May 6, 2014: "Ok, well, let's go another way, $28 million for a company that has about 100 campuses. Is that sufficient cash, or should I expect to find upper management down at the local payday lenders?" http://www.thelayoff.com/corinthian-colleges/post/5673236192821248 And that was about six weeks before the bomb was dropped.
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I heard that they are changing the DOFI title-taking the "director" off and cutting their pay in half.
Kiss the ring you dirty peasants!
Jack will pawn his pinky ring .
Wow. 28 mil will not cover much
Take a look at this letter: https://www.documentcloud.org/documents/1262350-may-13-2014-letter-from-ed-to-corinthian.html#document/p1/a172237
$28M was the reported cash on hand.
How many employees do we have12k? 28 million doesn't cover payroll. Where did the 28million come from?
Nothing that belongs to Jack!
"While infinite cash might be able to fix any problem, it’s only a long-term solution if the cash is truly infinite."