CORINTHIAN COLLEGES, INC. EMPLOYEE ANNUAL REPORT | 2010
DELIVERING THE PROMISE Celebrating 15 years of changing students’ lives
LE T TER TO EMPLOYEES DEAR FELLOW EMPLOYEE: Last year’s employee annual report — our first ever — was so well received that we are making it a company tradition. This year, our report not only highlights and celebrates our 2010 accomplishments but recognizes Corinthian’s 15-year anniversary. We’ve included a timeline of the milestones we’ve achieved since our founding in 1995, as well as enjoyable interviews with several long-term employees. Our report theme this year — Delivering the Promise — focuses on how we are doing just that for students, graduates, employers, community partners and each other. During the last 15 years, change has been a constant, but so has our commitment to students. And it isn’t a one-time
promise we make; we stay with our students from start to finish and for the long term, with the offer of lifetime career placement assistance through our 750 career services representatives. Internally, Delivering the Promise means maintaining a work environment where every employee has the opportunity to help create the best career education company in the world. We pursue our mission in the context of eight core values that guide our behaviors. One of the most important of those values is integrity. We are committed to “walking the talk” — acting with integrity and transparency in everything we say and do, from strict compliance with all regulations to demonstrating ethical behavior inside and outside the company. For employers, we strive to produce job-ready applicants with
the skills and attitudes the workplace demands. We are working even harder during the current weak economy to develop partnerships with regional and national employers who can hire greater numbers of our graduates. Delivering the Promise to the communities we serve occurs on many levels, often through the individual efforts of our employees. Some of us serve on boards, while others donate time and effort to the charities in the communities near our campuses. Ultimately, however, the best contribution we can make is to help our students complete their programs, find employment, and become productive citizens in their own communities. While weâ€™re proud of what weâ€™ve done in the past, we are also engaged in important work that is vital to the future.
Peter Waller DELIVERING THE PROMISE
In 2010, private sector post-secondary schools came under scrutiny from federal lawmakers and regulators. We are working across party lines and with other private sector schools to craft sensible regulations that ensure access to post-secondary education and a fair value for students and taxpayers. We are also sharing our messages more broadly through the news media and a website - www.mycareercounts.org. The site is aimed at educating our employees and the public about current regulatory proposals affecting private sector postsecondary students.
line while Dream Award Winner Maricela Barrientes reminds us of the important work we do to help students succeed.
On behalf of the executive leadership team, I want to thank you for dedicating your work life to helping our students succeed. This yearâ€™s Dream Maker Nick Nazaretian is a testament to the important role we play in getting our students across the finish
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As we move into our 16th year as a company, I can promise you that change will continue to be a constant, as will our commitment to the noble cause of changing studentsâ€™ lives. I look forward to continuing our journey together.
Chief Executive Officer
2010 DREAM MAKER AWARD WINNER Even when Judge Peter N. “Nick” Nazaretian has a long day in his courtroom, he still looks forward to a night in the classroom. And so do his students. Nick is known on campus as a master storyteller, one who makes academic material come alive with real-life examples from his own career. When he teaches Civil Litigation, his students don’t just learn the processes. They also practice writing and presenting motions in his Hillsborough County courtroom. By some estimates, this Everest University veteran of nearly 20 years has helped more than 2,500 students pursue their career dreams. His graduates have entered the professional world in such roles as probation officers and court clerks, and some have gone on to law school.
Judge Peter N. “Nick” Nazaretian Paralegal Instructor Everest University, Tampa Campus
2010 DREAM AWARD WINNER In 2005, Hurricane Ike struck Maricela Barrientes’ Galveston home and wiped out the memories, awards and photographs that her family had accumulated over the years. With just the clothes on their backs, Maricela, her husband and five children worked to rebuild their lives. During that time, she saw a commercial for Everest’s Medical Assistant program and she soon enrolled, starting down a path to a new career and a better life.
Maricela Barrientes Graduated: May 2010 Everest Institute Houston Hobby Campus
“I never let obstacles and barriers stop me from achieving my dream of getting my house fixed and becoming self sufficient,” Maricela said. Now that she is employed as a medical administrative assistant, her dream has become a reality. DELIVERING THE PROMISE
CCI’S FIRST 15 YEARS In March of 1995, five veterans of private, post-secondary education formed Corinthian Schools, Inc. In 1996, the name was changed to Corinthian Colleges, Inc. — and the company became one of North America’s largest providers of private, post-secondary career education. CCi is proud of the resources it has invested in students and graduates.
