Yes...yes it is. Just terrible...
"Corinthian paid its CEO, Jack Massimino, more than $3 million in compensation last year, including a bonus of $1 million in what was the company’s worst fiscal year to date, according to SEC filings."
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A well-written article and well documented. It presents a reasonable picture of what to expect in the future. It was nice getting to see a picture of Jack's house and hearing about the politicians involved in this mess.