The fantastic 90 year old company that I worked for in N.C. for many years could not sustain itself during the dasterdly 2008-2012 years, due to slow reimbursement rates and reduced Medicaid payments.
As the ship was slowly sinking, we were all looking to jump.
One morning, the Medical Director announced that our pay would be late, but they have negotiated with a firm that will "TakeOver", and announced the well known service providers name. (I gasped).
That was a hard 5 minutes for me.
Quickly albeit with sadness, I knew the law, and I knew my "out" wasn't in the lesser company taking over, (I would have to continue), it was in my current company giving us letters that our pay would be delayed.
I gave my notice immediately following morning meeting, but offered to stay as long as they needed me, during the take over.
My colleagues stayed and sweated the known horrendous new workload of the new company's business model.
They all quit within 6 months and fought legal battles.
They had their chance to see the loophole, but wanted the job security in hard economic times.
I couldn't blame them, but the takeover company had a bad reputation and I didn't want anything to do with them.
Interesting how fast these salvation companies scoop in to save the day, like Mighty Mouse!
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