Business

Corinthian Colleges Shuts Down, Ending Classes for 16,000 Overnight

by M. Alex Johnson I n what’s believed to be the biggest shutdown in the history of higher education in the United States, Corinthian Colleges said Sunday it’s closing its remaining 28 for-profit schools effective immediately, kicking about 16,000 students out of school.Corinthian, based in Santa Ana, California, said in a statement and an email to students that it would lean on government agencies and other institutions to place the students, who were enrolled at Heald College locations in California, Hawaii and Oregon and at Everest and WyoTech locations in California, Arizona and New York.Read the rest of the story at NBC News.

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From LinkedIn: Jack Welch: Skip the Traditional MBA

N o living person is more closely linked with the concept of business leadership than Jack Welch. Even for those who have never put a foot on the corporate ladder, who couldn’t tell Six Sigma from Six Flags, Welch’s name is instantly recognizable. During his time as CEO of GE — a two-decade span that started in 1981 — he took it from a $14 billion company that was thought of mostly as fine but lumbering to a $500 billion one that was fast, full of talent and willing to take risks (though GE is now unwinding some of those big bets).

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