June 2, 2006
Shareholder Rebuffed by Career Education
The dissident stockholder of Career Education Corporation who has accused it of poor management appears to have failed to unseat three members of the company's Board of Directors with his own slate of challengers.
The shareholder, Steve Bostic, said in a statement that despite the apparent loss, his campaign had succeeded in highlighting "the need for greater accountability" by Career Education's board and management to the company's stockholders, employees, and its thousands of
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