possible that it includes some at-will language or rescindability. But I doubt it.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext