July 5, 2016 - It has become evident the Board will not call for the resignation of the ITT Tech CEO. In any other major company this CEO would have been forced to resign months, if not years ago. Tell me how a CEO gets annual bonus checks of six and seven figures when enrollment is drastically down, stock prices are the lowest they have ever been, multiple fronts of litigation are taking place and overall company morale is desolate beyond description. Because of this, great employees are now bringing their talents to other companies outside of the for-profit education sector, while others have begun updating their resumes.
A talentless and reactive CEO is entrenched at the helm. For certain, all Indy Senior Management having drank the Kool-Aid have become blind and lack the testicular fortitude to do or say anything which might still yet save ITT Tech by correcting its' course back to its' original mandate...you know the one that actually provided a real hands-on education not some virtual facsimile because it is cheaper to deliver. While Management is fluffing and puffing its' plumage before the Feds and its' accreditation body, the company is now in free-fall. No amount of slick ads can salvage this company. Only the immediate departure of this CEO could have any positive impact and restore confidence among employees and investors. After all, had any employee done or caused what this CEO has, they would have been terminated.
Due to the inability of the ITT CEO and Senior Management to make proper business choices over the past few years, combined with the negative press which has and is being generated, enrollment numbers across the nation are not just dropping but disappearing all together.
Be it known, ITT Tech employees, many of you will be receiving your severance notices as HQ goes to the small market model to conserve cash and protect Indy Management. Those employees who remain on campus, will be required to fill multiple roles. Roles which individually are already burdensome and difficult to execute according to ITT Tech policies and procedures.
With this irresponsible move by ITT HQ, students will only receive less attention, much lower functionality and capability of instruction. In general, just another poke in the eye combined with a watered-down post-secondary education effort . Business as usual for this ITT Tech CEO!
If you are thinking about ITT Tech for your education, recognize there are some truly superior campus personnel all across the country that are here to support you. But at the moment, you will not be receiving the hands on education for the future, all of us who work and care for this company want you to have.