Education Management Corp. was already a swiftly growing player in the lucrative world of for-profit higher education, with annual revenues topping $1 billion, but it had its sights set on industry domination. So, five years ago, the Pittsburgh company's executives agreed to sell its portfolio of more than 70 colleges to a trio of investment partnerships for $3.4 billion, securing the needed capital for an aggressive national expansion. BLOG POSTS | David Rohde: Wall Street's Long Occupation of the Middle Class An increasingly volatile American financial industry is helping and hurting average Americans to an unprecedented extent. The middle class is more entangled in Wall Street than ever before in U.S. history. And the American middle class is losing. | | Jared Dillian: The Tomb Is Sealed Few people understand that to balance the budget, or even to bring down the deficits to the rate of growth would require cutting the size of government by at least half and/or nearly eliminating entitlements. It really is true. | | Bob Burnett: Who Killed the Economy? Accounting Parasites Fixing the U.S. economy doesn't mean replacing capitalism with socialism -- that would bring another set of equally dire problems. The solution first requires taking parasitic accountants out of the corporate driver seat and replacing them with entrepreneurs. | | Robert Zevin: Investor Support for the Occupy Movement As socially responsible investors, we seek the same goals as those protesting. Therefore we stand alongside the Occupy movement, supporting freedom, transparency, human dignity, and responsibility. | | Charles Lupien: Canada's Anti-Spam Act a Serious Threat to Businesses I believe that this private right of action included in Canada's anti-spam act, which can be exercised as a class action, will pose a serious threat to large corporations who could be targeted by opportunistic plaintiffs. | | MOST POPULAR ON HUFFINGTONPOST.COM |
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