Thread regarding ITT Educational Services Inc. layoffs

Remnants of Modany

Like Corinthian Colleges before it, ITT eventually crumbled last year under a federal government crackdown on the for-profit college industry.

Outside the office of the embattled CEO Kevin Modany, a marketing photo still hung on the wall — of President Barack Obama listening to an ITT graduate who worked in an auto plant.

In 2014, Modany had announced he would resign but later decided not to. In 2015, the Securities and Exchange Commission named him in a lawsuit alleging that ITT had lied and concealed information from investors about losses on two student loan programs that eventually amounted to hundreds of millions of dollars.

Months after ITT's closure, a vase of fake flowers still greeted people at the entryway of Modany's office suite. His assistant's desk held a set of keys, a flash drive marked "legal" and a CD of the 2013 strategic update. A file cabinet drawer was open, with empty sleeves labeled for meeting notes.

Framed on the wall was the recognition of ITT as Fortune's 100 Fastest Growing Companies — No. 98 in 2011.

Inside Modany's office, which was maintained at a comfortable 71 degrees, the shelves of glossy wooden furniture had been cleared out except for two television remotes for a 55-inch flat-screen TV mounted on the wall and a single dried starfish.

His windows overlooked an outdoor break area and a parking lot where a dumpster was now parked. Two laptops were docked at his U-shaped desk, one with a flash drive still stuck in it. A desk organizer that stored files bore a CIA sticker. Placed on the desk were two personal photographs of Modany posing with people in the ITT lobby and at Zoobilation in 2007.

Tucked into the corner were an umbrella and a frame taken off the wall — a print of pizza ingredients, with "I (heart) pizza" written in the spilled flour.

Left on the wall was a New York Stock Exchange certificate from 1994, when ITT became a publicly traded company.

Modany's executive suite also included a small gym with two treadmills, an elliptical trainer, a pull-up tower and silver free weights ranging from 5 to 70 pounds. At an online auction, his gym equipment sold as is, for $3,362.02 in all.

The CEO had a small bathroom with a shower. In the kitchen, he kept a Keurig coffeemaker and a Ninja blender. The cabinet stored opened bags of pretzels and trail mix, and the refrigerator still chilled diet peach teas, low-calorie Gatorade, vitaminwater zero and a protein shake. In the freezer was a box of PJ's Organics Skinny Low-Fat Chicken Burritos.

(Keurig, Ninja and refrigerator unit: sold. Leftover food

http://www.indystar.com/story/news/education/2017/01/11/look-inside-itt-techs-closed-carmel-headquarters/96118888/?hootPostID=145f3030545ac5aeb492a3511e6adf6d

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