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Corinthian Colleges Inc. Layoffs

Messages relating to layoffs at Corinthian Colleges Inc. are presented below the company info.

Corinthian Colleges Inc.

Company information:

Industry/Area of Activity:
Specialty Retailers & Services
Company Stock Ticker:
COCO
Stock traded at:
NASDAQ
Industry Code:
5377

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Posts regarding layoffs at Corinthian Colleges Inc.

Go to thread Anonymous45123, Wednesday 10/22/14 13:45:18 UTC

3 Must-Know Facts About For-Profit Colleges: Know what you are selling so you can feel GOOD, GOOD, GOOD about it!

1. FOR PROFITS ARE EXPENSIVE. ​ gher price tags mean high levels of borrowing. Nearly 90 percent of 2012 for-profit graduates had student loans​, with the average debt among for-profit college graduates who borrowed reaching nearly $40,000, according to the Institute for College Access & Success. ​ Those high costs can skyrocket for students who delay graduation, which just 31.5 percent of for-profit students manage to achieve within six years, according to federal data. That's compared with about 57 percent at public institutions​ and about 66 percent ​at nonprofit private colleges. 2. FOR PROFIT GRADUATES STRUGGLE TO FIND EMPLOYMENT."Our findings suggest that employers don’t value for-profit credentials any more than public community college credentials," says Cory Koedel, an associate professor at the University of Missouri and co-author on the study. "But for-profit credentials are quite a bit more expensive." 3. FOR PROFIT BORROWERS DEFAULT AT HIGHER RATES. Default rates may stem from the combination of high loan balances and difficulty finding employment, says David Deming, an associate professor of education and economics of Harvard Graduate School of Education ​and co-author of the NBER study. "To the extent that you have trouble finding a job when you graduate, it affects your ability to pay student loans," he says. http://www.usnews.com/education/best-colleges/paying-for-college/articles/2014/10/01/3-facts-for-students-to-know-about-for-profit-colleges-and-student-debt
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Go to thread Anonymous45122, Wednesday 10/22/14 13:35:29 UTC

Worst Year to Date Performers....

Corinthian Colleges Inc (NASDAQ:COCO) has YTD performance of -92.13 %. The company has the market capitalization of $ 11.04M while its P/B ratio was 0.03. Institutional investors own 48% stake in the company while beta factor, which is used to measure riskiness of the security, was 2.65. Net profit margin of this company was -6.60 % while its operating profit margin was 2.20 %. http://www.investorwired.com/worst-year-to-date-performers-corinthian-colleges-inc-nasdaqcoco-freeseas-inc-free-walter-energy-inc-nysewlt-cal-dive-international-inc-dvr/178405/
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Go to thread Anonymous45121, Wednesday 10/22/14 13:28:36 UTC

This from the goons at Yahoo Finance this morning

boxfox746 • 22 hours ago Is COCO getting rescued? I wonder how high this could go... it doesn't look to me imho that COCO is going to go away. GL! Sentiment: Strong Buy Sort: Newest | Oldest | Most Replied Expand all replies amysteryman2003 • 21 hours ago Flag If they manage to file a 10-k in the next month or so, you may be right. Companies planning on delist and BK don't really need to file a 10-K at the last minute
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Go to thread Anonymous45081, Wednesday 10/22/14 01:27:52 UTC

How did you quit?

i used up my vacation and once I confirmed I got paid, I no-showed and quit. i already had one foot out the door and all i ever did was surf the internet while at work. i made dials just to get the dials in. i dodged live calls. i never booked interviews. i made it look like i was working, when in actuality, i was visiting other departments and chatting about random things. in my opinion, job was meaningless work, low pay, no pay raises in 4 years, no room for growth (glad I didn't get promoted), basically a waste of my time. what really bothered me, though, was how employees without degrees would try to sell one (i mean really?). NOTE: THE ABOVE IS MY OPINION ABOUT CCI.
Reply to this post | This thread: 290 views | 4 replies
Go to thread Anonymous45059, Wednesday 10/22/14 00:21:01 UTC

What happens at a campus stays at a campus. Remember the pillars.

Reply to this post | This thread: 179 views | 3 replies
Go to thread Jerry springer drama, Wednesday 10/22/14 00:08:17 UTC

Please don't share personal drama that happens at a campus

Reply to this post | This thread: 361 views | 13 replies
Go to thread Anonymous44998, Tuesday 10/21/14 21:22:45 UTC

Corinthian now in trouble with NASDAQ! Further Investigations!

