Apollo Education Group, Inc. (NASDAQ: APOL) today announced that Brian Swartz, Senior Vice President and Chief Financial Officer, has resigned from his position with the company effective May 15, 2015. Joseph D’Amico has been appointed to serve as interim CFO effective upon Mr. Swartz’s departure, while the company conducts a comprehensive search, considering both internal and external candidates. He made over $2 million in stock sales alone. In a related story: http://abcnews.go.com/Health/wireStory/corinthian-students-face-difficult-choices-shutdown-30658464
4 replies (most recent on top)
The changes are better than the previous CFO who failed to submit an Annual Report and SEC Form 10K report nearly costing the firm is stock listing.
So true Camden Kid... but bringing in someone new takes balls, especially when they know they need help to cover up the money shifting.
Replacing Swartz with D'Amico is like moving the deck chairs around...................https://www.linkedin.com/pulse/apollo-group-sinking-ship-dahn-shaulis?trk=mp-author-card......................https://www.linkedin.com/pulse/apollo-education-following-dangerous-path-dahn-shaulis?trk=mp-author-card
Somehow these execs are selling stock yet employees don't get a heads up that the window is open so they can sell...