Paul Lloyd St Pierre Holland
and CCi leaders followed with action. We consolidated brand names and brought our program into the internet age.
After a decade of rapid expansion, CCi leaders took stock of the company’s schools, programs and operational processes. They determined CCi needed to provide an outstanding and consistent student experience at every campus in “One CCi Way.”
Through operation Ignite!, we standardized the admission and financial aid processes. We standardized core curricula and began expanding the programs offered. The Inspire! initiative invigorated the classroom with faculty training, technology and interactive instructional techniques. Career Services re-focused its efforts on developing partnerships with local, regional and national employers and promised all graduates on-going career assistance.
In 2006, CCi’s leaders developed “The Big Five” operational priorities that transformed the company. Our Market Insights department talked with current and prospective students
Today, CCi has an operational template that can expand to serve greater numbers while delivering the quality career education that students deserve and expect.
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TIMELINE 1995 ■■ Corinthian Schools, Inc. (CSi) is founded by David Moore, Paul St Pierre, Dennis Devereux, Frank McCord, and Lloyd Holland. ■■ CSi acquires 16 schools from National Education Corporation, including Bryman Institute and NIT. ■■ The company’s first newsletter, The Corinthian Column, launches in August. 1996 ■■ CSi gets renamed Corinthian Colleges, Inc. ■■ Eighteen schools are acquired, including Duff’s Business Institute, Rochester Business Institute, Blair College and Las Vegas College.
First Parthenon award ceremony takes place in San Diego. 1997 ■■ CCi’s Blair College celebrates its 100-year anniversary. 1999 ■■ First online courses are offered. ■■ CCi acquires three Georgia Medical Institute schools. ■■ Initial public offering of stock is completed in February. CCi trades on NASDAQ stock market under the symbol “COCO.” ■■
Now at 16,000 students, 2,500 employees and $133 million in revenue. 2000 ■■ Academy of Business College (Everest College Phoenix) is acquired. ■■ Now at 45 schools in 18 states with 2,900 employees, including 1,700 faculty. 2001 ■■ Eleven more schools bring the total to 56 in 20 states. ■■ Now at 25,626 students and $244.2 million in revenue. ■■ Employees contribute $51,000 to 9/11 Relief Fund. ■■
WyoTech - Long Beach, CA 2002 ■■ Two WyoTech are schools acquired. ■■ Now at 63 schools in 21 states with 4,774 employees and 34,221 students. ■■ Forbes magazine names CCi founder David Moore Entrepreneur of the Year. 2003 ■■ CCi expands into Canada with acquisition of 45 CDI schools and 15 training centers. ■■ Ten Career Choices schools are acquired. ■■ Now at 52,000 students and revenue of $517.3 million in U.S. and Canada.
Company receives accolades from Forbes and The Wall Street Journal. ■■ Business Week ranks CCi its No. 1 topperforming small cap stock. 2004 ■■ International Training Center in Daytona is acquired (now WyoTech’s Daytona campus). ■■ Now at 64,810 students and 8,400 employees in the U.S. and Canada. ■■ Jack Massimino is named Chief Executive Officer of Corinthian Colleges, Inc. ■■
2005 ■■ Now at 128 schools and 15 training centers across the U.S. and Canada. ■■ Now at 72,383 students and 8,900 employees, including 4,100 faculty. ■■ Employees and company donate $20,000 to help those affected by Indonesian tsunami. 2006 ■■ Peter Waller joins CCi as President and Chief Operating Officer. ■■“The Big Five” operational priorities rolled out. ■■ Operations Ignite!, Inspire! and Project Unify are launched.
Heald - Modesto, CA 2007 ■■ Calendar 2007 graduate placement rate hits 84 percent. ■■ All non-WyoTech schools are rebranded as Everest. ■■ Medical Assistant graduate Tyerra Boyd is named first Dream Award winner. 2008 ■■ Student population grows by 12.8 percent. ■■ Revenue grows to more than $1 billion. ■■ Medical Assistant Instructor Doris Owen is named First Dream Maker Award winner.
