会社を、理不尽な上司のために辞めた友達が "I have been looking for other work for a while now, but now that this miserable excuse for a person as all but folded the school...well, it's lucky I had a feeling and started looking for other job opportunities when I did" と言ったのですが、 but now that this miserable excuse for a person as all but folded the school...wellの意味が解りません。教えてください。