http://seekingalpha.com/news/3186764-devry-names-new-cfo
9 replies (most recent on top)
@HGRoEVa-4rlq, Heather Podesta is a good friend of Hillary Clinton--and bundles for her. Ms. Podesta may have been pressured to stop lobbying Devry (for a minute, at least).
................................................https://theintercept.com/2016/06/03/heather-podesta/
Camden Kid, it looks like you're on to something, as usual. DeVry is listed as a client in 2015 but not 2016. Check it out:
https://www.opensecrets.org/lobby/firmlbs.php
Recent article from The Motley Fool:
"Finally, DeVry dropped 13%. The for-profit education company suffered its second major executive defection in just over a week, with CFO Tim Wiggins saying late Wednesday that he would leave. The move follows closely after CEO Daniel Hamburger said he would pursue other opportunities, and investors are more nervous than ever that insiders are aware of further challenges to DeVry's business that could motivate their decisions to depart. With a lawsuit from the Federal Trade Commission outstanding and the possibility of new guidelines from the Department of Education that could put further pressure on for-profit education, DeVry's risk level just got a lot higher."
http://www.fool.com/investing/2016/06/02/why-sarepta-therapeutics-signet-jewelers-and-devry.aspx
Did Heather Podesta stop lobbying for Devry this year? If so, they just lost a huge ally in DC circles.
DeVry: There Goes the CFO...and Our Outperform Rating
By Dow Jones and Company, Inc.
https://eresearch.fidelity.com/eresearch/goto/evaluate/news/basicNewsStory.jhtml?symbols=DV&storyid=201606021029DOWJONESREALTIME004060
Looks like they are "moving the deck chairs..." Who is the external auditor?.................................................. https://www.linkedin.com/in/patrick-unzicker-7261a56
Wiggins was like 100 years old. Some board members are too. Time for out with the old.
House cleaning continues and it's about time. Get back to your roots DeVry. Don't be everything to everyone. Go private again.
Two down (Hamburger and Wiggins)! Who is next to fall? Paul, Riehs, Roselli, Dirst are all on borrowed time. That entire leadership team is garbage, I am so glad the DVG Board is finally taking action to save our once proud organization.