Restructuring, multiple lawsuits, court ordered mediation, nothing seems to stop the down hill slide. Yet EDMC talks as if its all just a blip in the screen, nothing to look at, go back to work. Hmmm OK and checks in the mail?
No Pay for substituting Classes...Wish I Knew That Before Subbing for a Class....
I was just informed that I would not be paid for subbing for a class...WTF??? Oh, it'll be part of your release time/admin time or whatever they are calling it these days... So when did that policy take effect? Was anyone going to tell us or just... — read more
Slow Motion Implosion
EDMC is following the same path as Corinthian Colleges. Take a look at the COCO story.
Lawsuits
Nothing is going to happen to the company so what if there are 10 lawsuits in 1 week. I will believe layoffs and changes when I see it. Get over yourself and get back to slaving.
Make that the 5th lawsuit filed this month. How is that ambulance chaser theory working out for you?
The lawsuit contends the company's earnings statements have obscured the fallout from EDMC's running battle with the Justice Department and an effort by the Securities and Exchange Commission to subpoena its records last year, causing its stock to... — read more
4th Lawsuit Filed this month!
Lifshitz & Miller announces an investigation into possible breaches of fiduciary duties by the board of Education Management Corporation ("EDMC"). Specifically, on September 16, 2014, the Company announced that it would file its annual report only... — read more
Now what?
http://finance.yahoo.com/news/pomerantz-law-firm-announces-filing-223717509.html
Layoffs?
Did anybody else here that layoffs will be coming to the Online Divison this week?
SHAREHOLDER ALERT - 3 lawsuits filed against EDMC in just the last week. Nice going EDMC, takes a special kind of stupid to make that happen.
Shareholders are not happy and it looks like 3 different law firms are investigating the shenanigans EDMC has been up to all these years. Imagine if you bought stock at $27.99 and under the expert advice of seasoned management your shares are now... — read more
Anything new...
in Phx??? Are they still hiring advisors there?
Block & Leviton LLP Investigates Education Management Corporation After The Company Revealed It Would Delay The Release Of Its 10-K
Cue the clown music
Two new lawsuits filed on the same day?
Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Education Management Corporation and now there is this Pomerantz Law Firm Investigates Claims On Behalf of Investors of Education Management Corporation - EDMC
Chalk up another lawsuit today..
http://finance.yahoo.com/news/shareholder-alert-pomerantz-law-firm-153900207.html Listed below are the sections from the Securities and Exchange Act of 1934. •Section 10b and Rule 10b-5: These are the principal statutory weapons against fraud... — read more
KKR buys EDMC?
Any truth in this?
Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Education Management Corporation
from Yahoo, CNN, etc Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Education Management Corporation ("Education Management" or the "Company") (NasdaqGS: EDMC). The investigation... — read more
EDMC Late on Earnings Report
"For-profit education companies Education Management Corp and Corinthian Colleges Inc said they would not be able to file their annual reports on time. Education Management said it would be able to file the report only after resolving issues with the... — read more
Corinthian College gets into yet another lawsuit by the Consumer Financial Protection Bureau. Stocks plummeted after the news.
"alleged that Corinthian lured its students to take out expensive federal and private loans by giving them false and misleading representations about career opportunities and job placement assistance." Sound familiar?... — read more
You might want to check out CCI's board on this site
You guys are going down the same path
John oliver on education
http://m.youtube.com/watch?v=P8pjd1QEA0c
Education Management (EDMC) to Delay 10-K Filing
http://www.streetinsider.com/Corporate+News/Education+Management+%28EDMC%29+to+Delay+10-K+Filing/9838041.html
Student Loans for Argosy, Art Institutes et al.
Does EDMC have the same issue with student loans that Corinthian Colleges had? If EDMC students are defaulting in large numbers, what do the loans look like? Where are the loans originating? What are the interest rates and fees? Wow are the loans... — read more
argosy management
here is your leadership. that "real shit" doesn't include being good at your job. or musically talented. BLAHHHHH https://www.facebook.com/Amuck412
Hobby Meetings...
Are they really just about the survey results?
Quarterly Earnings Report
Has it shown yet?
DOJ Criminal Prosecutions in the Future?
“Certainly, there are cases where you also want to prosecute the company,” Caldwell said in an interview last week. “But I think you get the best outcome -- really across the board in terms of deterrence, in terms of the message to the public -- when... — read more
Students Feeling The Pinch! And then Some...
Today our teacher came into class and said that we were no longer permitted to print or copy class related documents at the school. She said she would have to print the stuff out if she wanted us to have it due to budget cuts! Then she said on days... — read more
Count Up
Is everyone else tired of application count up? If it were sales job yes I can see but we are supposed to be recruiting students that succeed they are not a number. We should have a cancel count up to of who cancels students all the time.
Will Advising be moved to Phx this year?
We have heard tons of rumors that this will be happening by 2015. Many reliable sources and some questionable. Please reply if you know anything about this. Thank you in advance.
Q4 EARNINGS DELAYED UNTIL SEPT 17TH NOW
Any other thoughts on why it is taking them so long to get this report out. It isn't rocket science, they lost money....again.
Asking Again about Earnings Report
Does anyone on the inside know when EDMC will release its Earnings Report? I don't even see a press release for the event. I know that much of the bad news is already out, but minority investors such as the Ontario Teachers Pension Program (OTPP) may... — read more
ACICS Question
We are doing our CEP and on graduate surveys. Are graduate surreys conducted 90 days after graduation or 90 days after a graduate has been placed? I'm getting conflicting answers. In one of the effectiveness manuals, it says specifically graduation... — read more
Lincoln Tech needs to start discussing things openly
Hey guys, no posts here - let's start a discussion - they deserve it as much as we do, let's say each of us posts a short blurb: http://www.thelayoff.com/lincoln-tech
http://pevc.dowjones.com/Article?an=DJFLBO0120140908ea98p0yiq&cid=32135028&ctype=ts&ReturnUrl=http%3a%2f%2fpevc.dowjones.com%2fArticle%3fan%3dDJ
Sorry, here you go.
according to http://pevc.dowjones.com/Article?an=DJFLBO0120140908ea98p0yiq&cid=32135028&ctype=ts&ReturnUrl=http%3a%2f%2fpevc.dowjones.com%2fArt
What will WE see by the end of October?
art Institute Salaries
Is it possible that a Director of Career Services can earn as high as 6 digits in California for the Art Institute? I typically see docs earning 65-maybe 75k in northern ca as a docs. Can someone confirm or give arrange of realistic salaries?
Changes??
When are changes going to start happening?