https://catalog.argosy.edu/content.php?catoid=65&navoid=12803
5 replies (most recent on top)
I'm not wrong.
DCEH was in this for a fast cash grab. If they were serious about transformation, they would have changed the same old leadership from AU instead of promote them. "If you want to change the direction of an organization, change its leaders". (Maxwell)
The folks in direct administration of the campuses and programs drove AU into the ground though cronyism and tiptoeing on the line of appropriate recruitment practices. To get a good sense of how this worked, check out the movie Wolf of Wall Street and substitute penny stocks with the education of uninformed and gullible students. Hence, we have an enormous crisis on our hands at the DE with student loan default that is only getting better because shady operations like ITT and EDMC (DCEH) are going out of business.
vdj how could people like them not know? - I find that hard to fathom - they have been investing money for a long time and made a lot of money not from being stupid.
How.... everyone else knew. It’s been in the news for years
I believe that you are wrong. I think that DCEH initially thought that they could save all schools. But, they had no idea about the legal and financial problems that they were "inheriting".
Dream Center Education Holdings, LLC Board of Managers
Brent Richardson – Co-Chairman and Chief Executive Officer
Randall K. Barton, Esq. – Co-Chairman and Chief Development Officer
Rev. Matthew Barnett – Co-Founder of the Los Angeles Dream Center, founder of the Dream Network
Timothy P. Slottow – Retired President of the University of Phoenix and former CFO of the University of Michigan.
Dr. Rufus Glasper, CPA – President and CEO of the League for Innovation in the Community College and Chancellor Emeritus of Maricopa Community College.
Jack DeBartolo – Prominent architect in the Southwest and Senior Architect for The Pain Centers.