Thread regarding DeVry Inc. layoffs

Devry should let the stock price fall and then take the company private. Close all the outlier locations, rename the "DeVry" schools back to Devry Institute of Tech and focus on all STEM programs at a reasonable price. No more "value proposition" bull sh--. And quit accepting students who can read, write or do basic algebra. Focus on high school students again. These are the people that want to earn a degree. Yes, it will take time to build your reputation.

All I have to say to Daniel is buh-bye. And the next head to roll is....?

What really happened is the board of directors fired him

FUBAR--f---ed up beyond all recognition

This new one I bet is just as incompetent. Chair of the finance and audit committee? How is DV doing right now? Wow, she has done such a bang up job.

So now we got the PC version of Hamburglers departure, anyone know what REALLY happened?

Wtf is fubar

Grainger was glad to see Hamburger go.

DeVry is happy to see Hamburger go.

When Hamburger gets a new job and you own stock in that, sell, sell sell.

You people are idiots. CEO leaving doesn't stop the lawsuits or class actions. It's not going to stop future layoffs and people getting let go. It will just be another person pulling the trigger other than Daniel. We should all be worried that our CEO making over 5 million a year walks away from that kind of cash. He left to pursue other opportunities. That's a very loose term. I just can't grasp any sane person walking away from a 5 million a year job unless things are completely FUBAR!

Re: "I think the curriculum is a as good as any students would find at a state school, but students don't always work at their classes and this leads to low success rates"...so who's problem does it become? I too, teach. Let's start by looking at what type of students we take advantage of...A lot of our student recruits are not college-ready...and an accelerated program may not be appropriate for them...in regards to providing curriculum as good as any students would find at a state school...then why doesn't DeVry charge state-rates/credit hour? Classes at DeVry are a whopping $600+/credit...overpriced for "just as good". At DeVry...it's more about the money...and not very much about the students. Unfortunately, an overworked staff puts the pressure at our local campuses and centers. We're supposed to be different on purpose...the only difference I see here is that we treat our employees like crap...we use them...abuse them....and then dispose of them.

Now who is going to laugh at my bad jokes? -Robbie Paul

I hope Daniel reads this and remembers that Karma's a b*tch. Remember how big you felt when you fired a new temp in New Jersey for not greeting you in a crowded hallway? She did nothing wrong and you fired her just to show what a "big" man you were.

Well Little Daniel, EVERYTHING you screwed up at Devry led to this day and karma's closing the circle except this time the sole responsibility for the humiliation you now feel lays at your feet. You reap what you sow you Napoleonic Narcissist!

DV up over 4% today, so this is a win-win. Clearly, markets thinks greener pastures ahead (maybe given the reduced overseas regulations and installation of a financial side CEO. Hamburger gets a nice bump on whatever options he takes with him.

The reality here is that this is a business that sells education. I teach, but I still understand this. Students are cared about to the degree that they are customers. Is there some sentimental link between faculty/administration and students? I would say no. Give them a good product at the price the market will bear in order to drive either growth or dividend return. That is the education business. I think the curriculum is a as good as any students would find at a state school, but students don't always work at their classes and this leads to low success rates.

I agree that Hamburger is going to take the plunge for the federal lawsuit. The new CEO has no higher ed background. Only financial experience, so DVG continues to cater more to the market rather then what is best for their students and schools. When do they learn?

I used to work for him and he's a good guy. Yes, he can be tough, he is self centered and likes to talk. He likes to hear "YES" and "GOT IT", but he'll also listen and take in consideration what you have to say, in that respect he has patience and compassion.

He cares about burn-out and about well being of folks who surround him, yet, he sold his soul to the devil (Wall Street) and there is only one way how that game is played: ruthless and money centric.

I wish him all the best even though I know that some of his moves harmed all of us - I am not sure that I could have done better if I was in his six million dollar seat...

Thanks @HyJNE3K - I was let go a few days ago and I am glad to see him leave as I believe that his incompetence is responsible for the layoffs. If he and his group had a little bit of strategic vision, many layoffs could have been avoided.

Yes, I am bitter, but at the same time I am realistic and I know things are not good for all schools - but at the same time I think the level of greed and incompetence here is unmatched.

Stock is up today on the news. Maybe he is taking one for the team to draw lawsuit heat his way? Markets seem to know this stuff.