(12-08-2021, 11:41 PM)hounddoghowlie Wrote:Quote:U.S. Magis International is owned by a Chinese businessman and was established to acquire and operate colleges in the U.S., Xu said. An online search shows Tao Tao Zhang is listed as the company’s CEO and it was established in 2011.
“This will be the first one. If we do this successfully there will be more,” Xu said. “The owner has a college and other businesses in China.”
Former Virginia Intermont campus sold at auction for $3.3 million
So they run schools in China, and if this one succeeds their going to open new ones. Bet there will be a lot of revisionist history taught there.
There was something fishy about the purchase - they turned down an offer of 5 million to go with the Chinese offer of 3.3 mil instead, which is not a sound business decision. Especially unsound in light of the fact that they still, after several years, own faculty and staff of the former institution an aggregate of around 5 mil in salaries, and there is about 15 to 20 mil in repairs needed to make the place functional.
I went to school there for a while. I know it's vulnerabilities, and what needs to be blown up to bring it down. Red Star Productions will not be driving their trucks along my highways.
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Diogenes was eating bread and lentils for supper. He was seen by the philosopher Aristippus, who lived comfortably by flattering the king.
Said Aristippus, ‘If you would learn to be subservient to the king you would not have to live on lentils.’ Said Diogenes, ‘Learn to live on lentils and you will not have to be subservient to the king.’
Said Aristippus, ‘If you would learn to be subservient to the king you would not have to live on lentils.’ Said Diogenes, ‘Learn to live on lentils and you will not have to be subservient to the king.’