2009 ■■ Jack Massimino transitions from CEO to Executive Chairman of the Board. ■■ Peter Waller named Chief Executive Officer. ■■ Free Gmail accounts are assigned to all incoming CCi students. 2010 ■■ CCi acquires San Francisco-based Heald College, adding 11 colleges and 13,000 students. ■■ Now at 110,580 students in U.S. and Canada.
New Online Service Center opens in Colorado Springs as online student population reaches 24,000. ■■ First new school in five years opens with Everest College in Fort Worth South. ■■ Cross Lanes, Fremont, Blairsville, Hamilton Mountain, Toronto South, Bremerton and Everett campuses in the No. 1 Compliance Club for five consecutive years. ■■
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EMPLOYEE VOICES While Corinthian Colleges is celebrating its 15th anniversary as a company, many of our schools are much older. Rochester Business Institute, Duff’s Business College and Bryman Schools all had long histories prior to joining the Corinthian family. To get a sense of the company’s early years, we asked longtime CCi employees to share their memories. Here’s what they had to say:
“I was originally hired in September 1982 at the Wilshire campus, which was known then as Bryman School, located at Wilshire and St. Paul streets downtown. I have been a part-time evening dental instructor ever since. The evolution of the dental program has been amazing. We have produced our share of wonderful dental professionals that are RDAs, RDHs, dental office managers, dental assistant instructors, and even Corinthian corporate employees.” Carolyn M. Goldsmith Everest College, West Los Angeles Campus 28-year employee, RDA, Evening Dental Assisting Instructor
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“There was also an outpouring of support from the entire CCi family. I feel privileged to work for an organization that puts its people first.” -Berta Williams Jefferson “The thought that comes to mind for me is the fabulous support CCi provided to employees who were affected by Katrina in 2005. I remember the overwhelming fear that I was experiencing during this time, not knowing where to go or what to do. For several days, all phone contact was lost until finally my cell phone rang and it was Beth Wilson (CCi EVP) and Steve Nodal (VP HR) on the other end. They were my angels that day and arranged housing, food and clothing for me and my family for the next couple months.” Berta Williams Jefferson Everest/WyoTech Central 21-year employee, Division Director of Education
“I remember a campus meeting where our (NEC) campus president told us that the school division was going to be sold … we were informed that no successful buyer from outside the company had been found, but that five employees from NEC were going to purchase certain schools and break off to form a new corporation. It was a very exciting and scary time. But we worked really hard to build Corinthian into the company it is today. I am sure that those of us who lived through that transition are very proud of what we built together.” Joan Jeong Everest College, San Francisco 28-year employee, Education Chair
“Although the leadership has changed over the years, CCi was, and still is, a great place to work. It is nice to still be part of the family.” -Danny Holder “It was at the beginning of year two in the company’s history when CCi made an 18-college acquisition from Phillips Colleges Inc. There were 16 colleges in Corinthian Schools, Inc. at the time. I was one of the corporate employees from Phillips Colleges that came over with the acquisition. It was apparent after the first day of meeting that the five jamokes (that is what they jokingly called themselves) — Dave, Paul, Frank, Dennis and Lloyd — were just five good guys who had a vision of how a proprietary school company should be run and were determined to create that company in CCi.” Danny Holder Campus Support Center, Santa Ana 21-year employee, Corporate Admissions Analyst
“During the internet boom of the late ‘90s, I moved into the expanding IT department as the junior webmaster. As our post-secondary and corporate training websites grew, both in size and different directions, I was promoted to the senior webmaster for post-secondary websites until we were purchased by Corinthian. I have seen a lot of changes over the last 20 years. The constant is the dedication of our employees to the success of our students, and to our own team.” James Haggerty Campus Support Center, Toronto 18-year employee Senior Programmer
