Thread regarding Corinthian Colleges Inc. layoffs

What's going on with Socle?

I was let go in February and curious to know how things are going (doing great now, by the way). They have a few small clients. Surely they can't be expecting to keep them now? They've been desperately backdating everything so it looks like Socle started in 2009 and is a separate company. I could see the nitwits in charge imagining that they're going to be immune from anything that happens to CCi. What are they saying? Are they still hanging out all day guffawing while everyone else works? LOL

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Post ID: @OP+wpswxKI

38 replies (most recent on top)

You have no idea what this involves. But you'll see.

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Post ID: @1o4j+wpswxKI

Anonymous17805- SOCLE signed the note, and it's not like your funds are separate. SOCLE dollars are not painted pretty pink...

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Post ID: @19W1+wpswxKI

Socle makes their own money and runs their own game. And that just irritates a lot of people here. Current clients are under contract so there's not much they can do, and I can tell you that they don't care anyway. We're getting paid and that's the bottom line.

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Post ID: @wrA+wpswxKI

How many students does it take to pay $110k to our guy in IT?

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Post ID: @hSQ+wpswxKI

Not sure what you mean by 110K = how many students?

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Post ID: @ivJ+wpswxKI

$110K a year = how many students?

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Post ID: @D2U+wpswxKI

If Socle is still here I will collect my ~$2390.00 paycheck after taxes on 7/11. If I am wrong I will go to another job that pays me 110K a year as a member of IT. Either way I come out a winning. Lots of jobs in OC for experienced IT people and I am just bidding my time because I can.

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Post ID: @Vtx+wpswxKI

It has nothing to do with the privacy policy, but rather, the way the board is setup.

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Post ID: @tOz+wpswxKI

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Post ID: @Cen+wpswxKI

How did they get their posts deleted? We need page 2--this only shows the first 20 replies. Write to thelayoff.com and make a suggestion to fix this. Happens on all threads with over 20 replies.

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Post ID: @Wvb+wpswxKI

There seem to be posts deleted here. There were a few that said things like "Socle is unrelated to CCi" and "Socle has nothing to do with the Dept of Ed actions." Obviously the posters (we know who you are) thought twice about lying blatantly, especially after they were called out. How did they get their posts deleted? I didn't know they could do that.

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Post ID: @iVs+wpswxKI

FYI, leadership @ SFS = Kim Dean, Dave Shuma, Michael Holmes, Vanessa Flowers, Tony Parachini, Tina Faulkner, David Stinsman, John Knost. Leadership @ Socle? Oh yeah, the exact same. The rest of the staff (well most of them) are okay. These are the lead assholes who are probably the ones posting bullshit here. Shame on them!

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Post ID: @oxV+wpswxKI

SOCLE signed the note. SOCLE is liable for CCi's debt, and that's not going to easily disappear.

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Post ID: @4xR+wpswxKI

Not an internal financial aid processing center for CCI? You will agree that SFS certainly WAS an internal financial aid processing center for CCi until 2013, correct? Until what is really just a name change, but you seem to have been told is much more. Anyway, who are the executives in charge? List the directors and managers who ran SFS in December of 2012 and tell us what the new line-up is? Same people? Same address? had to sign the agreement with ED? Fully owned and operated as a subsidiary of CCi? What the HELL do you not get? Or are you really still trying to bamboozle folks with your bullshit?

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Post ID: @obu+wpswxKI

http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=245633140 Seriously, you people don't understand that your company is going away? You're still saying shit like "no CCi stuff is done in Socle"?!? How stupid can a person be?

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Post ID: @Ihb+wpswxKI

It's all very funny to y'all, but those of us who still work here are just now catching on. We've been told none of the CCi news has anything to do with us or our jobs. It sucks to be us. I hope the asshole managers here rot in hell!

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Post ID: @7a5+wpswxKI

yeah... what 17668 said...

