The local baseball card show promoter sold its two biggest shows to a memorabilia dealer who took over a show in Boston. As I told my son, change is inevitable—for the show, for the vendors, and for the people who work the autograph stand. With any merger or purchase, change is inevitable.
I said the same thing when I worked for a third-party administrator, where the bosses sold to someone who wanted to band all these registered employees. Investment advisory firms and go public. I said then, that change was inevitable, and one employee overheard me and ratted me out. What I said was innocuous and accurate. I didn’t say we all would get fired, it’s that any transaction in the business will result in change. Sometimes good, sometimes not so good. The boss accused me of hurting morale, but I was never at a place with worse morale. The point here is that. If a plan provider firm you know is being bought out, change is inevitable. A lot of the times, the change isn’t good. Time will tell, anyway.