“I really enjoy my students, although they are quite a different generation. I do see one quality that goes back to my days in school. We all want a better future.” -Lori Burch “When I won Instructor of the Year in 1999, my wife and I got to spend time with the five original partners. More recently, as a result of our Film/ Video Department winning first place in the “Operation Inspire!” video contest, I met with CEO Peter Waller. During the past 20 years Film/Video Department has received many awards including Best Music Video at the Fort Lauderdale film festival and Best Documentary in the state given out by the Florida Motion Picture and TV Association. Another highlight is that several of my students won Emmy awards as a result of working on the John Glenn Discovery Flight film at Kennedy Space Center.“
“I have been an employee since 1994. I was also a Dental Assistant student here in 1984. Things were different back then. We wore our hair up and it had to be tucked up under our hats — yes, we had to wear cute little nurse hats. We also had to endure white stockings and white uniform dresses and those lovely nurse shoes. Everyone was on time and never questioned the instructor’s authority. I remember volunteering my fingers for needle sticks and then having to pass a typing test with Band-Aids on each finger. Yeah, I passed. Graduation was 10 of us holding lit candles and saying the old Bryman pledge.” Lori Burch Everest College, Reseda 17-year employee, Dental Assistant Program Chair
Steve Wallen Everest University, Melbourne 20-year employee, Director, Film/Video Department DELIVERING THE PROMISE
THE BIG FIVE BUILD PEOPLE CAPABILITY CCi today has more than 16,000 employees working in 122 schools in the U.S. and Canada. As more students turned to us for their career education needs in 2010, we promoted 1,500 employees and hired 2,000 more staff, faculty and support. We recruited more than 50 people into director-level positions and above through an internal database of potential recruits, search firms, and job banks. In fiscal 2010, we invested more than $16 million in training for our employees and increased our online training hours from 21,000 hours to 65,000, saving the company $1.5 million. Eighty-eight percent of employees took part in our 2010 Employee Survey. We gave ourselves high marks for 15
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excellence, accountability and teamwork, which placed us on par with other high-performing companies. MY HEALTHY ADVANTAGE We are encouraged by the participation in our company wellness program, My Healthy Advantage. The program is designed to raise awareness of employee and family health issues and to encourage employees to take advantage of health screenings and assessments. By taking part in the wellness program, employees can earn points for raffle prizes and potential health insurance premium reductions. About 50 percent of our employees participate in the program and we hope to increase that percentage each year.
New school opens Fort Worth South BROADEN REACH TO STUDENTS In fiscal 2010, we significantly broadened our reach to students, reporting a healthy increase in student population compared with the previous year. To achieve this growth, we added new programs, acquired Heald College, expanded our online capabilities, recruited more students straight out of high school and opened new branch campuses. New campuses were opened in Fort Worth South, Texas, Modesto and Santa Ana, Calif. A new campus will soon open in Milwaukee, Atlanta, and two new campuses will soon open in the Chicago area.
To attract high school students to attend our schools after graduation, we have increased our admissions and presentation staffing from 250 to 450. Each day, we have 100 presenters talking to students in high schools across the United States giving resource presentations to make students aware of the educational choices we offer. Three years ago, we had 7,000 online students. By the end of 2010, we were serving 24,000-plus. These new online students and their busy schedules fit well with our education model. As our enrollment grows, we will expand in a disciplined manner to ensure our students continue to be well-served.
HEALD JOINS THE FOLD In early 2010, Heald College officially became part of the CCi family of schools, boosting our student numbers to more than 110,000, adding 11 new schools and more than 1,500 new employees. Founded in San Francisco in 1863, Heald College is now one of CCi’s oldest established schools. Heald has given us an increased presence in Northern California, Oregon and Hawaii; a growth platform for campusbased and online regionally accredited programs and a third strong brand. CCi, in turn, has already provided Heald with extra resources to invest in technology and other instructional
facilities and resources and the school is now equipped with wireless capabilities and increased bandwidth. Heald continues to contribute to CCi’s growth by adding a Twelfth campus in Modesto, Calif., and exceeding expectations for student and revenue growth. Distinguished alumni of the college include A.P. Giannini, the founder of Bank of America; “Trader Vic” Bergeron, a famous restaurateur; museum founder M.H. de Young; and Hiram Johnson, a former governor of California.
