will be based on? If you have a masters, will this impact how much you make? The same goes for vacation. If they reset it to two weeks regardless of years of service, I am out the door. Please elaborate on when this is supposed to happen.
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[Forgot to put my address in] @HhMi57B-dlxh, last year, Apollo Education Group had about $702M in cash and cash equivalents. It was down to $579M by February 2016..........................................................http://finance.yahoo.com/q/bs?s=APOL
@HhMi57B-dlxh, last year, Apollo Education Group had about $702M in cash and cash equivalents. It was down to $579M by February 2016..........................................................http://finance.yahoo.com/q/bs?s=APOL
Hi....can someone tell me how much CASH U OF PX has in the bank? JUST CASH ONLY ?
The buyout still has to be approved by federal agencies..read the buyout agreement on SEC site. There is language in there that may assure wages for 1 year and then the squirrels will madly be running in the cages in that 1 year to reduce long term, experienced staff or offer reapplication to your current job to be re- hired to new company at lower salary or rehire off the street because long term employees have ' seen' too much and might be interviewed in several Federal investigations...move out the 'old' bring the new Remove the jaded.
They are creating new titles with new job requirements which allows them to circumvent everything you just said.
You are right...more layoffs in the next 1-3 yrs and finding reasons to fire you.....way over staffed and the fastest way to profitability is to replace you w someone else for much less pay, benefits, and vacation and it is easier than finding ways to increase enrollment....like spending more money on advertising,etc....especially if they are losing millions per quarter....if you got a business degree u have to read between the lines......you need a damm mba to figure it out....lol
This is false.... If a company is sold, they can't lower your income. However, they have the right to restructure benefits... Salary is protected... If they try to change... This new company will have quite a bit of lawsuits already
The first step is to eliminate 30% of the employees. Believe me, been there before.
@HhMi57B-1hdu, although it is really a friendly takeover, all the SEC documents call it a "merger." You are probably right as far as who will be in power. The ideal scenario for Apollo Global Management is to cut costs, strip it of assets it can use, make the company look profitable, and sell it off as soon as possible. The easiest and fastest cost to cut is labor--especially because University of Phoenix workers never organized. That's what vulture capitalists do. It should be interesting to see who actually does the managerial work--and what kind of backgrounds they have. At ECMC, David Hawn brought in a team that workers eventually considered incompetent--a mix of cronies, old timers, and people who were clueless about higher education--and called them Zenith. You are also right about recruiters and advisers. In terms of the work they do, there are many people who will take the job for lots less.
@thismergersucks you are an idiot. The merger is not a done deal. All that has happened is that the stockholders voted yes to sell apollo education group. The sale still has to be approved by the HLC, FTC and DOE before it is an ACTUAL SALE. Also, we are not having a merger, we are not combining two or more companies into one big one. We are being SOLD. Instead of having that idiot Greg telling the idiot "president" of the University what to do, it will be some other idiot. Also, no other college or university pays their advisors the way we do. We do not actually do anything that some idiot off the street can do for minimum wage and probably do it better then most of the advisors that we work with.
If you are so worried about your precious over paid job and think that your delusional merger sucks, do us all a favor and go find another job.
Odds are, you are out the door anyways. Even by drastically cutting salaries, Apollo is still WAY overstaffed. The current student count is near the same as they had in 2002, with 7,000 FEWER employees that made LESS then $35,000 a year. The "basis" of determination is that the organization will be losing money for at least a couple of years and that they still need to cut employees, drastically. The era of UOP is over.