Earlier this month, Business Insider reported that Apollo Education Group, the for-profit education company that operates the University of Phoenix, “is getting destroyed” on the stock market.
Dawn Bilodeau, Chief of the Defense Department’s Voluntary Education Program, had released the following statement: “The institution will not be authorized access to DoD installations for the purposes of participating in any recruitment-type activities. Further, no new or transfer students at the institution will be permitted to receive DoD tuition assistance.” She did add, however, that the enrollment of continuing students will not be affected, at least for now.
In response to this decision, Apollo attempted to downplay the situation, asserting that the Department of Defense had “put it on probation for using its logos without permission and holding events on military installations without the proper clearance.”
Technically, that statement is true.
But, very clearly, investors have taken the decision by the Department…
View original post 190 more words