Quote:
Originally posted by Superman
Thom, people who fall outside the exemptions to FLSA (professiona, executive, etc), in other words, folks who are not exempt, are entitled to over time pay under Federal law. Hourly workers are entitled to OT for hours over 40 per week.
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Right.
I knew that, but when I tried to explain to some of these people that they were taking it in the a$$, it fell on deaf ears. Remember, this was the late 90's, and they had been sold the notion that the worth of their stock options would be greater than the 1 1/2 they were giving up. Oh, I forgot to mention; not only were they not getting 1 1/2, they had agreed to 'bill' only 8 hours per day in exchange for those stock options. They had tried to get me to do the same, and I say 'no way. I'll take the cash and if I like where things are headed, I'll buy some stock.' This was about the same time they got de-listed from NASDAQ...
I wonder if they (the ex-employees) ever filed legal claims after the can't; I can't imagine they
wouldn't; it would be a slam-freakin'-dunk. I left the company a couple months later and lost contact.