I suck. That is all.
http://finance.yahoo.com/q/co?s=EDMC
EDMC losing $500M annually. Only 2 ways to recover: 1)Close down campuses that are not profiting. 2)Lay-off about 30%-40% of workforce for capital recovery.
This call may be recorded so we can fire people for not letting you know...
So how many people do we think will be weeded out over the next few months for forgetting to say "this call may be recorded for quality and training purposes"? Am I the only one that sees this as something that will allow the company to easily fire a... — read more
Advising in The Center
Is it moving to Phx? If so, when?
Slow
Site is slow! I think this is a good news. Or is this the "calm" before the storm?
Still waiting bizatches
I still want to know who ya'll think is the hottest ladies at OHE.
Heard Anything?
Uppermangement seemed to running around stressed today. Doesn't look good. Has anybody heard anything?
Alls Wells that ends Wells?
http://www.watchlistnews.com/wells-fargo-co-upgrades-education-management-corp-to-market-perform-edmc/126881/
Information needed please.
If you are from upper management and you have some good in your heart, please, tell us something. No one will ever know who you are! I fear that it will get harder to provide for my family. Thank you.
New to Site - Can You Help
New to Site. Does anybody have any update on layoffs at Online? I have read some posts this evening and it appears there are some very ignorant people posting on this site. I have been at EDMC for 4 years and provide for my family and would just like... — read more
EDMC receives notice from Nasdaq; weighing voluntary delisting
http://www.bizjournals.com/pittsburgh/news/2014/10/08/edmc-receives-notice-from-nasdaq-weighing.html
Earnings Report is out!!!!
http://www.nasdaq.com/earnings/report/edmc. So who's going to break it down!
Wtf is this? English porfavor.
http://m.nasdaq.com/press-release/education-management-corporation-amends-exchange-offer-20141006-01115
Goldman Sachs Gets Off Easy, Students and Teachers Get Short End
Goldman Sachs is the largest villain in EDMC's failure--even larger than EDMC executives who were complicit in making this a predatory corporation. And vulnerable students and teachers are the prey. What galls me is that the third largest investor... — read more
Dipped to $.94!
I've never experienced anything like this. The negativity is just looming like a storm cloud. How is everyone doing out there?
New Class Action Lawsuit Filed Oct 3rd
Yet another bridge burned, this time its a class action lawsuit. How much is it going to cost to settle all these? What one company can do to have so many people pissed off across the country boggles the mind... — read more
Informative link on restructuring
http://www.jdsupra.com/legalnews/restructuring-in-higher-education-19914/
Hottest EDMC Online Employee
Who is the hottest EDMC Online Female Employee?
SEC report has been filed. Not looking good.
http://www.fool.com/quote/nasdaq/education-mgmt/edmc/sec-filings
New Argosy website
So aside from deeming AUO worthless, what are your thoughts on it? Think it spells the end of the online division as we know it? Also, think it was made by AI dropouts?
Sit the class first!
Layoffs will not happen until October 30th. They want us to hit our fall target first. Duh!
Will Admissions get touched?
Last couple times they did a layoff no Admissions reps were let go. Thoughts?
10/1
Is today the day?
AI
I can tell you that all the Art Institute faculty members in the west were sent forms to be filled out requiring us to qualify each class we teach. We have to explain all assignments and how they fit the course competencies, what degree level we... — read more
Checking in...
Is there any movement out there?
Twas the night before layoffs
Twas the night before layoffs, when all through the office, the workers were rattled and rumors a flocking. The managers seemed calm with hopes held high. The workers were stressed and started to pray, when visions of past layoffs played in their... — read more
Is today the deadline?
I can't remember if today is the deadline for EDMC to file the earnings report? Any help? From the consistent slew of drama over the last 2 weeks, I've completely lost track.
Same downfall as CCI. Which campuses are slated to close?
We are experiencing the same downfall as CCI.
Low level school drone
Layoffs are scheduled for Tuesday, 9/30. This is according to managers giving staff a heads up. The size is unclear since a lot of people are quitting but we heard it was to be really big. The number they will let go must have dropped quite a bit... — read more
Stock going up - Where's the discussion?
It gets real quiet here when that happens.
Useless paychecks
So how much is this company spending on these positions that don't do a thing? Some of us work our asses off and others wheel their chairs up to other employees and want to know about student success? Come on I sure hope they are the first to go... — read more
read this and tell me your thoughts!!!!!!!!!!
http://www.bloombergview.com/articles/2014-09-26/the-secret-goldman-sachs-tapes
Another Lawsuit: Former SEC Attorney Takes On EDMC Shareholder Lawsuit
"Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, and the securities litigation firm of Powers Taylor LLP announce that a federal class action lawsuit has been filed against... — read more
Walk out
Screw it.. . let's have a company wide walk out until we get answers then no one is winning! We deserve to know facts.
$1.02, lawsuits everywhere.
I'm planning my life as if I'm not going to have a job anymore very soon. Are others doing the same? I'd like to hear from you. Is there any new movement out in Phx at The Center? Still lots of new hires? Let's get a convo started here.