Thread regarding Corinthian Colleges Inc. layoffs

for the folks that missed this, as most went home early.

From: Blas, Cori

Sent: Wednesday, November 26, 2014 2:26 PM

Subject: Update from Dave Hawn, ECMC Group CEO

This week, eight members of the ECMC Group team and I visited Campus Support Center to begin discussions with key CCi leadership on the transition process. We divided into integration work teams and began prioritizing. We have a complicated and challenging job ahead of us, but the more time I spend with many of you and your leadership, the more confident I am about our eventual success.

I know you are curious about this process so it is my intent to communicate to you the progress of our teams, especially the decisions we make about staffing, employee benefits and services to students.

Our first discussions were about keeping campus employees focused on student education and job placement. We value the expertise you bring to students in the classroom and the leadership roles you play on campus. Therefore, I want to assure you that we anticipate very little change occurring at the campus level.

We also spent significant time reviewing employee benefits with the goal of keeping them consistent with what’s offered today. During the next few weeks, we will have a better understanding of which benefits will change. We feel very good about the health benefits offered at CCi and expect little to change in this area. However, there will be a more complex discussion about the 401(k) retirement plan as ECMC Group is a nonprofit organization and rules differ. We will have more information about this benefit in the coming weeks.

We also began discussions around key positions above the campus level and across the Campus Support Centers. By the end of next week, we will determine staffing needs and identify those positions that will transfer to ECMC. We intend to communicate to you with certainty by extending offer letters by mid-December.

In the meantime, if you have questions or concerns, please forward them to your campus leadership or EVP in charge of your function.

On this Thanksgiving eve, I want to thank you for giving your very best to students every day. From everyone at ECMC Group, our wish for you is a Thanksgiving spent with family, friends and filled with memorable moments. Whether you will be traveling or staying home, have a safe and happy Thanksgiving.

Dave Hawn

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| 642 views | | 12 replies (last November 28, 2014) | Reply
Post ID: @OP+yLcDzn0

12 replies (most recent on top)

674, anyone who has done a simple Google search on ECMC saw the Bloomberg article interviewing ECMC CEO in regards to the $545,000 earned by their top collector, you show your ignorance every time you post before you think

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Post ID: @2SHU+yLcDzn0

Debt collectors are profit centers. CSC positions are mostly cost centers. Big difference.

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Post ID: @2wFh+yLcDzn0

This is not meant to be a slam on ECMC. All I am trying to prove is that they have a culture of payment for employees who overperform. So everyone just relax.

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Post ID: @2QCF+yLcDzn0

Mandelman’s $454,000 was more than double his pay in 2006, making him ECMC’s highest-paid collector, tax records show. Four other debt collectors took home between $301,000 and $389,000 in 2010.

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Post ID: @2eKk+yLcDzn0

Lol...prove that

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Post ID: @1SGx+yLcDzn0

They have debt collectors making $500k per year. You guys have no idea what you're talking about.

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Post ID: @1cwY+yLcDzn0

628 is right, most of us are overpaid. They will eventually get around to evaluating everyone. Sounds like they are starting quickly, first with regionals and division people. soon, the campuses

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Post ID: @DvH+yLcDzn0

59628 yes to everybody got it atEUO Online. Amazing that lot of people do not see it as an easy RIF. ECMC does not need all of us So some (a lot ) of us will not get offers & those that do it will be at "market" wages. In the new ECMC world we are overpaid for the job they expect us to do.

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Post ID: @agz+yLcDzn0

To all mail users?

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Post ID: @caJ+yLcDzn0

Hopefully they evaluate the Directors of admissions for online. Some of them are the biggest sharks that caused this problem.

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Post ID: @LFa+yLcDzn0

Everyone has problems..ecmc is doing a full evaluation..FULL.

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Post ID: @8Fp+yLcDzn0

sounds like the regionals have got problems.....

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Post ID: @bE2+yLcDzn0

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