I work for a company in CA.
While at the company I saw an opportunity to develop a new product delivery model that would increase our business.
The idea was well received by the administration. And I did some preliminary work that verified the strength of this new approach.
In anticipation of the launch of this new program, I developed a budget with the CFO. Included in that budget was a director position that it was agreed that I would take with the official roll out of the program.
In specific conversation with the CFO I asked what woudl be the expected range of compensation for this position. Based upon her information the position was budgeted at 65,000. The budget was approved.
Over the last year, I have worked extremely hard setting this up. Didn't pursue other offers, etc.
A couple of days ago I was informed by the HR folk that the CFO had approved the new position at 42,000.
If at the beginning I had been told that the new position would pay this I would have declined to go forward.
What is my position?