Corinthian Colleges Inc (NASDAQ:COCO) has received a letter from The NASDAQ Stock Market notifying the Company that it is not in compliance with Nasdaq Listing Rule 5250. The Rule requires timely filing of reports with the U.S. Securities and Exchange Commission (the “SEC”). Nasdaq sent the notice, dated September 29, 2014, as a result of the Company’s failure to timely file its Annual Report on Form 10-K for the fiscal year ended June 30, 2014 (“10-K”). NASDAQ in conjunction with the SEC will seek further investigation in regard to discrepancies in wrongful and late filings.
Reply to this post | This thread: 356 views | 10 replies
Go to thread Anonymous 123987, Tuesday 10/21/14 21:21:04 UTC

Anyone have the HR phone number?

Reply to this post | This thread: 227 views | 4 replies
Go to thread Anonymous44992, Tuesday 10/21/14 21:01:45 UTC

FA DIRECTOR from Santa Ana IS CYBER bullying me.

Reply to this post | This thread: 339 views | 9 replies
Go to thread Anonymous44956, Tuesday 10/21/14 18:46:16 UTC

Regardless of what Santa Ana is the best campus around!

Reply to this post | This thread: 398 views | 42 replies
Go to thread Anonymous44954, Tuesday 10/21/14 18:42:31 UTC

Admissions team Santa Ana gets along. Just some friendly competition with tears.

Reply to this post | This thread: 95 views | 2 replies
Go to thread Anonymous44951, Tuesday 10/21/14 18:32:07 UTC

At least FA team Santa Ana gets along and has great team unity. Admissions team are on survival mode. P

Reply to this post | This thread: 129 views | 2 replies
Go to thread Anonymous44949, Tuesday 10/21/14 18:24:54 UTC

FA team Santa Ana will not stoop to Admissions

Reply to this post | This thread: 35 views | 1 reply
Go to thread Anonymous44948, Tuesday 10/21/14 18:22:46 UTC

I will not be afraid of Lily and Nancy vengeance! Why all the threats.

Reply to this post | This thread: 164 views | 2 replies
Go to thread Anonymous44947, Tuesday 10/21/14 18:20:10 UTC

Santa Ana Campus President and FA Director are having a meeting about admissions. JOEY IS HAVING A EPISODE! TEARS ARE FLOWING.

Reply to this post | This thread: 109 views | 1 reply
Go to thread Anonymous44940, Tuesday 10/21/14 18:02:42 UTC

Best admissions team hands down. Thanks FA team Santa Ana.

Reply to this post | This thread: 7 views | No replies yet
Go to thread Anonymous44936, Tuesday 10/21/14 17:58:49 UTC

CCI is dead.

Reply to this post | This thread: 231 views | 3 replies
Go to thread Anonymous44934, Tuesday 10/21/14 17:55:34 UTC

FA Director is the Best hands down. Thanks from admissions team Santa Ana. 12

Reply to this post | This thread: 94 views | 1 reply
Go to thread Anonymous44932, Tuesday 10/21/14 17:48:13 UTC

Nancy promised a celebration. Bowling and lunch date with her. She gave us a ten dollar gift card.

Reply to this post | This thread: 70 views | 1 reply
Go to thread Anonymous44914, Tuesday 10/21/14 15:54:51 UTC

How much do you make?

I'm making $46k as an sf at tampa euo been with the company 6 years
Reply to this post | This thread: 423 views | 10 replies
Go to thread Curious, Tuesday 10/21/14 15:50:31 UTC

Is Elizabeth Tetzlaff leaving CCI?

Reply to this post | This thread: 312 views | 6 replies
Go to thread Anonymous44908, Tuesday 10/21/14 15:33:26 UTC

Lily opportunities. This is helpful

THEY are a great team. They come from coi and created the best culture per Rosie from ACC. They have the best DOA'S around. Integrity and treating people with respect is what they do best. Great leaders I say! SOME OPPORTUNITIES TO WORK ON: 1 WORK ON THE INSIDE, 2 SAY HI, NOT JUST WHEN I'M ENROLLING AND 3 TRULY CARE ABOUT THE STUDENTS NOT JUST THE NUMBER.
Reply to this post | This thread: 165 views | 5 replies
Go to thread Anonymous44895, Tuesday 10/21/14 14:55:15 UTC

Lily made Nancy weep! This is so sad.

Reply to this post | This thread: 258 views | 2 replies
Go to thread Anonymous44851, Tuesday 10/21/14 04:07:11 UTC

Just say no to PIP

Reply to this post | This thread: 617 views | 19 replies
Go to thread Anonymous44837, Tuesday 10/21/14 02:48:22 UTC

Should I get my hope up?

