South University's stepchild campuses of AI appear to have received a warning from SACS. The last sentence of this article does not identify the specific campuses, but it almost has to be the AI campuses. We will know something official soon enough... — read more
You're better than this place
This place is a complete joke. I am talking about all branches but the worst is the Pittsburgh online recruiting location. They want to manage with fear. It's just a bunch of young punks micro managing trying to compensate for something else. Get out... — read more
Dear Santa
Dear Santa, When will the layoffs come? Today? Tomorrow? Next week? Oh Santa, when? This will be the greatest Christmas gift ever.
EDMC Flat Line on NASDAQ
EDMC may have gone off the stock exchange today--which means less and less transparency for workers, students, and stockholders .....http://investors.edmc.edu/phoenix.zhtml?c=87813&p=irol-newsArticle&ID=1981091
TO ALL OF THE OVERLY HARASSED HIGH SCHOOL TEACHERS
Dear Teacher, I am a High School Representative working for a shady and unethical company called EDMC. I am emailing you, as well as most other teachers at your school, because I have been told by my managers to reach out to as many instructors as... — read more
Real news?
What is going on here? I was interviewed for a job in Charleston, SC and never heard another word, this was in late October, about 6 weeks ago. I hadn't heard anything of an impending bankruptcy or going out of business until I tried to logon onto... — read more
Raises...
So have raises been taken away??? I haven't really heard anything as of yet.
Talk time
When I hear the phrase "Talk Time" I imagine a pre school classroom where all the children have time to talk to each other. Get out people. This job is for the birds. You're better than that.
If you can't settle, postpone.....
PITTSBURGH, Dec. 1, 2014 /PRNewswire/ -- Education Management Corporation ("EDMC" and together with its consolidated subsidiaries, the "Company") announced today that it has extended until 5:00 p.m., New York City time, on December 5, 2014 the... — read more
Talk Time at AUO
I heard 6 people at AUO got put on Discussion memos based off of talk time and more to come.
Vanishing Money at EDMC?
This comment comes from Yahoo Finance. Can someone at EDMC (or Price Waterhouse Coopers)explain?..........."A story from point of an Engineer about EDMC 11,000 staff, average $90,000 per person per year, $1 billion per year. 110 campus, assuming $2... — read more
Why no discussion here of the sudden announcement of an unplanned Wednesday Holiday EDMC school closure?
I have never seen such a thing in the many years working here. A change in a major school date on the calendar affecting faculty and students announced late in the previous quarter was very unusual thing. Last Thursday, it was announced that the... — read more
Government Bailout of For-Profit Zombie Colleges
Looks like the current US government administration will work with banks and loan servicers to bail out for-profit colleges, but will leave students and workers in worsening conditions. Some workers may be able to keep their jobs, but those jobs may... — read more
Site gets quite when it comes down to the business of the matter
where are you all at?
SEC Filings evidence of consolidations underway
Looking at recent SEC filings by EDMC, Form 4 are filed when an "Insider" discloses a buy or sell of beneficial ownership of shares. Seems the "Former Chancellor" of Argosy disposed of his remaining shares, 12,761 of them on Nov. 14, 2014. It's all... — read more
EDMC Lenders Say Grudge Brought Restructuring To A Halt
Law360, New York (November 17, 2014, 8:14 PM ET) -- An ad hoc committee of lenders to bankrupt college operator Education Management Corp. on Thursday accused two noteholders of trying to stop the company's restructuring process out of a grudge... — read more
Stock
Fyi stock price dropped below 30 cents today.
Hello There
Just wanted join the discussion and let you know that the great work we do couldn't happen without all of you. I appreciate your efforts, even those who disagree with the direction EDMC has taken and have been vocal about it here. We will continue to... — read more
Get Ready
They are coming!!!! SOON
http://www.huffingtonpost.com/davidhalperin/scam-websites-promising-j_b_6146646.html
http://www.huffingtonpost.com/davidhalperin/scam-websites-promising-j_b_6146646.html
Hello Andrew Behnke
It looks like for-profit lawyers are trolling the Internet. First it was Kirkland & Ellis, and now EDMC lawyers themselves? What do they think they will find?
AI and South
So what will it look like when AI and South merge? Any thoughts?
Kirkland & Ellis and KKR?
Just noticed that Kirkland & Ellis' client list includes KKR (the owners of EDMC's assets). Does anyone know much about Kirkland & Ellis? It appears they were previously involved in the miserable deal that brought Heald to... — read more
Dead air?
Warm calls must be up if no one is posting on here, unless they wised up and blocked this site for everyone...
Important posts are being removed
It appears that posts are being removed on this site. I know that I posted about Kirkland & Ellis and Christopher Kirkham. I also know that other people posted important information about EDMC's lead generators: University Bound Network, Pro... — read more
Layoffs
Rumors spreading again for this upcoming week layoffs will be happening???
Top 20 Worst Colleges http://www.washingtonmonthly.com/magazine/septemberoctober_2014/features/americas_worst_colleges051752.php?page=all
I can't believe it was only three campuses that made the list. But we did get the number one spot!! Congratulations!
AUO Layoffs
Is today the day it goes down? Pick me, pick me.
47484 makes a good point but there is much more
If AI loses Title IV funding, which is about 80% of revenue, the ability of new students to register will significantly decrease, thus the need for faculty and adjunct faculty. You can only reduce faculty count so far, min / max student counts, if... — read more
Business is booming at SUO
SU Vice Chancellor and RVP assured all of us that things are on the up and up today in an all employee meeting. Students are staying in school and business is booming. It's a great day at South University!
New Gainful Employment
When the new Gainful Employment Ruling goes into effect in July 2015, the precipitous drop in enrollment and thus revenue for AI will be devastating. The Leasehold obligations will become overwhelming, Subleasing of space to releive some of this... — read more
Beware
The new gainful employment rule's gonna destroy AI. With so many overpriced AS degrees, AI id at the top of the list for having programs cut. Argosy and South already cut their programs earlier last year to make sure they are in a good position whrn... — read more
Who are the lead generators for EDMC?
Can anyone tell me who the lead generators are for EDMC schools?
We treat you like garbage but you better keep a positive attitude!
It always amazes me that the "front line" employees get blamed for having bad attitudes. We work for a company that is in a constant state layoffs, our leads are SHIT and our managers, middle and upper, for the most part are so unqualified to manage... — read more
Anything brewing?
Hr been meeting all day in the fishbowl. Smells suspicious. Anyone got the deets?
Removing Posts
I wonder who controls what posts get pulled off this site. Someone mysteriously removed the entire thread where I commented about a certain Director of Admissions who has an assault charge verified on the PA crime portal. Not even this outlet is safe... — read more
Another VP Jumps ship
http://www.bizjournals.com/pittsburgh/news/2014/11/03/top-communications-exec-departs-edmc.html
Suck it, Cammy.
http://money.cnn.com/2014/09/07/investing/for-profit-education-stocks/index.html
KKR and EDMC
Controlled collapse or what?
This week?
Will it happen this week?