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The president and the board should be kicked to the curb the way they cut employees who were barely earning a decent wage.
"Renovus really undressed APEI in their sale of Rasmussen. APEI should have identified problems with students outcomes and enrollment processes. The first clue should have been that Renovus acquired Rasmussen at a much lower valuation, held it for a very short period and sold it to APEI at a very high valuation and multiple. And it is not like the Rasmussen was widely pitched when Renovus bought them. So now they announce that the lost most of the top long term leaders at Rasmussen, the new president announces that he changed his mind and was not going to accept the position. Based on this I believe the problems are much deeper at Rasmussen and the rats are jumping ship. And I am shocked that the CEO would point to the leadership exodus at Rasmussen as the reason for the dismal performance in Q4. The obvious question is why they left and transparency on the actual issues and how they plan to fix the problems. But the recent serious missteps by the CEO (e.g. TA funding and military enrollment delays, Rasmussen purchase and integration, lowered guidance) should result in her being fired by the board. APEI needs new leadership that can better execute, develop strategy and improve morale and build a winning culture."