A fellow instructor told me ECPO got the ok from hlc to start enrolling back on Sept. 2nd. I was hoping to get at least one class and emailed my PD but I haven't heard back yet. Does anyone know if ECPO is enrolling again? Did any adjuncts get classes for Fall?
Reply to this post | This thread: 197 views | 7 replies
Go to thread Anonymous44826, Tuesday 10/21/14 01:39:29 UTC

Heald is done.

Expect Heald to be shut down by the end of 2015. It's over.
Reply to this post | This thread: 416 views | 6 replies
Go to thread Anonymous44820, Tuesday 10/21/14 01:00:49 UTC

Any update on the ECMC purchas?

Did the suits give any new update today on the ECMC purchase of those selected Everest campuses?
Reply to this post | This thread: 576 views | 14 replies
Go to thread Anonymous44812, Monday 10/20/14 23:59:53 UTC

Nancy and Lily

Reply to this post | This thread: 431 views | 6 replies
Go to thread Anonymous44788, Monday 10/20/14 23:24:13 UTC

Laughing my ass off! Mr. Big was given chairs coated in human feces at the University of Penis! Serves the bastard right. Hahahahahaha.

Reply to this post | This thread: 188 views | 1 reply
Go to thread Anonymous44752, Monday 10/20/14 19:46:37 UTC

Don't be so mean.

Only the people who can't get another good paying job are staying. All the talented people have left already. The ones "riding it out" don't care about the students they just know they do that have the skills to work elsewhere. So let's ease up on the bullying of them. Anyone and everyone knows the CCI situation is the bottom of the barrel.
Reply to this post | This thread: 451 views | 13 replies
Go to thread thetruth (Admissions), Monday 10/20/14 18:32:41 UTC

Student Debt

http://www.youtube.com/watch?v=P8pjd1QEA0c
Reply to this post | This thread: 118 views | 5 replies
Go to thread Anonymous44731, Monday 10/20/14 17:57:38 UTC

BOA Saves CCi!

OK, I don't think that's the correct takeaway, but this is dated today and posted prominently on Yahoo. Is it just late reporting or did something new happen? http://www.mainstreet.com/article/bank-of-america-signs-off-on-plan-to-save-corinthian-prelude-to-a-new-deal?puc=yahoo&cm_ven=YAHOO
Reply to this post | This thread: 405 views | 4 replies
Go to thread Here's one for Career Services......, Monday 10/20/14 14:42:53 UTC

Boston Globe: For-profit colleges get harsh grades by former students Graduates complain of onerous debt, unmet promises about careers

http://www.bostonglobe.com/business/2014/10/19/high-debt-unfulfilled-dreams/KuDKIWiyRO5E5HDpRpSLRO/story.html Brittney Patient was only 18, living in a homeless shelter for teens with her infant son. Her mother was in jail. Brittney Patient of Lynn attended a for-profit private school in Chelsea. The Everest Institute seemed like a way out. After talking to an admissions counselor at the for-profit school’s campus in Chelsea, she was convinced that training as a medical administrative assistant would land her a good-paying job while grants would cover most of the cost. She signed the paperwork without reading it. “I felt like here’s the answer to all my problems,” said Patient, now 24, of Lynn. But the grants turned out to be loans, and the $22-an-hour job that she said school officials promised proved to be unrealistic. The best job she could find paid $12 an hour. Everest is part of Corinthian Colleges of Santa Ana, Calif., which the US Consumer Financial Protection Bureau has sued, alleging predatory lending. Attorney General Martha Coakley is investigating Everest, alleging deceptive enrollment practices. Kent Jenkins, a spokesman for Corinthian, said the school disputes the claims made by both Coakley and the federal agency. He said there was a brief period when the chain offered student loans at “market rates,” but more recently, Corinthian stopped lending directly to students. He also disputed Patient’s account, estimating that she borrowed just $8,000 in federal loans toward the tuition of $14,300. And he called her story a success. “She got the job skills the program was supposed to give her,” he said. Patient got her general equivalency degree after dropping out of high school. It took her three years to finish the Everest program. She said she needed time off for various reasons, including having to work to help support her child. She also delayed her course work after having a second baby. But she persevered and finished the program in 2011, believing a good-paying job as medical administrator was coming. Instead, she found herself filing medical records at about half the pay she said she had been told to expect. Patient said Jenkins’s estimate of her borrowing is wrong. She says she owed most of the $15,000 cost of the program. It proved a heavy burden. She managed to stay current with her loans for about a year after graduation, struggling to pay the $109 a month, along with other bills. She tried to make ends meet by going to a local food pantry and signing up for food stamps. But eventually she could no longer make loan payments. Collection letters and phone calls streamed in. She looked for a better-paying job and ended up working at a private medical practice for $12.50 an hour
Reply to this post | This thread: 408 views | 21 replies
Go to thread Anonymous44655, Sunday 10/19/14 20:02:15 UTC

