There is nothing to worry about. Your information will come internally. Do not look at the stock market. Stock markets are for trolls (unless CCi is at $20 a share, then it's fine to take a quick peek).
4 replies (most recent on top)
All the DOE did was release title IV funds ahead of the 21 day delay period. It should be caught up by this time. The funds are not just for payroll, it can be used for normal everyday operational costs. It cannot be used for legal fees or to pay down debt or interest due on debt occurred. The pay reduction and cost cutting measures were implemented because this company is flat broke. They are only paying vendors when they cut off our credit account. As long as the vendor doesn't cut us off or if they are not needed they will not be paid. This is a company in desperation mode. The only source of income is from title IV and it is no where enough to keep CCi from sinking. I can't believe they are hiring recruiters and sending them out to sale $30,000.00 tickets for a seat on the Titanic. And even more amazing is, there are people out there buying the tickets!
Paycuts are to avoid layoffs or prevent the school from running out of money. DOE has designated funds strictly for payroll, so they don't bleed it dry for other things. They are 2 separate things. Payroll is secure only in that they can't puss the money away. That doesn't mean it's limitless or in any way designed to keep paying emotes it can't pay for.
With that big payroll fund, why would anyone even think of any "paycut." I'm sure you're right. There is nothing to worry about.
Fitzgerald approved the paycut. That is last weeks news.