One can't expect much from its students when more than half of the Executive Management team do not hold a masters degree and have limited experience in higher education. The salaries of some of these individuals is simply, dead weight. Clearly, they are not making an impact but are part of the problem.
Without a doubt, the company will continue to riff employees and hold out until the last minute to claim bankruptcy and open a new education company called Socle. Oh wait, they have.
I'd also like to comment on the call from yesterday blaming the poor quarter on the weather. Really? That is the worst excuse I have ever heard of. Let the investors see the books of all of the schools. I think they would be stunned to see how many are not turning a profit.