Let's all acknowledge that Dave Hawn is a genius! Dave Hawn knows EXACTLY what he is doing. He is not the least bit interested in turning Zenith/CCI around. What he says and what his actual plans are are totally different. When Troy realized this, he quit wanting nothing to do with Dave's ACTUAL plans. Dave Hawn's ACTUAL plan (which was agreed to by DOE) is to shut Zenith down. Teach out the programs. And collect commissions on the student loans he inherited from CCI. Look around, is he doing ANYTHING to make Zenith sustainable? He will be laying off employees as enrollments decline until the last person out turns out the lights. Lots of people complain about Dave Hawn keeping all of the CCI "crooks", why not?? Dave Hawn needs people to carry out his "real" plan. Most of the ones left are nothing more than mindless peons that will do whatever they are told to do. They are perfect!! Dave Hawn's plan is perfect. DOE gets what they want - close a corrupt company without having to have the taxpayers pay off loans AND warn other education companies that they better get their shit together. Dave gets what he wants - commission revenue from collecting on defaulted student loans. Screw everyone else. Remember, Dave Hawn is a bill collector. His ACTUAL plan shows exactly that - lie, lie, and lie some more!
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Come on 789, do you really believe the all the BS Hawn is feeding you? There's no way any company would agree to lose 300 million on a crap shoot. They are guaranteed a way out by the DOE or the board of directors would never have left Hawn do this. It was stated by the DOE that they courted ECMC for months into taking over the CCi schools to minimize the financial impact to the tax payers a sudden closure of all Corinthian Colleges schools would induce. ECMC agreed it wouldn't offer private loans to students for 7 years and agreed not to collect on the outstanding CCi "Genesis" loans. Believe me, ECMC has the upper hand in the "Deal" it made with the DOE. When someone begs you to do something for them, you are always in control the outcome. No corporation is willing to take a 300 million dollar hit to their bank account on the hopes and dreams that someday maybe, it can turn a sinking ship around. Maybe YOU should put down the crack pipe and pour out the Kool-Aid!
Yes ... it is a great plan. Partner with Ed so that your main company can lose over 200m in the first year -- and then take 100m loss in year two. The topper is -- you agree to not service any of those loans as part of the purchase agreement. Put down the crack pipe.
You're absolutely correct, I've been saying this from day from Zenith's conception. Now that I've been set free from the steamy crap that is Zenith I've never been happier. I do feel sorry for the few long-term employees clinging to hope that lively hood won't be shattered once it's all said and done. In closing tighten up your resume and I wish you all the best. Fired on Wednesday started new job on Thursday do the math... Flawless...