Thread regarding Corinthian Colleges Inc. layoffs

Nothing new yet...arrrg

I just want to know what it will be to make plans for my future. I love the students. With a new buyer maybe things will change... Being optimistic.

CCI can't get loans because they broke covenants previously. Bank of America only gave them $9 milling & DOE $16 million. Heald for sale because it is the most lucrative to a buyer. Campus Presidents are being so evasive about any information. They are saying they have til midnight to reach deal. What is no deal is made with the DOE...then what? If a deal is made why do we have to wait until after the 4th? Just let us know so we can have a good long weekend with some piece of mind.

by Anonymous16813
| 504 views | | 6 replies (last ) | Reply
Post ID: @OP+wogmphQ
Comment! It's anonymous!

6 replies (most recent on top)

Your future= you are fired with no severance. All new buyers WILL clean house...warm up the resume, you are gonna need it.

by Anonymous16893
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Post ID: @UXY+wogmphQ

You don't need news to plan for your future. Assume the company won't last a week and plan accordingly.

by Anonymous16818
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Post ID: @U49+wogmphQ

You don't need news to plan for your future. Assume the company won't last a week and plan accordingly.

by Anonymous16817
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Post ID: @sHT+wogmphQ

Just get Buddist about it. There is no real security in this life so why bother with insecurity. I know it is frustrating but you just have to let it flow.

by Anonymous16816
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Post ID: @r2l+wogmphQ

Liquidation of assets to come soon. Any property they own will probably be sold along with equipment. A cost benefit analysis is probably being done with each campus. Own or lease? How much to break lease? Other campuses near by? What state/community options are to transfer students? Is the campus compliant? Is it worth continuing to seek programmatic accreditation for campus?

by Anonymous16815
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Post ID: @nOE+wogmphQ

CCi has about $26.6M in expenses every week. That $9M plus $16M is under a week in terms of expenses.

by Anonymous16814
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Post ID: @eGh+wogmphQ

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