I am corresponding with Charlene Crowell (Center for Responsible Lending) about an article she is writing on ECMC's takeover. I know that some people have serious reservations with ECMC Board member Gary Cook and his history. For those really interested in turning this around, are there others things that she should know about? Do you think ECMC has any chance to turn this around? Please no racist or sexist comments; they are not productive.
10 replies (most recent on top)
- I agree with you 100%.
The company's one week old and already everyone is complaining. If you haven't noticed they have begun granting certain students options for transfers or refunds. Also they are working on getting all the vendors paid up to date. The first thing they have to do is clean up the outstanding bills so we can purchase books and supplies. CCi isn't paying off the vendors, ECMC is. The 24m didn't include all the outstanding unpaid vendors, land lords, utility bills etc. I say let's give them a chance to make the proper changes and see what happens. The business culture starts at the top and filters down. If people won't change then they should be terminated. I'm willing to give them 6 months before I condemn them.
The old CCI will continue until they clear out the regional and divisional teams from HR,admissions, finance, and operations. They continue to make poor decisions and I'm still seeing nepotism at its best. They take care of their own and if you dig deep enough you will find the skeletons.
Unless they clean house on managements and clean it out fast the old CCI ways will continue
@Anonymous66458, I did not make Gary Cook or his history up. I received anonymous emails with documentation that I could verify.
For adjunct instructors, nothing has changed for the better, and the company culture is becoming more punitive.
CK, why in the world would you ask such a question in this forum? Disclose your "some people" or get out. Anonymous opinions do no good if you are to be the transmitter of information. Go make a fake William Snowden documentary or something.
ECMC will just continue on the same path of destruction if they do not clean out the current management. The "Not For Profit" status that Zenith has been awarded is simply smoke and mirrors and does not affect the business, other than the tax breaks that they will receive. Many that post on here do not understand the tax liability that the for profits assume. With Zenith, same money will be coming in (assuming they can start enrolling students), with little to no tax liability. This is a bad deal that should have been blocked on all fronts. As far as Gary Cook, it will take another act from the DOE to bail this group out, and he is not the answer to anyone's prayers.
349 - I know that I am preaching to the choir, but "business as usual" produced four notable results in the past two years: Compete collapse of shareholder value - even before the mid-June DoE debacle. 2. Deteriorating revenue to the point that the trend would likey have resulted in bankruptcy without the DoY artificailly propping up the business 3. Significant legal and regulatory liabilies. 4. A mountain of (mostly deserved) bad press. "Business as usual" will soon equal "no bususiness at all."
Sorry, CK, but after meeting some of the new guys, I'm not optimistic. The biggest threat to the new venture is that our current leadership (totally unchanged at Socle anyway) really seems convinced that it will be "business as usual" and that ECMC will not be interfering with the day-to-day running of the operation. Individual players don't really matter. It's that the larger intent seems to be to continue with the same business practices.