From the rumors I've heard, here are the plans: a group of CCi execs "purchase" Socle for a few bucks, taking a lot of CCi's proprietary software with it. The group also purchases QuickStart Intelligence for cheap in some rumors. Once purchased, Socle becomes the new branding for a full-service proprietary education consulting company (I imagine presentations like "How to Fleece Taxpayers in Three Easy Steps"). The execs, still in charge of CCi, sell the more valuable properties (such as Heald) at way below market price, with the provision that the new owners must use Socle services for a set number of years. Therefore they, in effect, transfer what would have been part of the purchase price into their greedy little hands. I've heard that was the same trick that Global pulled, that it was started by the owner of several schools that CCi wanted to buy so an agreement was made that CCi had to use Global services for 15 years or something. We started SFS immediately when the contract was up. Even though SFS/Socle hasn't been that great, I think we can all agree it was 100% better than Global FAS. That's because Global didn't have to provide good service, since we had no choice but to use them. Jack & Co remember that deal and are incorporating it into their own sleazy plan. They really expect to make out like bandits while the rest of us are screwed. I've heard other rumors that Fitzgerald does nothing and has no clue what's going on, so they may get away with it.
6 replies (most recent on top)
Too bad a lot of the information (s)he stated is not correct. The possibility is always there for Socle to be made into a separate company; however, the ED will most likely put sanctions on all Executives barring them from having anything to do with proprietary schools or the industry including what Socle does for their clients.
Wow, someone is proving they are truly desperate to push down Socle posts! For those of you who have followed this board for awhile, think about it. Why does this always happen when a Socle post is put up, especially one that sounds like it contains insider info. Why the secrecy and desperation? Bizarre!
Anonymous38171 - I'll bet you'd like that rumor to die and everyone knows you're the same person who wrote the two posts below you, all of the bizarre, childish "Socle is mean" posts, and all of the nonsense posts designed to push the Socle discussions down. As it happens, this rumor has been around for several months now, and it makes a lot of sense. It explains why Socle is exempt from furloughs and are hiring and traveling like money is no object. It also explains a lot of the weird posts that have been on here the last three months, about Socle being "unrelated" and "spun off' of CCi and continuing on after it.
Give it 1 hour. Rumor will die.
Yeah. Another rumor that'll never happen.
SOCLE can suck it.