STRENGTHEN INFRASTRUCTURE To help our students pursue their career dreams, we must keep pace with technology and build a common IT infrastructure that will support us well into the future. Project Unify â€“ our $50 million initiative to unite eight legacy computer systems on the CampusVue platform â€“ is nearly complete. This major project integrates student accounts, academics, attendance, placement services, and admissions, allowing us to track student information from start to graduation. We also completed pilot programs at eight campuses for our Financial Aid Re-Engineering (FARE) initiative. FARE will provide our students with the most effective financial aid system
available and give our financial aid staff more automated tools. We upgraded our classroom technology during the year, installing hundreds of electronic whiteboards. The rollout was supported by an extensive training program to maximize faculty use of this new interactive technology and an in-house competition to find and promote best instructional practices. We created a best-in-class program to manage student loan default rates. With more than $10 million invested, we are seeing improvements in default rates. To meet future growth of both students and employees, we found ways to maximize existing space and class schedules. DELIVERING THE PROMISE
ENHANCE EDUCATIONAL PRODUCT AND DELIVERY Delivering an outstanding learning experience is at the core of what we do. In fiscal 2010 we substantially revised and upgraded the curricula for our largest entry-level health care program, Medical Assistant. The new version, Medical Assistant 2.0, has two additional modules and a wealth of new technologybased instructional resources. The new modules provide more focus on introductory concepts and, as a result of employer feedback, more in-depth training in medical software such as electronic medical records. We piloted the program during the year, and were pleased with the results. For our two-year business associate degrees, we created 19
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classrooms modeled in a real-world business environment, brought in guest speakers from key industries and expanded internship programs. These students are taught the soft skills â€” resume creation and interview techniques â€” that will help them get a job in their chosen career and get ahead. Our Online Division continued its growth with 327 courses, and we undertook a multiphase curriculum enhancement project and increased our faculty to 1,000. We will continue investing in our instructional programs to ensure that our students are equipped with the knowledge and skills they need to thrive in the work place.
EXECUTE RELENTLESSLY CCi employees are proud of the valuable education we provide to students, and according to bi-annual survey we do of campus operations and emerging trends, students recognize and appreciate that value.
We increased our job placement efforts and refocused Career Services on developing employer relationships and employer development. We now have partnerships with national and regional employers like CVS, Walgreens and Massage Envy, increasing career placement prospects for our students.
In those surveys, students were asked if they would recommend our schools and programs to a friend or family member. The most recent data show our favorable student satisfaction scores rose significantly, particularly for online students and those in the early months of their programs. Pharmacy Technician, Medical Assistant and Dental Assistant students rated their instructors highest. We believe students are satisfied because they receive value for their education dollars.
Finally, a study by the Washington D.C.-based Parthenon Group showed the training students receive from private, for-profit schools are even better than two-year public sector colleges. In fact, we outperform the public community colleges in higher graduation rates and improved income, further demonstrating the value we provide our students each and every day.
OUR VALUES INTEGRITY ■■ Always do the right thing, even when no one is looking. ■■ Create an environment where individuals can come forward with questions, concerns or mistakes. ■■ Be honest and be counted on to stick to the rules. ■■ Make daily actions consistent with words. ■■ Cast a shadow of integrity in everything you do. CUSTOMER RESPONSIVENESS ■■ Listen so you can understand needs and expectations. ■■ Own your customers’ success. ■■ Commit to a sense of urgency to exceed customer needs. RESPECT INDIVIDUALS ■■ Assume innocence, listen to understand and encourage different points of view. ■■ Treat others fairly — coach in private, praise in public. ■■ Give and receive honest feedback.
INNOVATION ■■ Challenge the status quo — imagine what might be — recognize breakthroughs. ■■ Anticipate and respond to met customer needs. ■■ Be open to bold ideas and continuous improvement. EXCELLENCE ■■ Identify and implement best practices to exceed expectations. ■■ Consistently follow through, deliver results and exceed goals. ■■ Demonstrate intellectual curiosity. ■■ Do it right, do it now. ACCOUNTABILITY ■■ Take ownership for results with a “can do” attitude and a sense of urgency. ■■ Focus energy on what can be done rather than blaming others. ■■ Be resourceful and innovative in overcoming obstacles and finding solutions.
TEAMWORK ■■ Value, respect and be open to the perspectives of others. ■■ Develop open, trusting, and respectful working relationships. ■■ Assemble the people and resources required to achieve results. POSITIVE ENERGY ■■ Be present and in the “now”. ■■ Maintain a confident and optimistic perspective. ■■ Contribute to a positive, upbeat and purposeful environment. ■■ Focus on “how” we can rather than “why” we can’t.
