Thread regarding Corinthian Colleges Inc. layoffs

Two ideas

What if all the employees got together and bought CCi? With the stock at .18 cents, if all the employees got together we could probably either buy it outright or have a controlling interest and decide if we want to make changes in management, marketing, etc. Has this been discussed at any of the campuses?

One other idea. Warren Buffet is a very successful investor and is worth hundreds of millions of dollars. He bought a bunch of stock in one of the banks during the housing crisis. If Mr. Buffet, investor Carl Icahn, or someone likes that buys us then they could fix the company. Obviously I doubt anyone here knows Mr. Buffet but perhaps someone at campus support can reach out to the investment bankers they hired and ask them about it. Thoughts?

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Post ID: @OP+wXOV5sn

21 replies (most recent on top)

Call Disney. Its a fantasy.

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Post ID: @12oY+wXOV5sn

Good idea

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Post ID: @1tvH+wXOV5sn

Heald has the same idea on its blog here. Not sure why, but Heald is separated from Corinthian on Thelayoff.com

Everest is not a good investment. Wyotech and Heald are.

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Post ID: @1GSL+wXOV5sn

Warren said he's in! He's buying it and giving it to emotes! Sorry troll. You don't get a piece of it. But you are a piece of shit.

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Post ID: @1bvO+wXOV5sn

I wouldn't waste a dime on the POS place!

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Post ID: @15Gt+wXOV5sn

The only way for vocations to succeed anymore is to teach out existing and begin training in new careers that don't require title IV funding. Truck driving, construction, solar techs, etc.. Otherwise they might as well pack it in and close all of the doors. I am surprised that there are any companies looking at the schools to buy them. Its a loss for them to dive in. I have heard that bankruptcy was and still is in the works. They are just buying time to make it all look like a legitimate effort was put forth before filing. They show be prosecuted for what they have done to employees and students. They don't care at all. They only care about the money they will walk away with. Fact is, they should voluntarily take a temporary pay cut of 100%. They created this mess. They should be the ones to absorb the burdens. Not the employee’s or students. Just wrong.

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Post ID: @1BXj+wXOV5sn

The onky way for vocations to succeed anymore is to teach out existing and begin training in new careers that don't require title IV funding. Truck driving, construction, solar techs, etc.. otherwisetheymight as well pack it in and close all of the doors. I am surprised that there are any companies looking at the schools to buy them. Its a loss for them to dive in. I have heard that bankruptcy was and still is in the works. They are just buying time to make it all look like a legitimate effort was put forth before filing. They show be prosecuted for what they have done to employees and students. They don't care at all. They only care about the money they will walk away with.

Fact is, they should voluntarily take a temporary pay cut of 100%. They created this mess. They should be the ones to absorb the burdens. Not the employee’s or students. Just wrong.

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Post ID: @1nVq+wXOV5sn

I'm a big spender; I'll pay up to 25 cents for a single share.

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Post ID: @bTE+wXOV5sn

This is no longer a good investment and when rules change so Military funding is included with Title IV it will be worse. CCI is not positioned to succeed in this sector in the future.

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Post ID: @t87+wXOV5sn

I'll take one share at 18 cents

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Post ID: @cwX+wXOV5sn

You might consider spending your money on something more promising. Perhaps a rat-infested, burned out apartment building, or a truck with no engine, no tires and damage to every body panel. Other than that, just donate the money to a worthwhile charity. Why would anyone want to buy this mess?

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Post ID: @lkJ+wXOV5sn

26054, we won't be around for changes.

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Post ID: @8ow+wXOV5sn

I think the big problem is that no knows how to educate the type of student that is attracted to CCi. Everyone agrees that if CCi continues to exist, changes need to be made. But nobody knows what these changes should be. If we get rid of all the low ability students, 95% of our income disappears, which means 95% of the jobs.

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Post ID: @Kbi+wXOV5sn

Buffet might not want to be involved in such an egregious company. I get you want to save your job and all the jobs but this isn't a viable way. Let this beast die and move on to something better. For profit education needs to be a thing of the past.

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Post ID: @efG+wXOV5sn

Why don't you call Warren Buffet and let us know what he says.

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Post ID: @SdL+wXOV5sn

It was just an idea. You don't have to attack me. So maybe we can't afford it but Warrant Buffett can. He could pay off the creditors and we could keep our jobs. There are tons of people who still need an education. People get rejected from UCLA, USC, etc. all the time. We could go after those students more.

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Post ID: @kvn+wXOV5sn

I do not think they will take less then 300 Million for the company to pay down the debt and pay off the shareholders. If each of us can just come up with about 20K it is possible.

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Post ID: @TdT+wXOV5sn

Yes let's do that. Then after we buy it figure out how to pay all the outstanding debt. Ha ha

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Post ID: @gxX+wXOV5sn

Great idea! Let's all call in sick tomorrow, meet at our campuses and pass the hat! If we don't get enough cash to buy CCI, maybe we can afford pizza and fireworks? Maybe some beer?

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Post ID: @e5A+wXOV5sn

I think you are a troll. Get over the stock crap.

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Post ID: @kjH+wXOV5sn

Who wants to pay 18 cents for something that likely has no value, and by no value, I mean less than zero.

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Post ID: @igY+wXOV5sn

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