Assignment: Bill Beasley began working for California Cuisine, Inc. pursuant to the following agreement. California Cuisine, Inc., owns, operates, and franchises a nationwide chain of restaurants in the United States featuring a gourmet twist on classic American dishes.
For fiscal year 2011, the company’s year-end pre-tax net income was $72,000. For fiscal year 2012 the year-end pre-tax income was $387,191.
In November, 2011 California Cuisine, Inc. learned that Beasley had been involved in developing a restaurant concept where servers in the traditional sense would be obsolete. Instead, customers simply key in their orders on mobile communications devices provided by the hostess, or on their own smart phones via text messaging, and food runners would bring the orders to the patrons’ tables. While California Cuisine had not been involved in this sort of concept, they were angry that Beasley had expanded on his own into the new area. California Cuisine terminated Beasley on Dec. 24, 2011.
-Beasley claimed that he had been wrongfully terminated. He demands the following:
– Lost wages for the remainder of the contract
– Bonuses for fiscal year 2011 and fiscal year 2012
– The right to purchase 20,000 shares of California Cuisine’ stock at the price fixed by the Compensation Committee on the date of grant.
California Cuisine claims that Beasley breached the contract and wants the return of the salary that he has been paid for the entire time of his employment.
What conclusion? Be sure that you completely discuss the reasoning that each party would use, regardless of your conclusion.
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