Socle is CCI and CCI is Socle. It only takes a limited amount of investigation to tie the two tightly together. I believe many years ago CCI was dinged by the Dept of Ed on an issue. As part of a corrective action CCI promised to outsource their... — read more
Wyotech
While there are a few good mechanics at wyotech that will find jobs when they close. What are the others to do? There only so many parts runners and jiffy lubes in the area......
Creditors agree to let CCi go
"SANTA ANA, Calif., May 12, 2014 (GLOBE NEWSWIRE) -- Corinthian Colleges, Inc. (COCO) reported today that it had reached agreement with the lenders in its syndicated credit facility to amend the facility and to waive an event of default. The default... — read more
Do you smell something burning? Socle, CCI, whoever you are, your pants are on fire!!!
Wow!! Have you guys looked at Socle Education’s website? Socle has a case study on their client CCI which states, in pertinent part: “In 2009, CCi found itself facing a number of serious challenges. Accounts receivables and bad debt were at... — read more
SOCLE Education is hiring!
All those campus finance people will likely be gone soon.
Why would CCi management read this site?
As if anyone here has anything to offer to the gods?
Paula Schaap from The Street
http://www.thestreet.com/_yahoo/video/12704916/education-management-corinthian-colleges-among-for-profit-educators-facing-regulatory-issues.html
Blairsville Wyo tech
I can't believe Tom M. Is not a coordinator anymore. He actually cared. The only coordinator left that's worth a shit is Paul D. The other coordinators are terrible.
Dear Barclays Bank Hatchet Men: Here's Where You Cut
Barclay's is not afraid to cut to the bone, and into the marrow (they are planning to cut their own staff ths year). Clearly, people know where the corruption is. If Barclays is doing due diligence, someone is monitoring this website (we know Kent... — read more
Wyotech blairsville
I have never work at a place where everyone hates their job and complains as much as this place does. The leadership coming from administration is terrible and mostly to blame. It is just a shame because the students suffer.
Admissions
Enroll enough students to keep them happy, they won't complain about your smile, or how you said hello. Don't enroll enough, and you'll be told you don't know how to smile, and suddenly you're a POS--you don't even know how to say hello right. Does... — read more
Who tech ......In general
Just a really bad concept for all that money.
Glad I got out....
Corinthian Colleges contemplates sale amid declining ... www.insidehighered.com/news/2014/05/07/corinthian-colleges...
Stop whining, it won't do anything
Quit or be fired, one or the other. Start networking for new employment, you are going to sooner or later anyways. CCI is done, be an adult and realize it. If you stay around, no sympathy, you asked for it.
Know your rights, CCI NOT required to pay severance
http://articles.latimes.com/1996-04-21/business/fi-61156_1_severance-pay "...there is no statutory requirement that an employer provide an employee who is being laid off with either two weeks' notice or severance pay."... — read more
There is a difference between cockroaches, Spam and Twinkies versus CCi.
All these claims that CCi will remain lack one major issue: Unlike cockroaches, Spam and Twinkies, CCi needs cash. With revenues going down faster than expenses are being cut, and now that CCi has "breached the covenants" of their debt, where is the... — read more
Get over it
For all of you who are whining about CCI, get over it. CCI is not concerned about what you think. CCI has a business model to enroll as many hood rats as possible, nothing more. CCI will close its doors LONG before any change in the business model is... — read more
No More Laptop Support
Another great decision by "Leadership"-they have eliminated the only team that handles/troubleshoots the school issued laptops. Plan is to train all the advisors/success coaches to perform that task. What a cluster that will be. In the meeting I was... — read more
How many directors have only one employee?
With all the layoffs, people quitting and not being replaced, the number of employees per director has been going down near one. Why does CCi need so many directors with only one or two employees?
We work for the biggest d-bags on the planet
Darren Gold is a co-chairman with the American Enterprise Institute -- a conservative, free-market think tank -- and he's president and CEO of a school that is completely dependent on American taxpayers for 90% of its income. Heald would never, ever... — read more
Unfortunately, like cockroaches, Spam and Twinkies, Corinthian will remain. . .
The travesty is what is happening to those of us who hold "real" degrees, who toiled endlessly to make sure the students in the linear programs received the education that they were promised and who also made sure those students were prepared for the... — read more
Wyo tech blairsville
Now why do we need two campus presidents and two DOE's? Because the campus president cannot effectively run a campus and the DOE must need a break. Seriously now eliminating two of four useless positions would save 4 to 6 positions that are needed... — read more
Do the right thing!!
Kamala D. Harris, the Attorney General of the State of California, needs details to support the allegations made in these postings. Contact her office and make a difference. oag.ca.gov. Do it Monday. Do the right thing.
Posted in a thread
"There's so much more than this going on. Here are some examples: When students fall behind on their Genesis or cash plan Student Accounts begins by badgering the student with telephone calls, then pulls them out of class and when all else fails puts... — read more
Heald in meltdown mode.
The enrollment numbers are so pathetic along with ALL of the Heald students having finally figured it out that it is a big joke. Expect no more students in Summer.
Blairsville Wyotech
Today they laid off more people at the Blairsville WyoTech campus. Passed work to Socole and eliminated jobs. The campus can not survive and no one wants to buy a sinking ship.
Revenues
"Net revenue was $349.8 million versus $395.9 million, a decrease of 11.7%." So revenues are down $46 million for the quarter, yet upper management has implemented "cost saving measures" of roughly $31 million per quarter. And so many claims that... — read more
California lawsuit update
California has filed a motion to compel due to lack of discovery responses by CCI. A mandatory settlement conference is scheduled for July to try to settle the case. The trial date is scheduled for April 15, 2015
Watching CCi is like reading "All Quiet on the Western Front."
Soon all that will be left are a bunch of 12 year old kids.
"Cost saving measures"
The revenues are going down much faster than the so-called "cost saving measures." In other words, all the cuts are necessary, but insufficient to actually produce a significant change in net income.
On the labor force
Camden Kid claims that the large investors, banks, will be controlling labor costs, yet at the same time there is a concern about compliance. My observation has been that CCi is not paying enough to attract good workers, and selecting 'yes' people... — read more
New hire, rehire, all to be fired ??
CCi keeps laying people off after every start all while continuing to bring in new hires....is it right that 50 plus people get laid off all while a training class is going on and another one in the works?? All for these employees to be laid off in... — read more
Riffing
It's not going to fix the problem. Next quarter profit and enrollments will suck.
Casinos
In my opinion cci schools are nothing more then casino's.......where house wins 99.9% of the time.
Most if Sr management has no masters degree??
Someone tell me how a college/university can have so many employees so high up in management and Sr management who do NOT hold masters degree or doctorate. No wonder cci is less than $1 per share. I've never seen where a company would hire an... — read more
Riffs
The riffs are pouring now.