Thread regarding Corinthian Colleges Inc. layoffs

JackAss parachute scheme

From the rumors I've heard, here are the plans: a group of CCi execs "purchase" Socle for a few bucks, taking a lot of CCi's proprietary software with it. The group also purchases QuickStart Intelligence for cheap in some rumors. Once purchased, Socle becomes the new branding for a full-service proprietary education consulting company (I imagine presentations like "How to Fleece Taxpayers in Three Easy Steps"). The execs, still in charge of CCi, sell the more valuable properties (such as Heald) at way below market price, with the provision that the new owners must use Socle services for a set number of years. Therefore they, in effect, transfer what would have been part of the purchase price into their greedy little hands. I've heard that was the same trick that Global pulled, that it was started by the owner of several schools that CCi wanted to buy so an agreement was made that CCi had to use Global services for 15 years or something. We started SFS immediately when the contract was up. Even though SFS/Socle hasn't been that great, I think we can all agree it was 100% better than Global FAS. That's because Global didn't have to provide good service, since we had no choice but to use them. Jack & Co remember that deal and are incorporating it into their own sleazy plan. They really expect to make out like bandits while the rest of us are screwed. I've heard other rumors that Fitzgerald does nothing and has no clue what's going on, so they may get away with it.

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| 571 views | | 4 replies (last September 20, 2014) | Reply
Post ID: @OP+xGJL4CY

4 replies (most recent on top)

Anonymous3911 - oh, I see. You're saying you're upper management and know all about it, but three words should suffice to stop our interest in this. It doesn't help your case that Socle idiots have been posting hints about this for months, and that we know Socle is "immune" to supply cuts and furloughs, and just hired 40 new reps. We know something's up.

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Post ID: @GW0+xGJL4CY

This again? It's not true.

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Post ID: @1es+xGJL4CY

Wouldn't put it past them. Jackoff's a CEO for a reason. He knows how to Rip Off the Govt. He's not losing his Sugar Momma! There's more money in servicing than owning a school. That would also explain them hiring 40 Reps. for SOCLE. Dumb asses should be hiring for Career Services. Fitzgerald has no clue what they're hiring for. Don't want to piss off SOCLE peeps that's why NO FURLOUGH!

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Post ID: @lPk+xGJL4CY

Wouldn't put it past them. Jackoff's a CEO for a reason. He knows how to Rip Off the Govt. He's not losing his Sugar Momma! There's more money in servicing than owning a school. That would also explain them hiring 40 Reps. for SOCLE. Dumb asses should be hiring for Career Services. Fitzgerald has no clue what they're hiring for. Don't want to piss off SOCLE peeps that's why NO FURLOUGH!

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Post ID: @yVd+xGJL4CY

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