You knew that today's announcement was coming. Investors holding CPLA will see more changes and more folks leaving for "personal" reasons or "to pursue other interests". But what would you expect from a firm that pushed employees out the door as they stacked up boxes in the corridors. Classless, but then again, why expect anything from a firm headed by a guy that schlepped schlock doors and windows for a living before being selected (what was that Board thinking) to be the CEO.
CPLA is in need of a marketing effort akin to a resurrection. Unfortunately, the Marketing at CPLA has been DOA for quite some time ... and it shows.
This firm enjoyed an initial run up then the founder and his team stepped away ... and it shows. Enrollment will continue to decline, the Fed is about to come down hard on for profit universities and CPLA will trend downward.