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Company Overview of The University of Phoenix, Inc.
The University of Phoenix, Inc. is an educational institution that offers undergraduate, graduate, and doctoral programs. The institution provides courses in business, criminal justice, education, health care, human services, information technology, management, and nursing. It was founded in 1976 and is based in Phoenix, Arizona. The University of Phoenix, Inc. operates as a subsidiary of Apollo Education Group, Inc.
3157 East Elwood Street
Phoenix, AZ 85034
Founded in 1976
Key Executives for The University of Phoenix, Inc.
Senior Vice President and Director
Senior Vice President of Integrated Academic Strategies and Development and Head of Academic Programming
Senior Vice President of Academic Affairs and Provost
Senior Vice President of Academic Research
Compensation as of Fiscal Year 2016.
The University of Phoenix, Inc. Key Developments
Apollo Education May Review Alternatives For University of Phoenix
Apr 26 16
Apollo Education Group, Inc. (NasdaqGS:APOL) may review various strategic alternatives including a sale of the The University of Phoenix, Inc. in case its shareholders vote against the proposed takeover by a consortium of investors.
University of Phoenix to Lay Off Nearly 500 Employees Across All Markets
Apr 5 16
University of Phoenix is laying off another round of employees - this time about 470 positions are being eliminated across all markets - as part of its five-year transition plan. Significant workforce reduction came after careful deliberation and analysis with a focus on streamlined workflow serving fewer students than in years past, improved use of technology and ultimately an approach that ensures UOP students have the transformative experience that leads to higher retention and improved learning outcomes. The layoffs represent nearly 8% of UOP's workforce of 6,000 employees.
Former Employee Files Whistle-Blower Lawsuit Against The University of Phoenix
Mar 9 16
A disgruntled former employee has filed a whistle-blower lawsuit against the University of Phoenix, alleging the university received payment from the federal government by submitting false claims. Arthur Green, a former UOP employee in Cleveland, filed a qui tam complaint under the Federal False Claims Act. The lawsuit, United States of America ex rel. Arthur Green v. University of Phoenix, et al, was sealed in the U.S. District Court for the Northern District of Ohio. When they file this type of lawsuit, it is sealed to protect their identity until the U.S. Department of Justice decides whether to join them on behalf of taxpayers whose money was used to pay certain educational programs, such as student financial aid. On March 3, 2016, the court unsealed the lawsuit, which spurred UOP's parent, Apollo Education Group Inc., to notify the SEC that executives know that the company is facing this lawsuit. In this case, the U.S. Department of Justice decided not to intervene in the case, according to the 8-K filing, which can be viewed as a positive sign for UOP. The complaint alleges, among other things, that since July 2008, UOP has violated the Federal False Claims Act by falsely certifying to the U.S. Department of Education that the university was in compliance with various regulations under the U.S. Higher Education Act, according to the SEC filing. Green's lawsuit alleges UOP was not in compliance with federal regulations because of the way the university prepared student financial aid forms and how employees participated in student financial aid programs. He is seeking unspecified damages on behalf of the U.S.
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