Thread regarding University of Phoenix layoffs

@294--Right. The economy is doing so well under this president. You obviously graduated UOP. The economy was great from '82 through 2006. The crux of the recession was idiot dumbocrats who squealed for home loans for EVERYONE--investors just bundled these toxic loans, sliced and diced, and sold them, again and again. Kind of like the education bubble next--too many degrees people and not enough jobs. These diploma mills have been f***ing students and the taxpayer for too long. Time to cut off the funds--they're capitalists, so they should be able to find a way to recruit students that don't use federal loans/VA funds...

041- Nope outsourcing and 35 years of Reaganomics have led us to this point. Slash taxes on the rich, defund schools and let roads and bridges fall apart. Privatize everything and let bankers trade everything as CDOs. The bottom 90% of America hasn't had a good raise since Reagan was president and more of us are finding we can't even support ourselves with a full time job, much less actually excel and purchase things the way our parents did.

The idiots at AZ Central said there was 450 UOP employees offered severance but I think the numbers are actually higher maybe 900 to 1000. They also reported 600 in June which was actually 900. Someone needs to check their facts before publishing wrong information and passing it off as news

It is my impression, based on the structure of stock, there is only one person having a vote. Please correct me if I am wrong.

"In metro Phoenix, that has meant a smaller corporate presence. Earlier this year, the company employed 7,150 in Arizona, or 18 percent of all its workers. In 2008, it had nearly 15,000 workers here. Mark Brenner, a vice president for business development at Apollo, said the latest downsizing in Phoenix is the only such move expected here for the near term."

@The Investor--the democratization of American higher-education has led us to this point. Not EVERYONE should go to college. UOP should have focused on vocational training as this might have saved them. Instead they were a high-priced high school masquerading as a university and printing phony degrees to those who were willing to buy one.

"In June, the company quietly noted it was eliminating 600 jobs amid continued enrollment declines."

"Apollo's net revenues for the company's business year that ended in August were $2.6 billion, down $400 million from a year ago."

What a sad story. I remember when this firm had a market capitalization over $15 billion, a stock price in the mid-90s, and 476,000 students. The old goals were 500,000 students by 2005, 1 million by 2010, and a ground campus within 100 miles of 80% of the American population.