Can anyone share what's happening with FHEG?
9 replies (most recent on top)
Agree....snoozer
ZZZZZZZZZZZZZZZZZZZZZZZZZZZZ
Assume there is some financial book cooking, but either way the turn around this year is thanks to the innovation of Tom C, David H, Gary S, Doug T, Jay A and other previous senior leadership member. The only initiatives that new leadership talks about are those that were started by the previous leadership. They talk with pride how THEY turned thing around but we know the truth. This new team was at the right place at the right time. Results would have been even better under the old leadership. It was old leadership that put Chegg on the brink of failing. New leadership laid off tons of people with more to come as expense reduction is needed.
FHEG was a great option for many universities and colleges 20 years ago. Its flawed business model dependeded on high cost of acquisition being balanced out by high volume, high margin book and clothing business. It was slow to adjust to a rapidly changing marketplace. Even in the midst of the change, it continued its high cost acquisition by writing bad contract after bad contract. When the losses came home to roost, the company took out its failure on its front-line employees. Today, FHEG provides poor service to a shrinking core customer base while returning poorer returns to its shareholders. FHEG is like a T-Rex at a salad bar.
That's what's going on with FHEG
Secured golden parachutes most likely.
Any announcement that makes ML happy is probably bad for the employees. Maybe she will tell us about the big bonus she got.
Nobody knows, due to management not releasing numbers like past management had. That must mean they are fantastic! :). Big announcement: more layoffs, more experience jumping sinking ship, even more VP s from Kmart hired into home office gravy train, means only great things for the Company that is now KMEG.
Wow! That sounds wonderful....wait....that sounds just like what you said last year. And we all remember how well that turned out. Thanks for the misinformation ML/Edelman.
As previously posted on here, numbers are very close to target. Some a little higher and some a little lower. BIG announcement/opportunity coming soon.