New purchaser Apollo and UoPX future is very bright. I cannot wait. Come on February 1st.
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Buyer/private equity is definitely the CLEANER. They make money, it's what they do, number one priority and to do that they will be gutting UOP. This is their mission, they buy companies for profit, they are vultures swooping in on dying companies. From the ashes of UOP. UOP executives see this as their last chance to get their golden parachute monies and to abandon the mess they made. Pretty clear they are not any kind of savior in that they don't care about the employees left at UOP, they care about their bottom line profit margin. Nobody is looking at for the worker bees at UOP. They want those worker bees to work hard and clean up all the accounts to make the UOP numbers/house look as good as they can for the BUYER. I wouldn't trust any of information they 'share' about quarterly numbers (they have cooked the books before). That is why the intense pressure from managers on the worker bees, clean up this place to make it look as good as it possible can for the BUYER. Working harder does not insure having a job. Pressure, pressure and more pressure on the workers to get things cleaned up and to also weed out and force errors (we are all human) to find who they can get rid of when the time comes. They will seek out the weak and break them. The numbers/matrix that employees are judged by are not consistent. Managers do not consistently judge their employees by consistent standards. One employee under one manager may be star, but if they are transferred to another manager, they suddenly fail because that manager is allowed to put their own spin on how they judge their advisers. Keep notes...file complaints before you are fired or as soon as you get the DM or the write ups if based on unfair issues. Make notes in files that managers have contacted you about. Especially accounts that have recoded to you and handled previously by other advisers. See if the ALL the advisers on your team are treated the same. Pay attention to the laws UOP is supposes to follow in handling their employees--ADA, FMLA, accommodations, time off allowed, how are you required to handle your students, or note your files compared to teammates, get phone reports, team numbers reports, CWEBs, ROCs notes/reviews written about you. Keep a journal. Do not go gentle into that good night.....Rage, rage against the dying of the light.
Camden- unfortunately the 'worker bees' don't understand- that's why leadership will always take advantage of the masses. It's been this way through the beginning of time through all ages, the workers have always been taken advantage of by management. Pity the workers who feel 'tapped', they are 'trapped' by their own limited thinking..so sad.
Given the level of corruption at HLC, I don't see the HLC has a barrier.
If the "merger" does go through, expect for "synergies" between University of Phoenix and Apollo Global Management's other assets.
Anybody who has studied Apollo Global Management knows how they operate and make profits. Much of their gains come from reducing labor costs.
Synergies=consolidation=reductions in labor.
HLC doesn't meet again until the end of February. Not likely to have a special meeeting just for Apollo before Feb 1. So no one knows what will happen then, because then the investors are not bound to any deal after the 1st. They stuck with it this long, so maybe they will wait on HLC too.
Starting the plain and simple facts smarta$$.
Such anger. Do you get out much?
So says the Profitability Fairy. Hey genius, if you are a stockholder, the highest price you can get is $10/share if the deal goes through. At a current price of $9.95/share, profitability through the ongoing, never-ending cost cutting may get you $0.02/share. Unless you are an institutional investor or a senior executive, Rise Up to go get your happy meal!
Profits rising. Earnings report January 9th. Will be third profitable quarter in a row. We Rise
Oh it's bright. Straight from the frying pan into the white hot flame of the fire!
I feel with the new owners UoPx is returning to greatness. Within 5 years UoPx will be back to 500,000 students heading for the million mark. Stock prices will be bouncing around the$100 to $150 range. Most major and global corporations will use UoPx for training and cut in-house training. The US government will do the same with its employees to save cash. Oh! Happy Days are here Again!!
For some good ol fashioned humor watch tonight's episode of IT'S ALWAYS SUNNY and prepare to be offended.
First thing private equity does is clean house, usually about 20-30 percent of workforce. Apollo Group is so bloated, it will be easy to let that many go in the first two months. Anyone thinking that private equity is their savior....Bwahahahahaha.
Be careful what you wish for. Corinthian Colleges employees couldn't wait for ECMC to save them and you see what happened.