Why has this site gotten so little traffic? The layoff sites for Corinthian Colleges (COCO)and Education Management Corporation (EDMC)are heavily used. Having known students who felt ripped off by ITT, I know you cannot say that ITT is dramatically different than COCO or EDMC. It appears that they have used similar recruiting methods which may be in violation of the False Claims Act. ITT is also facing major financial problems ahead. They have borrowed $75M JP Morgan and another $100M Cerebus. They also face a lawsuit from the CFPB. ITT's CEO Kevin Modany and its outside outside auditor PWC bailed out. And there are countless shareholder lawsuits.............http://finance.yahoo.com/q/p?s=ESI+Press+Releases..................................So why isn't anyone talking?
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...And now Richard C. Blum, a California Regent and Dianne Feinstein's husband has been reducing his interest in ESI............ http://www.insidermonkey.com/blog/career-education-corp-ceco-blum-capital-partners-cuts-activist-stake-to-9-4-338164/