Matches in DBpedia 2016-04 for { <http://wikidata.dbpedia.org/resource/Q5340903> ?p ?o }
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- Q5340903 abstract "Education Management Corporation ("EDMC") is a Pittsburgh, Pennsylvania-based operator of for-profit post-secondary educational institutions in the United States and Canada. The company was founded in 1962 and was delisted from the NASDAQ in November 2014. From June 2013 to June 2014, the company eliminated about 2,600 positions, and campuses have been closed or are in the process of closing.In 2011, EDMC and its subsidiary, the Art Institutes, received greater public scrutiny with the release of the Frontline documentary: Educating Sergeant Pantzke. In the documentary, Iraq war veteran Chris Pantzke discussed the lack of disability services at the school. According to Pantzke, "Being a soldier, you don’t want to quit, you don’t want to give up or fail." But after doing his own research, Pantzke concluded that the degree he was pursuing wasn’t "worth much more than the paper is worth". And he felt he was "throwing away taxpayer money” by using GI Bill funds.EDMC has faced significant financial problems, including a 99% drop in the value of its stock and a defaulted bond rating (to junk bond status). Under a pending agreement, shareholder stock value will be diluted an additional 96%. Moody's credit rating service in January 2015 dropped EDMC to its lowest rating, D-PD. EDMC's CEO, Edward West, resigned from the company on August 28, 2015, "to pursue other interests". The company was never profitable under his leadership.It currently operates 110 schools through its four higher education systems: Argosy University, The Art Institutes, Brown Mackie College and South University. Enrollment for 2014 stood at 120,920. According to EDMC, student enrollment is projected to decline to 109,890 in 2015.EDMC has been the subject of several lawsuits and investigations alleging that the company made misleading claims in its efforts to recruit students.On Nov. 16, 2015, federal and state authorities announced a $95.5-million settlement resolving a whistleblower case in which former EDMC employees said the company was "illegally paying recruiters based on the number of students they enrolled."".
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- Q5340903 name "Education Management Corporation".
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- Q5340903 comment "Education Management Corporation ("EDMC") is a Pittsburgh, Pennsylvania-based operator of for-profit post-secondary educational institutions in the United States and Canada. The company was founded in 1962 and was delisted from the NASDAQ in November 2014.".
- Q5340903 label "Education Management Corporation".
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