The federal money and 10% deduction and layoffs are still. It enough! More RIFS to follow and possible income reduction of 3% if regulators do not approve loan sales. http://www.ibtimes.com/corinthian-colleges-hurting-cash-sells-student-loans-1669950
9 replies (most recent on top)
regulators approved the sale of loans. Allls well at the home front
We probably have more say than anything. Eeva was good like that. She stood up to them.
31167... Are you saying that decisions at CCI are only for Everest and Wyotech? I don't see that happening until we're sold. CCI has been manhandling Heald since 2010.
At this point, heald and it's Executives have more leverage to distance itself from CCI. Heald has the best chance of survival if CCI allows us to do what we do best: operate a successful institution. I don't think Heald will bow down and accept decisions towards more RIFS and pay cuts to support the other 90 campuses.
31153 - Go back to trolling the Corinthian board. We're trying to keep it positive here.
Will there be money to make it to the sale of Heald, or will CCi crash and burn this quarter?
There's no way Eeva will allow another pay reduction. 13% is too much for employees to take!
This is unfortunate. We are all aware of the financial challenges we have, but why is it that we learn HOW bad it is through news media and not our own company.
Ouch