Thread regarding Education Management Corporation layoffs

I wanted to set the record straight on a comment made in a previous post: “Thanks Ed for the words of encouragement....We all need to be pumped up so that Exec's like you can take a 6 digit "bonus" while we drown these kids in excessive debt,worthless degrees and drive EDMC into the gutter...”. The fact is, I didn’t take a bonus this year. Nor did most of EDMC’s top management. We thought it would be inappropriate given these minor financial setbacks the company is facing. You see, times are tough for everyone, even CEO’s. Without that bonus, my income amounts to just under four million dollars a year. Keep in mind, I have a 78 acre estate to keep up. Four million doesn’t go as far as you might think. I’ve had to cut back on everything from the number of maids and gardeners I employ, to security. Watch this video: http://www.wtae.com/investigations/Whistle-blower-accuses-EDMC-of-falsifying-records-to-get-taxpayer-money/18535232 . You’ll notice that the TV reporter made it all the way up my driveway and to the front door because I now only have one security guard and he was on a break (By the way, start watching at 3:27 – there’s nothing to see before that). As you can see from the video, we didn’t even have anyone available to answer the door. And it’s not only me, the whole executive team is struggling. But we don’t want your pity. I assure you that our best days are still ahead. 2015 is going to be a great year! EDMC will rise from the ashes like a phoenix. We’ll be back to our 6 digit bonuses –mine is actually 7 digits – in no time. (Note to self: just in case things don’t work out, have assistant follow up on my job application to the University of Phoenix.)