Career Services Euo

Seems strange that career services hasn't taken a hit yet. Yes, theres been some suspicious management shuffle ie demotions and firings but there is not enough work to go around. Plus the pay is much higher than other departments - a guess bc it makes sense that why it hasn't been touched.
Reply to this post | This thread: 350 views | 9 replies
Go to thread Anonymous44647 (FACE THE MUSIC), Sunday 10/19/14 18:01:37 UTC

JackMass, thank you ever so much for serving on the Board of Jobs For America's Graduates. Sniff....it's just so touching.....AND HILARIOUS!

Jack D. Massimino, age 64, is the Company's Chairman of the Board and its Chief Executive Officer, a position he held from November 2004 through June 2009, and again beginning November 29, 2010. He was appointed Chairman of the Board in August 2008. Mr. Massimino initially joined the Board of Directors immediately upon the completion of Corinthian's initial public offering in February 1999. He was President and Chief Executive Officer of Talbert Medical Management Corporation, a publicly-traded physician practice management company, from 1995 through late 1997. Prior to his employment with Talbert, Mr. Massimino was Executive Vice President and Chief Operations Officer of FHP International Corporation, a multi-state, publicly-traded HMO, with revenues of approximately $4 billion at the time of his service. Mr. Massimino currently sits on the board of directors of Jobs for America's Graduates.
Reply to this post | This thread: 268 views | 5 replies
Go to thread Anonymous44641, Sunday 10/19/14 16:58:23 UTC

Thank you for laying me off

I was a PL that worked remote and I was laid off last Friday. Apparently 38 of us were let go. I am so glad this has happened. I already found a new job teaching. I think it is funny that all the veteran employees at CCI that are still there have drank the Kool Aid in hopes of a buyer to keep their jobs. If a buyer is actually there keep in mind over time most will be let go. Again, thank you for laying me off so I do not have to stress of this anymore. I had very good numbers and I was still let go. No one is safe. I wish everyone the best in finding employment. If you do not have a plan B by now you are most likely in trouble soon.
Reply to this post | This thread: 499 views | 12 replies
Go to thread Petrus Pomerol (Socle), Sunday 10/19/14 16:29:55 UTC

The Three Jerketeers

They had earned the opinion of their own employees. The three jerketeers DS, BC and LC. One in charge of f***ing up the employees to get all the money they can, one in charge of seducting employees and the other one watching porn and thelayoff.com at work. Bravo!!! Good job!!!
Reply to this post | This thread: 236 views | 4 replies
Go to thread from Forbes.com, Sunday 10/19/14 15:41:15 UTC

JackMass, thank you ever so much for serving on the Board of Jobs For America's Graduates. Sniff....it's just so touching.....AND HILARIOUS!

Jack D. Massimino, age 64, is the Company's Chairman of the Board and its Chief Executive Officer, a position he held from November 2004 through June 2009, and again beginning November 29, 2010. He was appointed Chairman of the Board in August 2008. Mr. Massimino initially joined the Board of Directors immediately upon the completion of Corinthian's initial public offering in February 1999. He was President and Chief Executive Officer of Talbert Medical Management Corporation, a publicly-traded physician practice management company, from 1995 through late 1997. Prior to his employment with Talbert, Mr. Massimino was Executive Vice President and Chief Operations Officer of FHP International Corporation, a multi-state, publicly-traded HMO, with revenues of approximately $4 billion at the time of his service. Mr. Massimino currently sits on the board of directors of Jobs for America's Graduates.
Reply to this post | This thread: 7 views | No replies yet
Go to thread Anonymous44625, Sunday 10/19/14 14:16:24 UTC

Predictions on News from Management on Monday?

Serious responders with real, fact-based insight preferred, but not expected.
Reply to this post | This thread: 585 views | 5 replies
Go to thread Corporate finance (Csc), Sunday 10/19/14 05:15:44 UTC

Water worthless

Dede waterworth is useless!!
Reply to this post | This thread: 155 views | 2 replies

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