Quote from the WSJ: Former General Electric Co. Chief Executive Jack Welch is paying more than $2 million for a 12% stake in Chancellor University System LLC, which is converting formerly bankrupt Myers University in Cleveland into Chancellor University. It plans to offer most courses online. Chancellor will name its Master of Business Administration program The Jack Welch Institute. Chancellor's leading investor is Michael Clifford, an entrepreneur who has launched two publicly traded companies in the past year: Grand Canyon Education Inc., which operates Grand Canyon University, and Bridgepoint Education Inc., which operates Ashford University and University of the Rockies. Investor groups led by Mr. Clifford bought those three institutions out of troubled situations and converted them to primarily online universities. Mr. Welch's name may help add allure to for-profit, online education, which is growing rapidly despite nagging questions about quality Full article here: http://online.wsj.com/article/SB124562232014535347.html
Sweet, now we can learn how to layoff common folk (like those with "only" high school diplomas or A.A.'s) to effect our bottom line. Maybe a course on how to "allegedly" pollute the Hudson river. Maybe his name will give some "cred" to DL? Perhaps that is what they are banking on. I like the backhanded comments on the article about the lingering questions of DL. What about the overall lingering questions on the efficacy of a college degree? Cory
