I can't wait until this awful company reaps what it has sown. These crooks need to be locked away for all of the damage they have caused! We should start a petition to have the DOE shut these crooks down.
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Nah, there are plenty of crooks left there - don't be fooled.
Well said about Goldman, and so true. I was a faculty there when it happened. I taught for over 30 years and have seen it all. So sad that all the hard work by so many in the past has to end up this way because of the greed of a few.
what few ex-students/emplyees that bitch on here don't understand is that the crooks left long ago. The previous board members / stock holders who jumped with all the cash after pushing the company into illegal activities to raise the company value.. Goldman Sachs who squeezed every penny out of the company and bailed to the creditors and now the few people left are keeping the place afloat. I think it would be best to break up the company, sell off the Art Institutes to a private buyer and dump the rest. When the company was privately held it invested back into the campuses and programs. Going public was the beginning of the end. Add Goldman and the reputation was doomed. Will the feds let it crumble? Perhaps, however there would be thousands of students left without degrees, more debt and no money to bail them out. Heads should roll at Goldman but of course that would never happen. EDMC was forced to open campuses and on-line divisions to make the stock soar- they should of never grown past 15 or 20 campuses. 50..what a joke. On-line education, terrible. Dedicated instructors and alumni were held in high esteem in the local market...this slow death will undoubtedly destroy that good will with employers.
It was a petition where 25000 signatures asked to investigate and closedown EDMC. The petition was even delivered to
Congress to Senator Dick Durbin
Our idiot government had them by the balls then let them go. They should have put them out of misery when they had the chance.
Good idea, I'm sure no one has ever done that before...