Thread regarding Education Management Corporation layoffs

You guys know Ed isn't the CEO, right???

Angry Employee, it sounds like a nerve was struck. I actually do know very well what I a talking about. You want to bring up the "new attendance policy" but fail to mention how many times during the past 1 1/2 years the policy has been changed, interpreted, ignored, etc. You also seem to put a lot of words in my mouth by simply acting out on emotion. Hopefully your campus is an exception and one of the shining stars. If it is then I doubt very seriously there will be any issue so you have nothing to worry about. But you also failed to mention that there are several brands. While AI may have their act together, as you point out, many others do exactly as was stated. By the way, at least one of the AI campuses is under severe financial monitoring so I assume you are only speaking for your school.

Be angry all you want. It doesn't change the fact that EDMC created the problem by the way they do business and "force" others to follow their orders. Just last year they threw a number of employees under the bus for doing exactly as they were instructed, before the schools were investigated for some type of negligence. I believe those were AI also (out west). Check it out for yourself. It's all public record. By the way, I am not against "for-profit" education. I am for any education that allows people to enhance the quality of their lives. I am against those who take advantage of others for personal, monetary gain. I guess you'd have a problem with all the 13 states who also filed suit for the same issues though.

In response to this post: "Ed, let's be real. This wasn't a milestone that was achieved for our students, etc., this was a burden you were forced to contend with because you and your business partners took such disrespectful advantage of the underprivileged that someone finally called you out on it. It's also a reason the AG's have been watching and so many lawsuits have come about...."

You really don't know what you are talking about, do you? I think you should properly identify yourself as someone who is really just against for-profit schools because if you were actually an employee you would know half of what you are saying is BS! Shame on you! Have you not heard of The Art Institute's new attendance policy...helllloooo?? Do you not pay attention? It is impossible to say that Ai is just passing students regardless of whether they attend or not when that is a load of &$^*(. I mean- how come you truly know so little about what is going on inside Ai right now??? Additionally, I know my Campus President is certainly not a coward as you so sweepingly claim. He has the respect of his employees and though times are difficult, the majority of our staff actually DO believe they are making a difference- and you know what? If you actually knew what the heck they did on a day-by-day basis to meet and help students it would be impossible for you to claim otherwise.

So- I don't know what the heck your basis is for this opinion, but it sure 'aint mine- so DON'T LUMP EVERY CAMPUS, EVERY SCHOOL TOGETHER. Just like ANY institution that has multiple campuses and locations- some campuses are probably better and some are probably worse. Some are managed better than others- and I happen to be at one that is- thank you very much!!!!

All of the staff at this campus laughed at this email. We just want to know when we are closing down. At least when to stop letting people apply here and stop the madness.

EDMC is a disgrace.

All of the staff at this campus laughed at this email. We just want to know when we are closing down. At least when to stop letting people apply here and stop the madness.

EDMC is a disgrace.

in our plan to transform EDMC into a financially sound company? What about the Students Ed? This is a College Right? Big Joke and scam schools that all need to be closed down! Especially Brown Mackie Colleges which are the worst of the worst.

Ed, let's be real. This wasn't a milestone that was achieved for our students, etc., this was a burden you were forced to contend with because you and your business partners took such disrespectful advantage of the underprivileged that someone finally called you out on it. It's also a reason the AG's have been watching and so many lawsuits have come about. Honestly, you can't really expect that you can polish this stain so much that everyone actually believes we've got a better and more improved product do you? The fact remains we are still enrolling students who cannot read, do not understand basic math and are fortunate if they can EVER find work because of their jaded past. Please, don't insult us with some small sampling of students who somehow received an opportunity after having a checked past. They are few and far between. Also, even if employers say they will interview felons or people who have criminal backgrounds does not mean they will hire. In actuality, they probably won't hire. It's no different than the NFL HAVING to interview a certain number of minorities to meet a rules obligation.

Let's just focus on these two statements you made; (1) "completing this transaction puts another forbidding issue behind us in our plan to transform EDMC into a financially sound company. (2) We have many extraordinary institutions, and we must all be laser-focused on providing a high-value, differentiated education in this changing marketplace." (1) Short and sweet - the only way to become financially sound with such poor enrollment numbers and decreasing student body is to close campuses. Can you really offer another suggestion that makes sense since it takes money to pay the rent and everything that goes with an open brick and mortar location? (2) What is our high-value, differentiated advantage or offering? People who care? Come on...if you really believe that then you haven't visited a campus and asked the right people their opinion. People may "care" however, they care for their ability to survive more than the best interest of the student. Students are passed often times without having come to class or turned in any significant work. Often times they sit in the class and get graded simply for being there. All this because employees are told to pass them "no matter what" because the school can't afford to drop below a certain number of students or because retention is a metric someone gets judged on. Then these wonder students get to go out into the real world and get a job (enter the career services team). Who do you think the ultimate judge is for these wonder children? It's the employer who gets to make a determination of their suitability. Here's an idea, why doesn't EDMC make a campus that is staffed with nothing but BMC grads and see how it performs? Since you have so much confidence in the quality of this educational entity it should be a very profitable campus. Here's another challenge, why don't you let some of the nursing students care for your kids, grandkids and older family members? Again, it's the product you sell, you should have the confidence to use it yourself.

Ed, many of the GVP's and campus presidents are a bunch of cowards who will never tell you anything that you need to hear. They will always tell you what you want to hear though. Your restructuring nonsense is just fodder to appease those who don't know any better. The truth for this company to actually survive involves you (with whatever pull you have now since being repossessed) having the guts to see things for what they really are instead of just chasing the dollar to pay your high level wages and bonuses.

87882 share pf EDMC traded thus far today and it wasn't done on paper. I bought it electronically on my iphone app thru etrade... what the do you know?

Anonymous90816

OTC is not electronic and this is not even remotely related to arbitrage, seriously go to a bar and misrepresent yourself to some gal/guy this board sees you coming

I guess you don't understand the arbatrage game. on 500 share stock only needs to move 1.5 cents to cover cost of transaction, broker doesn't care it's all electronic.

I'm sure your broker loves placing otc buy orders for 100 bucks lol chump

The stock is sold otc. ( over the counter). Just place the buy order ( set a limit) with your broker. Kkr ca gamble with a billion. I can gamble with a few hundred. Word

The stock is sold otc. ( over the counter). Just place the buy order ( set a limit) with your broker. Kkr ca gamble with a billion. I can gamble with a few hundred. Word

So 90463, just a question, since the stock is not on the board and only counter traded, just how did you buy your $107.00 worth of stock? Maybe the EDMC bullshit saturates from top to bottom?

Hide under your desks you less than government employees, now there really will be layoffs, hahahahahaha

I wonder if any of these new board members have much or ANY experience in dealing with higher education... My bet is NONE...

Bad news ceo ed staying on...what a waste

Crash and burn EDMC!

Same old stuff . . . It's a shame that you got rid of the outstanding employees and kept the lazy employees. You need to do a better job of down sizing your current employees who are not performing on the job.

http://www.theamericandissident.org/pc.html

Go to this link to read more about Dahn

Blah blah. ..restructuring/down sizing soon to follow

How much did they buy John M. Danielson for?

Thanks for the news, just picked up another 500 shares