http://www.myfoxdetroit.com/story/25832631/durbin-asks-
No Parthenon.
No Parthenon is a sure thing, but the larger question is will there be no employees in August.
What were we discussing last week? No paycheck.
www.thelayoff.com/corinthian-colleges/post/5127757998587904
How many more days do you expect to work for CCi anyway?
So let's say by some miracle you get paid next week. How long do you expect to be there?
More truth
BTW, the insource project cost over $50 million. Will some reporter please talk to the Marketing buffoons...Bill and Roger. Also talk to Jack and Ken...those two are millionaires many times over. Here's how...deliberately run the business into the... — read more
Read this for the truth
I can tell you EXACTLY who is responsible: Executive Leadership. Why doesn't someone ask them why they pissed MILLIONS away trying to in-source lead generation..."Hey, let's spend millions and millions of dollars, get worse leads, hire hundreds of... — read more
Finally the scam is coming to an end
At one time, the schools under CCI may have been of good quality. However, CCI themselves are nothing more than scam artists. They got capital under the guise of education to go on a buying spree, knowing they would rake in cash for several years at... — read more
ADMISSIONS
I see a lot of attack on Admissions. The Admissions Representatives I work with actually believe in what we do. IDK if this is because for years we were treated better than other departments and paid better as well but some of you need to read a... — read more
Hey ED! Our operation is so bad, we are so cash desperate, that how can you expect us to wait 21 days?
What? Wait, what? You say that the reason you are making us wait is because our operation is bad? But think of the tens of thousands of students, and the thousands of employees.
Day #25 is in the books.
Today is day number 25 that CCi has closed under $1. I do believe that this is the least of their worries. At the closing price, 0.33, the stock would need more than a triple to close above $1. If COCO does not more than triple in the next 5 trading... — read more
I have no idea if there will be paychecks next Friday.
That said, how can CCi continue with everyone wondering if they will be paid. Who knows, maybe you'll be paid for the next month or two, but the ship has bee sinking for so long...
CCi Stock is going up and up!!!!
It is up 19.32%!!!! What an awesome return on investment!! lol
What do you think about ITT Tech?
I got an offer for work there, anybody has suggestions on should I take it? I am currently with CCI and I believe that the game is over for us. I work in IT. Any advice would be greatly appreciated?
Failure to Receive a Paycheck
Does a failure to receive a paycheck qualify one for unemployment in Pennsylvania?
"Basically CCI is living from check to check otherwise the 21 day wait would not pose such a problem."
Never did anyone at CCi care about any employee doing the same thing.
A message to all Admissions staff and Directors.
The true tragedy is the students who are about to graduate, they now have to start all over. This sucks! The students in the Inland Empire was taken advantage of. They were mainly poor and uneducated. Now the staff from the college will feel their... — read more
Everything is fine
Everything is fine. Stay positive. From our campus leadership. We have worked together for a long time and I don't think they would lie. In fact we're friends. I know there are haters here but Jack is going to smooth things over in DC. I know I will... — read more
To Sam Kusic
I believe the residents and taxpayers of Indian County would be interested to learn of the current state of CCI/Wyotech. Wyotech Blairsville was given a 10 year tax break with the hope it would prove to be both successful and reputable. The... — read more
SIMPLY A TRAVESTY
Just had a Admissions Rep (two for that fact) walking down the hall with new prospective students. I know they a just doing their job, but isn't there something that is maleficent about this? Are they not doing harm? Again, doing their job...But... — read more
Management in good spirits here. WTF?
Just walked past a meeting of managers/directors. Lots of laughter going on in there, so what do they know that we don't? Maybe just that they made the tier that'll be getting paid, so "WHEW!" for them. Seriously, it's Friday and this $%^& is... — read more
This is my SECOND attempt to post this.I'm neither ignorant nor naive but
when I'm in a class and a kid asks me is Medical Assistant an entryway to Nursing, I'll say No. If I'm asked "can you gurantee me a job when I'm finished" I'll say No. I'm not an instructor who was asked to fudge grades or attendance. I'm not a... — read more
If magically CCi pulls through this period, do you think there are good times ahead?
Please tell me, what kind of future this company will have, even if it survives the next 6 months, which seems like an eternity at this point. Do you think it will return to prosperous days, given the multitude of other problems? Are there any good... — read more
"Company’s cash flows will not be sufficient to meet its obligations as they become due"
Do you understand that this means if the company owes you money, you may not be paid on time, including payroll? "which would cause the Company to be unable to continue as a going concern." Do you understand this means that the company will close its... — read more
Selective Posts???
I know someone posted a differing point of view here, I watched him hit send. It's strange to me that it hasn't shown up yet. Are views selectively posted?
NO Pay HIGH POSSIBILITY!
Just had a short meeting basically telling us that there's a very high possibility that we might not get paid next Friday and also assets are going to start selling. Pack the boxes pple We're on a sinking ship Ish hit the fan RUn!
For those of you who think you might be working TWO weeks without pay.
Let me remind you there is a one week lag, so you might be working THREE weeks without pay.
In regards to merit raises.
Merit raise, no. Promotion, YES! So much more money, but it's not a "merit raise." If you were in the right crowd, your pay would have went up. It was just called promotion, and the raise was much larger.
Thanks for 12 wasted years
I would personally like to thank Jack, Beth, Ken, Stan and Robert for your mismanagement and of course let's not forget the micromanging Divisional to all the students I worked with and for--I'm sorry you believed.
If we fail to demonstrate “administrative capability” to ED, our business could be materially adversely affected.
In a letter from ED in January 2014, ED recertified certain of our institutions on a provisional basis, denied certain pending new program approval applications, and indicated that all Company institutions must now request ED’s prior approval for... — read more
Under the First Amendment, the Company has agreed to, among other matters,
...(iv) reduce the maximum outstanding Credit Extensions under the Credit Facility to $105 million as of July 18, 2014, then down to $93 million as of August 1, 2014 and then down to $90 million as of August 15, 2014, and the Company must repay loans... — read more
We expect to fail to meet certain covenants in our credit facility as of June 30, 2014
As a result of the deferred tax valuation allowance of $76.5 million we recorded as of March 31, 2014 against U.S. domestic tax assets, we failed to meet the financial covenants in our credit facility related to fixed charge coverage and consolidated... — read more
The Fault Here ...
Lies with upper management who, instead of building an actual sustainable business model, decided to just take the money and run. The big, immediate issue that is causing thousands of employees to now work for a failing business is that CCi didn't... — read more
I can almost hear the pleas in DC.
"If you don't turn over that cash, right away, we cannot meet payroll and will shut down. Do you want to refund all that federal financial aid to students who are nearly complete with their program? It will cost you more to not turn over the funds... — read more
Smile, Dial and Enroll. Every one better start!
How can admissions enroll a single student given what's going on? I'm sorry, but even if you actually want to believe that the company "has plenty of money" and "everything is fine," how can you ignore the craziness of the operation. Do you really... — read more
Wyotech
Hey if this school goes belly up like a road killed opossum will they start selling snap on tools to the public? Also will they sell equip like chevys. Fords. Volvo and mack parts? They should go for a decent price. If anyone has information please... — read more
This is a must read for those that want or need more details in the current situation. There is also a reporter to contact if you have more inf.
http://m.ocregister.com/articles/company-624326-corinthian-students.html