Thoughts?

http://triblive.com/mobile/7053681-96/edmc-company-debt

For-profit schools with graduates unable to pay back their loans may soon face scrutiny by the federal government. http://bigstory.ap.org/article/c9fba2978ad4489e9aa73500532a7477/profit-colleges-face-gainful-employment-rule

That's not the end of the story. Rauner is also a stockholder in Education Management Corporation (EDMC), which operates more than 100 campuses around the country, including the Illinois Institute of Art in Chicago, Schaumburg, and Tinley Park. The... — read more 

Company status will be reevaluated early in 20@5. Based on those results, potentially 3-5% of staff may be cut. No decisions to be made until after the first of the year, though.

http://triblive.com/business/headlines/7053681-74/edmc-company-debt

Waiting to hear what Camden has to say about all this.

What happens first? Sasquatch gets laid off or gets promoted?

I stopped at Rollins last night to have a few drinks before I went home and overheard two older guys talking about the bottom third of staff at OHE getting laid of this week. I guess #'s are everything. Has anybody heard this?

I've said it before and I'll say it again: EVERY COLLEGE IS FOR-PROFIT. Education, like healthcare, is big business in America. Yea, that sucks. Blame the GOP. EDMC is doing nothing wrong by being honest about their profiting. If anything, I give... — read more 

I wonder who's next and when?

People got the axe all over

Someones day just got made. Layoffs today at Green Tree.

It's quiet. Too quiet.

Why hasn't the center and ohe unionized yet?

We had an open forum at South Online today where employees asked tough questions regarding chances of upcoming layoffs. Vice Chancellor Steve Read blatantly stated that there's no chance of layoff at South. What dobyou guys think? Can we trust that?... — read more 

Wouldn't you take a loss on your stock, despite the cost, if it means keeping your ass out of jail? You can't put a price on freedom, Eddie is a prime example of that. By delisting the stock, he's trying to avoid personal liability. Not like these... — read more 

As much as I would hate to see a significant amount of people lose their jobs, I would love to see this place go down. It used to be a somewhat respectable company, then a few greedy idiots made it a sweat shop. Run for the hills my friends. There... — read more 

We are now delisted!

What a GOD DAMN JOKE.

The meeting was a complete joke. About a week ago there were 2 Outlook invites sent out. One for an open forum chat w/ Julie Johnson and another (from 5-6pm) for the FY'15 Strategy Map Training. OF COURSE, the night before at 5:45 Julie cancelled the... — read more 

"I speak with people, for example, who work at boiler room call centers for for-profit colleges and the lead generation companies that provide the industry with many of its students. Recently I've been learning more about one particularly offensive... — read more 

Name them!

Dear Faculty – I am proud to share that The Art Institute of Pittsburgh – Online Division is honored to have been named a 2015 Military Friendly® School by Victory Media, the publisher of G.I. Jobs, Military Spouse, and Vetrepreneur® magazines. The... — read more 

Has anyone had their meetings yet today? Anything telling in those? Ours was conveniently schedule for 5-6pm today. No time for questions. That's how they like it around here. Do we think we'll get any real information in these? TIA for any input.

http://triblive.com/business/headlines/7002810-74/edmc-hrivnak-company#axzz3GnlgwvHQ

"On October 15, 2014, Robert G. Hrivnak, Vice President, Controller and Chief Accounting Officer, announced his resignation effective as of October 24, 2014."

http://www.bostonglobe.com/business/2014/10/19/high-debt-unfulfilled-dreams/KuDKIWiyRO5E5HDpRpSLRO/story.html?event=event25..............Michele McDonald for the Globe.... "Hollywood dreaming, but a job at Kinko’s"..... "Michael DiGiacomo thought... — read more 

Status Quo - EDMC Staff are okay. Nothing I have read indicates any changes in the immediate future.

Seriously people. Get out now. There is life outside of EDMC. They run this "corporation" through fear. A legit company cares about it employees and doesnt keep them guessing. You people who are working there now are making yourselves sick wondering... — read more 

Pittsburgh Business Times: Two EDMC execs paid six-figure bonuses despite loss…Way to go EDMC

In case you think management at the top is going to feel the pinch or care about you loosing your job or cutting back on your benefits the answer is NO. Carol DiBattiste, the company's top legal and security officer, pulled in $2.2 million in total... — read more 

"Among other long-term cost savings efforts, we plan to continue to pursue the consolidation of some of our institutions in order to achieve operational efficiencies and support our student affordability efforts. We anticipate that these efforts will... — read more 

Has it been delisted? Have we delisted ourselves?

http://www.macroaxis.com/invest/ratio/EDMC--Probability-Of-Bankruptcy

Does anyone have any speculation about the Open Forum and FY15 Strategy Map Review meetings next week. We're all hoping to get some useful information about our futures, but we're not getting our hopes up.

EDMC shares up 30%. Slight concern about a leak in the market...