With the passing of founder John Sperling and with Peter Sperling (our absentee Chairman) now controlling the voting stock, are any of your departments or campuses running a pool to guess how long before the company is sold?
I think January 2015...
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Peter Sperling already had 51% of the voting stock. It was unlikely that while his father was alive that he would allow a sale. Now, all bets are off.
is an entitled TWAT
what makes you think Peter Sperling got all the stock? John could have given it to someone else or put it in a trust with very strict orders about not selling Apollo... Peter Sperling already has a huge amount of stock and money, he may have gotten zero...
They are going to be gutted before the board does anything. You can't sell when you are under a federal indictment, which is likely to come by summer 2015. Oh, the joyous day that will be. Layoffs in one month. More than 800 will be sent packing.
I would be surprised if we have to wait that long.