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University Of Phoenix
University of Phoenix (UoPX) is a private for-profit university headquartered in Phoenix, Arizona. Founded in 1976, the university confers certificates and degrees at the certificate, associate, bachelor's, master's, and doctoral degree levels. It is institutionally accredited by the Higher Learning Commission and has an open enrollment admissions policy for many undergraduate programs. The school is owned by Apollo Global Management, an American private-equity firm. History Foundation and rapid growth (1970s - 2000s) University of Phoenix was founded in 1976 by John Sperling and John D. Murphy. In 1980, it expanded to San Jose, California, and launched its online program in 1989. Much of UoPX's revenue came from employers who were subsidizing the higher education of their managers. Academic labor underwent a process of unbundling, in which "various components of the traditional faculty role (e.g., curriculum design) are divided among different entities, while others (e.g., ...
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John Sperling
John Glen Sperling (January 9, 1921 – August 22, 2014) was an American billionaire businessman who is credited with having led the contemporary for-profit education movement in the United States The fortune he amassed was based on his founding of the for-profit University of Phoenix for working adults in 1976, which became part of the publicly traded Apollo Group. Sperling brought the business model of higher education to the forefront, a model that employed the scientific management of higher education to the forefront: diminishing the power and importance of labor, increasing the importance of technology, marketing and advertising, and as University of Phoenix cofounder John D. Murphy explained, maximizing profit. For ventures ranging from pet cloning to green energy, he has widely been described as an "eccentric" self-made man by ''The Washington Post'' and other media. Early life and education Sperling was born to a poor sharecropper family in the Missouri Ozarks. His fath ...
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Apollo Education Group
Apollo Education Group, Inc. is an American corporation based in the South Phoenix area of Phoenix, Arizona, with an additional corporate office in Chicago, Illinois. The company owns and operates several higher-learning institutions, including the University of Phoenix, BPP Holdings in the United Kingdom, University for the Arts, Sciences, and Communication in Santiago, Chile, and Universidad Latinoamericana in Mexico. On May 8, 2016, the company announced its sale to a group of private investors for $1.14 billion, effectively going private. On February 1, 2017, Apollo Education Group Inc announced the completion of its acquisition by a consortium of investors including The Vistria Group, LLC and funds affiliated with Apollo Global Management, LLC. History Founding Apollo Education Group, Inc. was founded in 1973 by John Sperling and John D. Murphy. Apollo Group as a Publicly Traded Corporation (1994–2016) Corporate revenues for the year ending August 31, 2005 were $2.251 ...
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Private University
Private universities and private colleges are institutions of higher education, not operated, owned, or institutionally funded by governments. They may (and often do) receive from governments tax breaks, public student loans, and grant (money), grants. Depending on their location, private universities may be subject to government regulation. Private universities may be contrasted with public university, public universities and national university, national universities. Many private universities are nonprofit organizations. Africa Egypt Egypt currently has 20 public universities (with about two million students) and 23 private universities (60,000 students). Egypt has many private universities, including The American University in Cairo, the German University in Cairo, the British University in Egypt, the Arab Academy for Science, Technology and Maritime Transport, Misr University for Science and Technology, Misr International University, Future University in Egypt and ...
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Unbundling
Unbundling is a neologism to describe how the ubiquity of mobile devices, Internet connectivity, consumer web technologies, social media and information access in the 21st century is affecting older institutions (education, broadcasting, newspapers, games, shopping, etc.) by "break ngup the packages they once offered (possibly even for free),https://groups.google.com/d/topic/alt.folklore.computers/RZA6FD27Tc0 a discussion group: OS/360: Forty years providing particular parts of them at a scale and cost unmatchable by the old order." Unbundling has been called "the great disruptor". Etymology "Unbundling" most basically means simply the "process of breaking apart something into smaller parts." In the context of mergers and acquisitions, unbundling refers to the "process by which a large company with several different lines of business retains one or more core businesses and sells off the remaining assets, product/service lines, divisions or subsidiaries." Examples *Massive ...
