More to come, more cuts, if you don't bring in students , you are out. Most of the presidents were fired this week. The new DeVry TEACH Values.
T Time to get more get more student$ in. We don't Care how, just get them in
E Employees are fired for not enrolling student$
A All locations need more student$
C Cash it's all about the cash
H Help our CEO make more money
Devry University - Yes we are Different and on purpose
Golden parachutes at Apollo Education Group: Greg Cappelli--$7.3M, Sean Martin--$5.6M, J. Mitchell Bowling--$3.3M, Tim Slottow--$2.7M, Greg Iverson--$2.6M.
Devry is still making money. But when it does fail, I wonder what the golden parachutes will look. Typically, the CEO's will be north of $5M. Todd Nelson got more than $40M when he left University of Phoenix, but that's when the industry was making more money. Capelli is getting something like $5M with the Apollo Global merger.
One correction - Help our CEO and home office team make more money.
"Sinking ship, throwing good employees overboard for the almighty dollar."
https://www.consumer.ftc.gov/blog/ftc-complaint-targets-devrys-job-placement-claims