Thread regarding Career Education Corp. layoffs

CFO out

"CFO A.J. Cederoth will be leaving his post to pursue other opportunities after September 30. The company says that Cederoth’s departure is not the result of any dispute or disagreement. Career Education will consider both internal and external candidates for the new CFO. VP of Finance Ashish Ghia will serve as interim CFO."

https://seekingalpha.com/news/3296874-cfo-departs-career-education

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| 1413 views | | 3 replies (last )
Post ID: @OP+PvMdwLY

3 replies (most recent on top)

Well, Purdue thought that Kaplan was a good idea so really, any school without an online program is a good bet. AIU, CTU, Ashford, Argosy... they are all crap so whoever takes them will have either their work cut out for them or won't really care because the whole market is going to hell in a hand basket. Unless you attended a top tier school your education is likely not more than window dressing for your resume.

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Post ID: @7hvp+PvMdwLY

It would make sense if CECO could unload the responsibility and get all the gravy. They would also have the more "legitimate" public school for cover. Any idea what school would do this?

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Post ID: @7dik+PvMdwLY

Hmmm, maybe they are getting ready to pull a Kaplan? Sell this piece of junk to some school that needs an online program like Purdue did? All of the administrators get to keep their cushy and well paid jobs (no rocking the boat please, steady does it, keep making $$$ and do nothing but sit in meetings and attend webinars) and some desperate school gets handed an online program, 20k students and hope for the future. Sounds like a good deal to me? Oh, and that pesky 90/10 rule goes away, GE goes away, VA money taps will get their restrictions taken off - party!!!

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Post ID: @2xht+PvMdwLY

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