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Post ID: @u3Q+wpswxKI

Socle business model is set only on administrating not selling education or running campuses. So we are providing a service to colleges and nothing more. The only part of CCI that Socle relies upon is money. Anonymous17660 why should anyone investigate Socle and it is not an internal FA processing center for CCI? No CCI stuff is done in Socle, I know because of how CampusVue is set up and configured in Socle.

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Post ID: @X7B+wpswxKI

17682 - Trust me, whatever you've experienced at CCi is NOTHING next to the shit that goes on at "Socle." They are the biggest bunch of dumb-assed barnyard critters that I have ever worked for! Blatantly lying about who owns them is NOTHING!

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Post ID: @iBU+wpswxKI

But the company ordered checks that say "SOCLE!" How could this SOCLE possibly have anything whatsoever to do with CCi. CCi would never deceive me!!! NEVER!!!

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Post ID: @UpY+wpswxKI

http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=245633140

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Post ID: @Jkt+wpswxKI

Previous post listed two websites - they kinda ran together.

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Post ID: @3YH+wpswxKI

So there it is. Shame on you 17654 for your blatant lie! You are the very worst of CCi and what caused this whole mess! You and the rest of your imbecilic chortling herd!

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Post ID: @PN9+wpswxKI

Socle is a Delaware corporation formed in September 2012 and registered in California in February 2013. https://delecorp.delaware.gov/tin/controller http://kepler.sos.ca.gov/

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Post ID: @YqE+wpswxKI

If SOCLE has nothing to do with CCi, why did SOCLE sign the so-called "second amendment?" http://www.sec.gov/Archives/edgar/data/1066134/000110465914049394/a14-16284_1ex10d1.htm

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Post ID: @QJl+wpswxKI

17654 - would you care to tell us your position with "Socle"? Why would you say that it has nothing to do with CCi?

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Post ID: @gLR+wpswxKI

It IS odd. I thought Socle was CCI also. Looking them up there is no information on ownership or incorporation and their address is CCi's corporate address. There's a game afoot here people.

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Post ID: @27K+wpswxKI

SOCLE is 100% owned and operated by CCi.

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Post ID: @bAh+wpswxKI

If there are any financial reporters reading this site, you need to get on this story. CCi is going to try to hide assets in "Socle" which is another name for their internal financial aid processing center. This needs to be investigated and tracked.

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Post ID: @QoU+wpswxKI

My paycheck reflects that CCI stopped signing my checks on 01/2013 SOCLE now pays my check.

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Post ID: @ufO+wpswxKI

Socle is owned by CCi. When was it formed again? A lot of people are curious.

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Post ID: @mWW+wpswxKI

They'll try to sell Socle like they're doing with Heald, but I can't see anyway wanting to take on the regulatory risk for so few clients. It'll probably be dissolved and sold off for assets.

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Post ID: @Cwb+wpswxKI

SOCLE is a different entity and has nothing to do with CCI

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Post ID: @YnC+wpswxKI

But the other colleges are going to be catching on about Socle and their true history. There'll be people on this board who make sure that they do. ED isn't happy with CCi in general, and has had lots of whistleblowers whispering in their ears about SFS. No way this ends well for Socle, especially with all the creditors that CCi is going to have.

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Post ID: @kzc+wpswxKI

Well Socle has a 10k client for FA going live on Monday. Grace Divinity is on-board and doing well. We just signed another client in Texas yesterday or Tuesday. BTW the DoE has nothing to do with Socle because we only administrate.

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Post ID: @fDZ+wpswxKI

What is being spread around as management directed rumors and what I believe are two different things. We're basically being kept in the dark like everyone else and psychologically manipulated to keep us dutifully toiling away. Same old, same old CCi bullcrap.

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Post ID: @Uwg+wpswxKI

God, the directors are a jolly lot, aren't they? Ha ha!

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Post ID: @Bcc+wpswxKI

"They've been desperately backdating everything..." Not CCi. They would never do that!

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Post ID: @Mir+wpswxKI

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