Thread regarding Corinthian Colleges Inc. layoffs

Help Me Understand

Can anyone help me understand the rationale behind ECMC acquiring a company whose ruthless 'leaders' ran into the ground while defrauding the government.....AND.....deciding to keep said leaders in place? C'mon, Michael Stiglich cannot be a part of a turnaround when he was steering the ship right into the iceberg that sank it!

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Post ID: @OP+Bt2R4Bf

5 replies (most recent on top)

Gary Gaetano? Really??? Who is next Kenneth Fowlie?

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Post ID: @3ho2+Bt2R4Bf

You should also consider who enticed ECMC to buy from the beginning. Collusion is not uncommon in this company.

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Post ID: @10x7+Bt2R4Bf

It all makes sense if you consider that no one plans to do a turn-around. Zenith is just a temporary vehicle to keep the wheels in motion until student population decreases to a level more tolerable for DOE for loan forgiveness.

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Post ID: @Se6+Bt2R4Bf

I told you, different name but same game.

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Post ID: @ePX+Bt2R4Bf

Good point. Post it on ECMC and Zenith site

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Post ID: @88V+Bt2R4Bf

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