Thread regarding Education Management Corporation layoffs

This report looks like they hired a law firm with several hundred people to sit around a table and brainstorm all the possible negative things that could happen in the world they could throw in the pot. Then break, everyone gets five topics and writes a paragraph on each no matter how obtuse. Cue the violins.

No CDR for California? Their so called average CDR rate which they claim is good leaves out an entire state with 5 to 10 schools! Calif has a lot of immigrants and we also have the highest drop out rate. Talk about selective information. I hope someone notices this.

Hmmm, I am not going to spend my day reading 85 pages, not part of EDMC. Can someone give us the short version in a sentence of two? So far its swings from taking things in stride and hurting students to a crime scene.

This report reads like a combination crime scene and eulogy.

There is a lot hanging in the threads right now. They talked about filing bankruptcy if the DOE doesn't accept the restructuring, doing privately traded stock, and also how one campus is already at risk for losing its Title IV funding based off of the fact it has not fallen within compliance for a year and trending not to hit again. I don't know specifically what campus, but they mentioned it has 27 programs and 2100 students. What is really scary is the fact that they stated they could not pay their financial obligations and do not see themselves being able to in the foreseeable future. These are all not good signs. That's what I got from it so far... Anyone else?

I think the best thing to do is just ignore the spammers. responding to them just gets them what they want - Some sort of attention. They probably live alone with no prospects and trolling here is the highlight of not just their day, but their life :-)

So, back to the question - Anyone here with a bg in business that can further decode the document? I'm just curious.

Bahahaha edmcpimp - more like edmcbitch. Grow a single ball first before coming on here to talk. It's clear that you are a reject from edmc - maybe a former student? It's obvious that someone like you probably didn't get past grade 9 in high school.

I'm confused how someone just posting something warrants a verbal bashing about their work ethic. Clearly the company is struggling it's no secret. Looking at it in black and white is a lot better than the evasive responses about where we are heading. By the tone if your post I assume you're a classy person that knows everything under the Sun. You're also probably one of the reasons this company is in such a powerful position in the field and has nothing to worry about. You are the one who seems like an idiot for not seeing things how they are. Grow up.

Anyone else see a trend here?

NeverBeenEDMCpimp (you can't be serious)

EDMC (must be children of a lesser God)

Ballkicker (I hate lazy cowards)

I suggest you stop being a douche bag. It's pretty obvious you're not intelligent and continue to spam the same bullshit over and over again. Please, do yourself a favor and stop trying to be witty and snarky. The more you post, the more obvious it is that you've failed out of an EDMC school.

you comment on things you have absolutely not even minimal understanding, what kind of mental slobs does this place hire--the company just went through an incredibly complex debt restructure--nobody knows yet how to report it how the f....k does that not look good? Idiot it means absolutely nothing--go back to hiding under your desk and under-performing--your kind always will need to worry about layoffs.

Hmmm. Basically warning over and over that new regulations will hurt business employees and students. That any of the numerous lawsuits, if lost, could result in losing student loan funding. That it's a tough racket and they are doing their best. That they appear to be taking things in stride and are wheeling and dealing. The SEC appears to have backed down in one instance. I just skimmed it. Any other insights?

Holy sweet baby jesus, it's 85 pages long.