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PARTHENON FORUM X V “WE CHANGE STUDENTS’ LIVES; THEY CHANGE COMMUNITIES.” Parthenon is Corinthian’s annual salute to employee excellence. the work they do to improve the lives of our students, these Every year, the best-of-the-best from throughout the company employees of the year epitomize our eight values of Integrity, convene to share best practices and to be recognized for their Customer Responsiveness, Respect Individuals, Innovation, hard work and dedication, for achieving goals, or for special Excellence, Accountability, Teamwork and Positive Energy. contributions they’ve made to the organization. Through 23
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“I’m so fortunate to work with a great team of people who are very passionate and dedicated to what they do day to day, every hour, every minute for every student. It’s the reason Reseda Rocks!” Everest West Employee of the Year Dorit Soltanovich Director of Education Everest College, Reseda This five-time Parthenon winner does an impressive job of keeping both students and faculty engaged with her Positive Energy. Over the years, she has persuaded dozens not to drop out, but to continue their training. Four of her former students are currently part of her faculty team. It’s no wonder, a high percentage of the faculty report being satisfied with their jobs and turnover is very low.
“This award belongs to every employee at the Barrie Campus for their determination and commitment to our students. Knowing that my role plays a part in that is so very rewarding.”
Everest Canada Employee of the Year Carol Stanford, President Everest’s Barrie Campus Carol often takes time to talk with potential students, counsels those struggling with personal or financial challenges, and provides encouragement to graduates who are working to land that all-important first job in a new career. Her leadership skills and Customer Responsiveness set her apart from others as an impressive 96 percent of Barrie graduates were placed in jobs in the fields for which they trained.
“Although it is an individual award, it is not an individual effort. Without the divisional, regional, and local level leaders it would not have been possible. I greatly appreciate their support.”
Everest Central Employee of the Year Michael Stiglich Everest Central’s Division Vice President of Admissions Michael’s strength as a leader is complemented by a passion for success that drives him to make a real difference for students. Michael worked in collaboration with the WyoTech campuses and played an integral part in re-engineering the admissions model and refining the guide services culture. This 15-year company veteran is well-known and respected for his functional expertise and his commitment to Excellence.
“Our success was because of the hard work and dedication of the entire finance team and our cross functional teams and the remarkable leaders in the online division.”
Everest Online Employee of the Year Kristin Ervolina Associate Vice President of Student Finance for Everest College Phoenix Kristin stepped up to the challenge when she transferred from Florida to Everest College Phoenix. Kristin knew how to run a strong student financial aid operation, and she worked relentlessly to improve processes, people and service. As a result of her Innovation, students are spending more time on education and working toward new and fulfilling careers.
“Our job at the Campus Support Center is to do just that — support the campuses. To have the work that my team and I do recognized in this manner as making a positive impact on the campuses and the field makes us all feel great!” Campus Support Center Employee of the Year Kris Andreasen CCi’s Director of Admissions and Student Finance Training Kris has designed and developed training for not one, not two, not even three, but five major projects this year. Her commitment to excellence and innovation have influenced training related to Financial Aid Re-Engineering, the Cohort Default Rate project, Ignite! 2.0, high school admissions, and WyoTech Connect. Her Integrity shines through on a daily basis as current and former clients have been known to ask when faced with difficult decisions “WWKD?” That’s their shorthand for “What would Kris Do?”
“This award is not solely due to an individual achievement; but symbolizes the hard work and commitment by the entire staff and faculty of the Salinas campus — deliver the promise to our students.” Heald College Employee of the Year Maria Embry President Heald College in Salinas Maria is no stranger to tough times and that’s exactly what she was experiencing when she was introduced to Heald as an accounting student in 1991. Since then, Maria has consistently been promoted to leadership roles, rising to the role of Director of Financial Aid for Heald’s Hayward campus and ultimately President of Heald Salinas. Maria’s Respect for Individuals helped her take the Salinas campus from 293 students in 2007 to 1,375 students today.
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“I want to take this opportunity to thank my colleagues and especially Dave Whiteford, my boss, for his trust, confidence, and support.”
“Together we overcame challenges and executed on the plan to improve the overall student experience. The outcome speaks for itself.”
