3 Top Higher-Education Officials Step Down at Kaplan Inc.

July 20, 2011, 3:13 pm

The Washington Post Company announced on Tuesday that the chief executive officer and chief financial officer of its Kaplan Higher Education division, and the president of Kaplan Higher Education Campuses, are stepping down. The CEO, Jeffrey Conlon, and the president, Beth Hollenberg, are exploring other positions at Kaplan, while the CFO, Lionel Lenz, is not. The shake-up follows weak financial performance at Kaplan, which runs career-oriented colleges as well as Kaplan University and which provides most of the newspaper company’s revenue. Kaplan has recently faced slowing enrollments and increased regulatory pressure from the Education Department. It has also come under scrutiny by several states on accusations of spurious job-placement and graduation rates and overly aggressive recruiting tactics.

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richardtaborgreene

it is tough making money when one is honest——tough—–margins suffer when one delivers an honest service and product at honest prices—–honesty is bad for business in general. Honest is Bad Busines—the new USA bumper sticker
daddie

Not enough money! Incredible.

Kaplan University produces slick advertisements targeting poorer prospective students promising high salaries and sucking the U.S. Treasury’s Federal Direct Loans and Pell accounts for 90% of their revenues, leaving poor and minority students with a lifetime of debt.

Squeeze them for more!
willynilly

No one should over analyze these three fleeings. All three clearly see the handwriting on the wall. They want to be as far away as possible when the mustard hits the fan and the indictments start coming down.