APNewsBreak: Indian education head demoted in hiring flap: Unterschied zwischen den Versionen

Version vom 25. Juni 2016, 23:32 Uhr

Brown Mackie College. Brown Mackie College Facebook
Brown Mackie College, a for-profit college system with locations in 15 states, has ceased enrollment at 22 of its schools, The Consumerist reported.

Brown Mackie falls under the umbrella of Education Management Corporation (EDMC), the nation's second-largest for-profit college system. Goldman Sachs Capital Partners acquired EDMC in 2006, which retains partial ownership in the company today.
The announcement follows a similar pattern of downsizing for EDMC over the past year.

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FLAGSTAFF, Ariz. (AP) - The Latest on a report that found the director of the U.S.
Bureau of Indian Education violated hiring practices (all times local):
12:30 p.m.
The director of the U.S. Bureau of Indian Education has been demoted after a federal report found he violated hiring practices.
The Interior Department says it has removed Charles "Monty" Roessel as director due the gravity of the issues raised in the watchdog's report released Wednesday.

The department's Office of Inspector General found Roessel abused his position by hiring a close relative and a woman with whom he had a romantic relationship.
Roessel told investigators he hired the woman as a program analyst in Washington, D.C., because she was the most qualified candidate. He acknowledged fault in hiring his relative to work at Navajo Nation schools.

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Last May, The Art Institute, also owned by EDMC, announced it would shutter more than a dozen of its campuses. EDMC has also laid off hundreds of employees of its online division, according to The Consumerist.
In November, EDMC, payed $95.5 million to settle a case alleging the company falsely obtained federal and state education funds. The suit was the largest false claim settlement with a for-profit educational institute in history, according to US Attorney General Loretta E.

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EDMC currently has 110 locations in 32 states, according to its website. As of October 2015, it served 91,000 students.
Since 2012, EDMC's stock has plummeted, from more than $27 a share to less than 4 cents today. The company deregistered its common stock from the Nasdaq in 2014, and stopped reporting on its quarterly financials as a result. The same year, the company underwent a debt restructuring that converted lenders' loans to ownership stakes.

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