That was December 2010...The chief executive of the for-profit Corinthian Colleges chain resigned amid questions about the school's recruiting techniques and a plunge in its stock price.
Peter Waller's resignation, which was requested by the board, marked the second exit of a top executive at the Santa Ana-based chain in less than two months. In October 2010, Matt Ouimet quit the president post.
Jack Massimino stepped in saying that the company needed a leader with a different approach. Article from the LA Times:http://articles.latimes.com/2010/dec/02/business/la-fi-corinthian-ceo-20101202 ....It appears that the company is still awaiting that different approach. How's it going Jack?