Thread regarding ITT Educational Services Inc. layoffs

@J81S81L-ikd

You are missing the point. ITT Tech degrees had become worthless because Modany's regime abandoned academic standards in favor of increased revenue - which only worked for so long.

Stop blaming the administration for the commercial choices made by an apparently incompetent CEO.

It's obvious that Modany couldn't resist the opportunity to rake his cut off the table. However, show me any college or university that finds jobs for the majority of its students. Show me a company that can withstand the government onslaught with unlimited funds to protect "complaining students".

Any fool blaming their school because they couldn't find a job is a fool.

ITT will end up being sold at a bargain to an Obama friendly non-profit now that the government has brought them to its knees. One look at who bought out Corinthian when the price tanked says it all. Do the homework.

The government is open for business and is a ruthless competitor when there is just so much money at stake. Here's the tuition math: 40,000 students x $4000 per quarter. That is a tasty slice of the education pie. Even government can't resist stepping in to "protect the taxpayer".

Failure to oversight this mess rests on the DoE. Lucky for them they have a burning man to distract the public and hide their ineptitude.

The students lose especially those close to graduating.

"Day in court" - ironic from the sleazy outfit that doesn't allow STUDENTS to have a "day in court".

Student outcomes were and are garbage from ESI.

That's why it is a diploma mill.

And that's why we say good riddance.

"So now who will buy ITT Tech for dirt cheap? "

Buy what? The potential liabilities could outstrip the assets without a negotiated deal. If BK court gets involved even the DoE can't sign off on a deal on their own.

He's got a point ya' know.

So now who will buy ITT Tech for dirt cheap? Another friend of Obama or maybe a Clinton friend using money from the Clinton foundation? Lol Of course Politics=Profit

"How to make it more valuable? Eliminate the competition."

ITT tech really wasn't a UoP competitor.

"He didn't single handily attempt the destruction of an entire sector of the economy with the only result being no change or focus on improving the "better" traditional schools, tens of thousands of students losing access to education, thousands of jobs lost, and...oh yeah....his associates making a fortune on one of the same companies he demonized. "

No but he did attempt the destruction of ITT Tech and in the process lost the possibility of losing the chance to use their federal aid towards a real education.

Any attack that starts with an attempt to defend Modany and the board is on shaky ground.

Wow, that is one mighty convoluted and complicated theory. Isn't it about a billion times more likely that the simplest explanation is the correct one -- classic human greed by Modany and his board of directors, and their buddies in ACICS, when faced with an opportunity and means to bilk hundreds of thousands of vulnerable students out of their financial aid dollars?

But whatever, believe your goofy conspiracy theories.

How about Itt tech employe ? Itt tech administration sent admission dept home on week leaves with salary ,are they will get pay? And Itt tech school going to be shutdown ?

yawn zzzzzzzzz ITT has no legal leg to stand on.

"No arguing that ITT has never had their day in court"

Who was talking about going to court in the first place? ...no need to go to court, they weren't able to convince the staff already held responsible for making such decisions (the dept of ED) that their program was solid, well-run, etc. Those are the people in charge of administrating funding & those are the people that make the decision. Are you implying the people specifically employed to make such decisions, shouldn't make them? If ITT doesn't like the decision, then they could certainly sue.

"He didn't single handily attempt the destruction of an entire sector of the economy with the only result being no change or focus on improving the "better" traditional schools, tens of thousands of students losing access to education"--did It happen by accident?

Preach it brother. Fucck the haters and the ignorant.

Seriously, ya done?

Yawn.