CCI did not make a deadline with DOE......This is no surprise.......CCI has been waving the middle finger at DOE for sometime now.
How much is $100M or even $1,400M?
There are plenty of people who could just write the check. Just to put things in perspective, on December 31, 2013, last December, Berkshire Hathaway, Warren Buffett and company, had $48,186M ($48B) CASH in the bank. Buffett could write a $1,400M... — read more
#thingstimhowardcouldsave
Cci did not make that list.
Just a reminder
CCI can't go away 100% because they still own campuses in Canada that The US DOE have no influence over.
How to file unemployment-Colorado
Training will be held in roaring river at 2pm mst. Thanks.
New record low! Now you get change back for your quarter!
Day's Range: 0.24 - 0.28
Everest Commercial
http://youtu.be/yJl0XuDKSjc
Thumbs up thumb down
This board needs a thumbs up thumbs down button..I would have a field day with that option
BLITZ TIME!
Smile and dial! Don't forget to ask for a referral!
Is Bill Lumbergh still a possible CEO after the buyout?
I know he has received high praise for management at Initech.
Blairsville eyotech
You know what is sad is that the people still there knew of ripping the students off......
Bloomberg news.......deadline not met
Corinthian Fails to Reach Accord With Education Department By Chris Staiti Jul 2, 2014 8:57 AM ET 2 Comments Email Print Facebook Twitter Google+ LinkedIn Save Sep Nov 2014 Mar May Jul 0.50 1.00 1.50 2.00 2.50 Price chart for CORINTHIAN COLLEGES INC... — read more
NEWS FLASH From the CCi Web Site...
"We serve our students and operate our schools in keeping with our core values, including integrity, service, excellence and accountability." BAHHH HA HA HA HA!!!!!! (That's the sound of me laughing so hard I can't catch my breath.) Oh, crap... — read more
Update on Discussions with Department of Education
We are still making progress on our negotiations with the Department of Education, but have not yet reached full agreement on all outstanding issues. We are continuing to work toward a final agreement today. Thanks for your continued hard work and... — read more
Wyotech blairsville
You can finish you education as a trainee at mickey d's as that is what a certificate is worth from there. At least you get paid there and not owe 45 grand at 12% intetest. All hail Art!!!
STILL IN LOCKSTEP WITH THEIR CONTINUING FAUX PAS
Corinthian, U.S. Expect to Reach Deal After Missing Deadline... For-Profit Educator Said in June It Would Sell or Wind Down All of Its 107 Schools. By Michael Calia, Wall Street Journal Updated July 2, 2014 9:12 a.m. ET Corinthian Colleges Inc. and... — read more
Infestation at San Bernardino
Obviously the bug exterminator is out of the budget. Infestation of roaches all over campus. Seen 4 in a matter of 30 minutes. But donuts will be supplied as usual.
No agreement reached yet. They hope to have one in a "few days."
http://chronicle.com/article/As-CorinthianUS/147467/?cid=at&utm_source=at&utm_medium=en
Unitek Education
Hear they are buying Heald http://www.thelayoff.com/unitek-information-systems
Why is there so little media coverage on something so big???
You have to search online to get information. Is there some type of gag order to avoid mass panic? Just wondering why??
CSC
I worked for Corinthian for a VERY long time, in a department that wasnt apart of "all this" I loved my job, the people I worked for and my staff...My heart goes out to each of you, I have always had the utmost confidence in Jack...You all are... — read more
Sad to see so many people holding onto false hope
If your campus is sold, you WILL be eliminated. NO buyer wants the hassle of dealing with CCI hangers on. EVERY potential buyer already has their people in place to do things THEIR way....no need for "transition." Barclays bought Lehman bros and... — read more
RIF's
I have worked for this company for over 8 years and I have seen the ravaging of layoffs...200, 500, 1000+ and here we are at the zero hour with zero cash to pay employees. Why are so many still standing? I have watched the hardest of workers at CSC... — read more
Get some sleep, get up, report to work tomorrow......
what's the difference between knowing outcomes tonight or in the morning? It will be explained in the morning along with itinerary for the next several months for both campuses on closure with teach out and campuses for sale.
Be Happy that we still have a job....
and be happy that we are being put on sale instead of just closing the doors. Ungrateful people.
Calling their bluff
Right after our campus suffered those lay offs in February, we had an interesting meeting with our Regional who assured us that everything was going to be alright. Matter of fact, he stated that CCI had been sued by AG's in the past, that the normal... — read more
Can someone explain how all this works?
So there is this number of 500 hours to produce documents. As if that is some really big number. That's 1 person for three months. Or, better yet, about 5 hours per campus times 100 campuses. And from what I see, 1 person for 3 months is nothing... — read more
We don't have problems, we have opportunity's!
Carmella Cassetta!
So many lies... so little time
So where is the grouchy Carmella hiding? Or does she only show her mug for layoffs? When do you think the layoffs will start again? We have ANOTHER training class!! People are flocking to other companies so fast that It can't keep up! Now a word from... — read more
Unless ED provides CCi with more cash, where is the cash coming from to meet payroll?
Reminds me of a teenager who has a flat tire and blames the entire world rather than admit his car is a POS.
Heald was sold.
Just talked to a Dean at a Heald. He was told that the Healds found a buyer and were sold. The Board and President would change, but jobs at the campus level would stay the same. I don't know how reliable this info is but that's what they're telling... — read more
Nothing new yet...arrrg
I just want to know what it will be to make plans for my future. I love the students. With a new buyer maybe things will change... Being optimistic. CCI can't get loans because they broke covenants previously. Bank of America only gave them $9... — read more
Why is it that document production wasn't such a big deal once ED delayed funds by 21 days? Document production began the moment ED got serious
The request was too large when ED was providing instant cash. Delay funds by 21 days, and suddenly CCi "redoubles effort."
Mandatory Meeting
Message from campus President - CCI is flying in regional big wigs to talk to everyone tomorrow - mandatory all staff meeting... would they fly in big wigs to announce a sale?! Uh huh...
Working Capital
Working capital is current assets less current liabilities. Now how much working capital does CCi have? lol. And some here are discussing numbers like 9 million or 16 million. Comical.