Thread regarding Corinthian Colleges Inc. layoffs

Executive compensation

The top executives received just over $6 million in compensation last year. Even after 3 years of negative financial results, including massive layoffs, these top executives still received almost a 6% raise, and were paid bonuses of more than $1.4 million.

Top executive compensation

Jack Massimino, CEO, $3 million

Ken Ord, EVP, $1,031,000

Beth Wilson, EVP, $877,786

Stan Mortenson, EVP, $787,816

Robert Owen, CFO, $784,000

According to Business Week, these executives all stand to receive a "windfall" if the company should be sold.

by A defunct professor
| 552 views | | 6 replies (last July 5, 2014) | Reply
Post ID: @OP+wqxRbgz
Comment! It's anonymous!

6 replies (most recent on top)

Someday the ELT will be identified by name in either DOJ prosecution or a documentary called "CCi - dumbest guys in the room"

by Anonymous18247
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Post ID: @1pup+wqxRbgz

Prime example of bleeding the company while they knew all the while it was sinking. Good riddance!

by Anonymous18246
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Post ID: @1p78+wqxRbgz

Hey Beth - can you float me a loan?

by Anonymous18117
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Post ID: @Db5+wqxRbgz

It only has 6 months and the govt has a monitor whose only job is to ensure CCI sells what it can and to shut down the rest. Layoffs will start immediately and will continue until the six months ends.

by Anonymous18111
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Post ID: @iB4+wqxRbgz

The company should be sold, but likely it's not going to be...

by Anonymous18110
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Post ID: @jZP+wqxRbgz

I disagree with your assessment regarding a windfall. CCI has way too many liabilities at this stage that, by law, are first priority to be paid after ANY sale. The government is now so far up their ass they are tickling their tonsils. Whatever those crooks already were able to swindle is all they are going to get.

by Anonymous18108
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Post ID: @xnb+wqxRbgz

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