https://oag.ca.gov/system/files/attachments/press_releases/Complaint%2C%20filed%20stamped_0.pdf
Moreover, CCI's strategy is to close or sell campuses that are not meeting
placement outcomes. This strategy is reflected in a May 5, 2012 e-mail exchange between the
Executive Vice President ofOperations, Bob Bosic, and the Division President of Wyotech
Michael Stiglich, referring to job placement metrics. Securities analyst reports concerning CCI
demonstrate that the market is aware ofand concerned about CCI's strategy of closing
underperforming schools.