Everest South Division Employee of the Year Lars Vaaler Vice President of Finance Everest South
Everest Florida Employee of the Year Chris Tilley President of Everest Miami/Regional Vice President for Everest Florida South
Lars helps manage the CCi mystery shopper program to evaluate the company’s recruitment process and ensure that our employees keep the interest of the students as their top priority. Lars’ commitment to Accountability also helped him as he partnered with other division finance vice presidents and Campus Support Center staff to define and
Chris did a remarkable job this year in filling two job roles. Chris mobilized the leadership team, engaging them in a plan to put the campus on a path to success. Through this Teamwork, the school’s financial performance is strong and student and employee surveys reflect a significant increase in satisfaction.
shape the student loan default prevention strategy.
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GIVING BACK OUR EMPLOYEES SHOW THEY CARE It’s true that we change students’ lives and they change communities. But as a company, we also do our share to change and improve communities by giving back time and resources to organizations that share our goals and values. Over the last 15 years, CCi has provided millions of dollars in corporate sponsorships and philanthropy. SHARING OUR VALUES AND MISSION WITH THE COMMUNITY During the past four years, CCi has given more than half a million dollars to sponsor several organizations.
One of our largest contributions each year is to Jobs for America’s Graduates or JAG. JAG is a non-profit program dedicated to helping at-risk young people finish high school and make successful transitions to post-secondary education or meaningful employment. Since its inception 30 years ago, JAG has helped more than 750,000 students. This year the program is assisting 42,000 students in 32 states. JAG has been a long-term partner with CCi and every year we find new ways to work more closely together. High School, Inc. in Santa Ana, Calif., is also closely aligned with our mission, and each year we have donated $50,000 to this worthy cause. This innovative high school model has six learning academies that help students prepare for careers in top growth industries in Orange County, Calif., including automotive/transportation,
2010 Presidents’ Meeting Everest South team engineering/construction, global manufacturing and new media.
In addition to our financial contributions, we assist by providing volunteers, special projects, seminars and curriculum development. We offer field trips to industry facilities, internship opportunities, job shadowing and part-time positions. Besides JAG and High School, Inc., CCi also invests in the Consortium of Florida and California Education Foundations, AVID, Working Wardrobes, Houston Works USA, Volunteer Center of Orange County, Junior Achievement in Dallas and Colorado and other corporate partners who share our mission and values.
OUR HELPING HANDS HELP BUILD COMMUNITY INVOLVEMENT Our employees routinely contribute time and money to such organizations as Habitat for Humanity, Children’s Hospital of Orange County, Orangewood Children’s Foundation, Fairways to Habitat, the American Cancer Society, the Leukemia and Lymphoma Society, the Fresh Start Women’s Foundation and many more. We believe by giving back to the communities we serve that we are supporting our mission and investing in the future. We are proud of our employees and their involvements in those efforts.
DID YOU KNOW? Our very first Dream Award winner - Everest graduate Tyerra Boyd - has appeared on the Dr. Phil television show three times and has completed her training and his now qualified to be a full time nurse. ■■ In 2002, former Attorney General Janet Reno was the guest of honor at the graduation ceremonies at Everest University’s Melbourne campus. ■■ Edward Payson Heald was only 20 years old, when he traveled across the United States and opened the first Heald College in San Francisco on August 8, 1863. ■■
CCi has an online military program that helps members of the armed forces and their families get a career education. ■■ CCi hired 2,000 new employees in 2010 and promoted 1,500 to new positions. ■■ There are 1.2 million high school students living within commuting distance of our schools. ■■ Region One originated during Corinthian’s early years, and it was restarted in 2009. ■■ Otis Brown, lead singer of The Drifters, performed during the first Parthenon in 1996. ■■
Employees can get transportation reimbursements for carpooling or riding the bus or train. ■■ We have a hotline number where employees can anonymously report fraudulent, illegal or unethical behavior: 888-475-4907. ■■ Corinthian trades on the NASDAQ stock exchange under the symbol “COCO”. ■■ Thirty percent of CCi’s 1,000-plus online instructors hold doctorate, juris doctorate or master’s degrees. ■■
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FACULTY, STAFF AND STUDENTS ON OUR COVER Left to right: Bianca Rodriguez, Edgar Hernandez, Alyssa Lopez, Linnea Ray, Jennifer Varela, Sam Ortiz, Brian Haggarty
CCi’s Employee Annual Report is printed on Forest Stewardship Council (FSC) certified paper stock using soy-based inks. FSC is a not-for-profit organization that promotes responsible management of the world’s forests. To learn more about FSC, visit www.fsc.org.