CCI has been trying to sell Heald since Darren Gold was brought on. That is the main reason why he was chosen.... Because of his experience and connections working in investment companies. But he couldn't get it done in the time he was here. Now CCI had to start over looking for ways to sell Heald. I have heard that already 3 major investors fell though in the past year and a half. That's 6 months due diligence per investor. How is CCI going to get it done in one and a half months since we are back to the drawing board
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I don't think Eeva is a man at all.
Poster said that Eeva was NOT a yes man
Clarification: the CCi board voted to sell Heald College in June 2014 -- not 18 months ago. It's noted in the June 25, 2014 8k filing. And if Eeva were the "yes man" the previous poster noted, then the following things would have occurred:
- No bonus for any Heald employee below executive leadership in 2010, 2011, and 2012.
2, instructors would be put on PIPs if their average course completion fell below 70%.
- The entire curriculum team would be fired, and we would use Everest's curriculum -- a goal articulated by both Rick Simpson and Beth Wilson of CCi.
Forced out
Did Darren Gold leave on his own or was he asked to resign?
You've got it all wrong. If Darren were a yes man he would still be at Heald.
I think Darren Gold was brought in, because he was a yes man. Eeva is not such a person, and so CCI needed a puppet, and so along came Gold.
Due to the economic turmoil, and extensive lawsuits, namely, the September 19th filing from consumer fraud for $568 million, how can Heald plan to insulate itself from liability? Heald Stockton, Heald Modesto and Heald Fresno were are mentioned. These schools, were specifically mentioned , as were the presidents for violating federal law in debt collection practices, by pulling students from class and going to their homes. Yes, Heald would be hard to sell currently with the September 19th filing, and many other issues. http://files.consumerfinance.gov/f/201409_cfpb_complaint_corinthian.pdf
They sold QuickStart "over the weekend" dirt cheap to pay salaries. If it took this long to sell an all cash paying commodity that's not on the radar of the AG or DOE or CFMP, then I'm REALLY worried. QuickStart had no baggage.
It's going to be tough as there are more reasons now NOT to buy Heald than there were 18 months ago. More lawsuits. More investigations. Companies are looking deeper into what they are buying into more than have before.