Anyone know what schools are going to be getting closed down? How many and what state Locations?

On June 13, 2014, Danny D. Finuf resigned from the position of President - Brown Mackie Colleges. Mr. Finuf’s resignation is effective June 20, 2014. Here we go!

Just curious, what's different about us?

It has been verified that as of June 25-26th that EDMC's Greentree location in Pgh will be closing down. Roughly about 250 employees and the VP has already left her throne. It has been rumored that about 20% of EDMC in general will be impacted... — read more 

Any news for 2014? I know we had layoffs before.

Hundreds were let go throughout the states

Edmc shutting down 5/28/14 at 6pm!!!

"A recruiter for an EDMC school wrote about sleepless nights remembering how he "manipulated (a) man's religious beliefs, hopes, and fears" to get him to enroll in a graphic design program he knew the man could never manage or afford to... — read more 

"Speaking on a conference call Thursday, EDMC Executive Vice President/CFO Mick J. Beekhuizen, said as of March 31 the company is in compliance with its financial governance, however in light of its current financial outlook, EDMC (NYSE: EDMC)... — read more 

"The company, partly owned by Goldman Sachs Group Inc. and Providence Equity Partners LLC, will “likely not satisfy” terms of its credit accord this quarter and has hired a financial adviser for discussions with... — read more 

Be prepared for a bloodbath. Goldman Sachs is ruthless.... http://finance.yahoo.com/news/goldman-school-operator-seen-equity-040058171.html

http://www.bloomberg.com/news/2014-05-06/corinthian-says-it-breached-terms-of-bank-covenants-1-.html?cmpid=yhoo....."On May 1, (2014) Education Management Corp. (EDMC) said a capital restructuring will probably put it in breach of its covenants."

http://www.huffingtonpost.com/davidhalperin/for-profit-colleges-spend_b_5221407.html...."Education Management Corp. (EDMC) spent: $60,000 on Barnes and $70,000 on Prime Policy Group, with a lobbying team headed by Charlie Black, long-time GOP... — read more 

KY AG Jack Conway talks about FPEs as "boiler room" operations.... http://www.bloomberg.com/video/kentucky-ag-conway-on-online-for-profit-colleges-_Pw039y6T6OtrD1HmjwQ6A.html?cmpid=yhoo

http://www.huffingtonpost.com/davidhalperin/more-probes-oversight-and_b_5087391.html.....EDMC, the second-biggest for-profit college company after the University of Phoenix, announced Tuesday another round of layoffs -- 200 staff nationwide will be... — read more 

David Halperin's "Stealing America's Future: How For-Profit Colleges Scam Taxpayers and Ruin Students' Lives" is available at Amazon.com. EDMC is featured in the e-book.

Dr. Suzanne Mettler's latest book on for-profit colleges, including Goldman Sachs' EDMC..... http://opinionator.blogs.nytimes.com/2014/03/01/college-the-great-unleveler/.....some reviews: Thomas E. Mann, author of It’s Even Worse Than It... — read more 

http://www.bloomberg.com/news/2014-02-24/s-p-lowers-education-management-s-rating-on-enrollment-decline.html?cmpid=yhoo...S& P reduces EDMC credit rating to CCC+

http://www.post-gazette.com/business/2014/02/23/Under-False-Claims-Act-whistleblowers-get-their-share-of-billions/stories/201402230084.....Now Pittsburgh is starting to become a bigger player in the multibillion-dollar False Claims Act arena, reeling... — read more 

That's pretty much it. Check out UOP's page on this site.

Read between the lines..."we have been implementing various process changes and cost reductions, and now expect between $120 million to $125 million in cost savings this fiscal year, up from previous... — read more 

http://www.huffingtonpost.com/davidhalperin/state-attorneys-general-o_b_4677145.html?utm_source=Alert-blogger&utm_medium=email&utm_campaign=Email%2BNotifications....."The house of cards built by the worst-performing higher education sector --... — read more 

http://triblive.com/business/headlines/5225053-74/edmc-argosy-million#axzz2pJSvmoHL....Education Management Corp. agreed to pay $3.4 million to settle civil claims that one of its for-profit universities misled students pursuing doctorate of... — read more 

what do you guys think?

EOM

Just go check out UOP's page here - Education Management Corp. continued its cost-cutting last week with a systemwide reduction in corporate staff of almost 500 jobs. Tyler Gronbach, senior vice president of corporate communications, confirmed that... — read more 

The layoff in june was rediculious. 1 week prior an all staff meeting was held telling everyone there were financial issues, bit no layoffs coming inbthe near future. It was a lie we already had a list prepared. Over all the layoff was 10 precent... — read more 

Education Management Corp. announces cost-cutting layoffs June 29, 2013 12:10 am By Patricia Sabatini / Pittsburgh Post-Gazette Education Management Corp., the struggling Downtown-based operator of the Art Institutes, including the Art Institute of... — read more 

Numerous people were let go at EDMC on June 27, 2013. According to an article on the Post Gazette, the percentage was something like 10 percent. Employees whose jobs were eliminated were given absoltuely no explanation for why we were eliminated but... — read more 

I go to AI in Fort Lauderdale, and when I heard the news about another round of layoffs I was devastated. There are no teachers left to teach me next quarter. Almost all the amazing Professors were let go elsewhere, and they are being snapped by... — read more 

I used to teach at AI. Now I am glad I didn't take their full-time offer. Loved the job but the way they ran the place was ridiculous. They treat their academic directors like dogs and pay their part-timers chump change. The place had so much... — read more 

If these guys are serious about protesting, and they should, then there are powerful forces that would likely be allied with and support them. These are valuable jobs that are being lost due to the malfeasance of Nelson, West, and McKernan. The... — read more 

I'm about to graduate from AI Atlanta and am glad I found this article. I too lost some teachers very dear to me and also a portfolio advisor - someone whom I depend on to graduate. Our campus is in the process of laying off 62 employees. Along with... — read more 

I graduated from an accredited AI with my Bachelor in Fine Arts in Fashion Marketing. I do have to say it was over priced, but I would say my professors were much better and more attentive than the ones I had at the state university I went to. My... — read more 

I currently work at one of the Art Institutes and will be putting in my notice soon. We have not been informed of what faculty/staff will be affected by the layoff and our campus President and Admissions Director have both stated on numerous... — read more 

Don't forget culinary when it comes to layoffs! EDMC canned all of the Ai Purchasing managers, Storeroom managers and Storeroom supervisors and is now "allowing" them to reapply for the same job with the title of culinary clerk at a greatly reduced... — read more 

I was recently laid off from EDMC and at first was very upset, but in prespective, I am actually lucky to not be a part of an organization under such scrutiny. I have been an employee for numerous years and was very proud to be a part of an... — read more 

I worked for EDMC for 3 years. Rose through the ranks and was making 75k. I realized how shady the admissions dept really is. They HAVE TO MAKE PLAN. Which means each semester they have a quota of students that must be enrolled. NO MATTER WHAT. They... — read more 

This is what comes from treating education as a commodity. I taught mathematics at South University (another EDMC subsidiary) and it did not take long to realize that South University was not just "for profit" but for "maximizing profit". A lot of... — read more 

I used to work for EDMC for years and I would like to just say once again, ' I PREDICTED THIS' 5 years ago when Nelson took over. I did what I could to try and communicate to the executives how to do it the right way but was just pushed aside. So, I... — read more