Thread regarding Corinthian Colleges Inc. layoffs

What is the real value of the CCi group of schools?

The value of the company is not the leases, not the tables and chairs and not even the curriculum. It is the people. If you consider the expertise from RVP down, there is value (don't confuse personalities with expertise). A new company with a new perspective on how a private college is run can turn this ship around very quickly.

There are no evil people in our company (not even Jack) but there are issues around marketing - who and how we target people - and, placement how we report and use the placement data.

Don't let the trolls tell you otherwise. A better managed company has purchased us (the announcement is the last thing to be done - they aren't hiding information, just negotiating the fine points) and they will change the way we operate. This isn't fantasy - it is business. Ask yourself this - If you were CEO and could call all the shots, could this be a great company? If the answer is yes, then smart business people will see that too.

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| 591 views | | 9 replies (last November 17, 2014) | Reply
Post ID: @OP+yBc2XkN

9 replies (most recent on top)

being an ethics instructor at Everest is like being the coach of the downhill ski team in Cuba.

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Post ID: @1Pql+yBc2XkN

Irony...being an ethics instructor at Everest. Although, I haven't instructed that course in a long time...I wonder why.

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Post ID: @1C11+yBc2XkN

Intentional or not, the actions and results speak volumes. Whether by design or default, the company created and/or allowed allowed what can most favorably be described as highly questionable, unethical practices. Executive management is acccountable for that. They may not have planned to be greedy and corrupt, but that is what they became. Perhaps an exercize in semantics, but I am unwilling to give our leadership a pass. 866: as an unbiased business person, here is what I see: shrinking enrollment, mounting legal issues, multiple regulatory and AG investigations and badly damaged brand equity. The analogy is that Warren Buffet buys fixer-uppers with forseeable value. He does not buy burned-out shells on the verge of collapse.

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Post ID: @1n2b+yBc2XkN

868 is right. Leadership is not intentionally "evil" for the most part. Unethical behavior became acceptable over a period of time, and so did a lack of respect for those "outliers" who objected. Rather than consider dissenting opinions about unethical decisions, leadership leaned in the direction of fraudulently derived profit. And dispensed with many who understood the truth of what was happening for fear they would interrupt the flow of $$$. This was a preventable train wreck.

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Post ID: @1QKA+yBc2XkN

There was not some master evil plan concocted by Jack and the ELT that got CCi to this point. It was decisions, large and small, made everyday by literally thousands of employees. These decisions were and still are anchored to CCi's culture of fraud, deceit, and predation. This won't change with a change of owners / managers.

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Post ID: @2SV+yBc2XkN

My point is to not look at it like a disgruntled employee, Look at it like an unbiased business person.

When the stock market crashes, most people look at it like a catastrophe while Warren Buffett buys stocks because the are on sale - we are on sale.

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Post ID: @Uow+yBc2XkN

That's cute, but do you really think a school that has done all the crappy things that CCI has deserves to just move on as though it never happened? We've broken laws. We've committed fraud and lied to students and the government. We're damned lucky the DOE didn't shut up down this summer. People should be in jail.

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Post ID: @OwG+yBc2XkN

Please spend a little less time chasing unicorns on rainbows and drink from the well of reality.

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Post ID: @2JE+yBc2XkN

Lol.

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Post ID: @H8y+yBc2XkN

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