Thread regarding Corinthian Colleges Inc. layoffs

Barclays bought Lehman Bros and essentially cleaned ALL of the house of people

Folks, you really need to find a new job. Lehman didn't stop operations on the day they filed bankruptcy and started the largest financial meltdown ever recorded. Any investor who buys a CCI entity will clean out the CCI and place it's own folks there.

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| 571 views | | 3 replies (last June 24, 2014) | Reply
Post ID: @OP+wgrukQd

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They will not rush in to fire staff and faculty. The accreditation agencies do on site visits and no one wants to risk upset students or staff unless the relationships with students are toxic already. Most campuses have gone to the bone already on staff. The goal of the new owner or owners to focus on the most well run and compliant schools and convince the DOE to let them introduce new programs for growth that will exceed the gainful employment thresholds (even though they technically do not have to at this point). That will actually lead to modest growth for the ground locations. There may also be some rebranding. I would guess Heald will stay but Everest will go away as a branding name.

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Post ID: @bEx+wgrukQd

This is true in financial takeovers, but if private equity or another umbrella corp buys a brand, they won't shake up much other than possibly senior mgmt. continuity will be critical for doe and accrediting bodies.

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Post ID: @cBS+wgrukQd

Well, it's not some kind of rocket science - we all know if we get bought that the entity that takes control will try to cut costs as much as possible

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Post ID: @l35+wgrukQd

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