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You are the owner of a start up company seeking to hire a chief financial officer. After conducting intensive interviews, You decide to make an offer to Tommy Techy and Tommy accepts the offer. After you have made the offer and Tommy has accepted, you try to get insurance bonding on him. (The bonding is insurance to protect you in case the CFO would steal or embezzle money, since the CFO has such control over the finances of the business.) As the insurance company does the required background check for the bonding, they find that Tommy has a criminal conviction for a felony and is not eligible to be bonded. You are shocked because during the interview, Tommy indicated that he had nothing in his past that would prevent a company from getting an insurance bond for his performance. Do you have a binding contract with the candidate? Why or why not?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92497715

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