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For-Profit College CEOs Reap Rewards of Weak Regulation

John Sperling, the CEO of the University of Phoenix, has cashed out $59 million in the company’s stock, according to the Huffington Post. Sperling’s shares have increased in value by almost twenty percent in the six weeks since the Department of Education issued a weaker-than-anticipated “gainful employment” rule governing the for-profit education industry. continue reading »