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Phoenix Business Journal
American City Business Journals, Inc. (ACBJ) is an American newspaper publisher based in Charlotte, North Carolina. ACBJ publishes The Business Journals, which contains local business news for 44 markets in the United States, Hemmings Motor News, Street & Smith's Sports Business Daily, and Inside Lacrosse. The company is owned by Advance Publications. The company receives revenue from display advertising and classified advertising in its weekly newspaper and online advertising on its website and from a subscription business model. The bizjournals.com website contains local business news from various cities in the United States, along with an archive that contains more than 5 million business news articles published since 1996. As of August 2021, it receives over 3.6 million readers each week. History The company was founded in 1982 by Mike Russell with the launch of the Kansas City Business Journal. In 1985, the company became a public company via an initial public offering and ...
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Overtime
Overtime is the amount of time someone works beyond normal working hours. The term is also used for the pay received for this time. Normal hours may be determined in several ways: *by custom (what is considered healthy or reasonable by society), *by practices of a given trade or profession, *by legislation, *by agreement between employers and workers or their representatives. Most national countries have overtime labour laws designed to dissuade or prevent employers from forcing their employees to work excessively long hours (such as the situation in the textile mills in the 1920s). These laws may take into account other considerations than humanitarian concerns, such as preserving the health of workers so that they may continue to be productive, or increasing the overall level of employment in the economy. One common approach to regulating overtime is to require employers to pay workers at a higher hourly rate for overtime work. Companies may choose to pay workers higher overti ...
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United States Department Of Labor
The United States Department of Labor (DOL) is one of the executive departments of the U.S. federal government. It is responsible for the administration of federal laws governing occupational safety and health, wage and hour standards, unemployment benefits, reemployment services, and occasionally, economic statistics. It is headed by the Secretary of Labor, who reports directly to the President of the United States and is a member of the president's Cabinet. The purpose of the Department of Labor is to foster, promote, and develop the well being of the wage earners, job seekers, and retirees of the United States; improve working conditions; advance opportunities for profitable employment; and assure work-related benefits and rights. In carrying out this mission, the Department of Labor administers and enforces more than 180 federal laws and thousands of federal regulations. These mandates and the regulations that implement them cover many workplace activities for about 10 m ...
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Austin Business Journal
American City Business Journals, Inc. (ACBJ) is an American newspaper publisher based in Charlotte, North Carolina. ACBJ publishes The Business Journals, which contains local business news for 44 markets in the United States, Hemmings Motor News, Street & Smith's Sports Business Daily, and Inside Lacrosse. The company is owned by Advance Publications. The company receives revenue from display advertising and classified advertising in its weekly newspaper and online advertising on its website and from a subscription business model. The bizjournals.com website contains local business news from various cities in the United States, along with an archive that contains more than 5 million business news articles published since 1996. As of August 2021, it receives over 3.6 million readers each week. History The company was founded in 1982 by Mike Russell with the launch of the Kansas City Business Journal. In 1985, the company became a public company via an initial public offering and ...
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The Arizona Republic
''The Arizona Republic'' is an American daily newspaper published in Phoenix. Circulated throughout Arizona, it is the state's largest newspaper. Since 2000, it has been owned by the Gannett newspaper chain. Copies are sold at $2 daily or at $3 on Sundays and $5 on Thanksgiving Day; prices are higher outside Arizona. History Early years The newspaper was founded May 19, 1890, under the name ''The Arizona Republican''. Dwight B. Heard, a Phoenix land and cattle baron, ran the newspaper from 1912 until his death in 1929. The paper was then run by two of its top executives, Charles Stauffer and W. Wesley Knorpp, until it was bought by Midwestern newspaper magnate Eugene C. Pulliam in 1946. Stauffer and Knorpp had changed the newspaper's name to ''The Arizona Republic'' in 1930, and also had bought the rival ''Phoenix Evening Gazette'' and ''Phoenix Weekly Gazette'', later known, respectively, as ''The Phoenix Gazette'' and the ''Arizona Business Gazette''. Pulliam era Pulliam, ...
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The Wall Street Journal
''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published six days a week by Dow Jones & Company, a division of News Corp. The newspaper is published in the broadsheet format and online. The ''Journal'' has been printed continuously since its inception on July 8, 1889, by Charles Dow, Edward Jones, and Charles Bergstresser. The ''Journal'' is regarded as a newspaper of record, particularly in terms of business and financial news. The newspaper has won 38 Pulitzer Prizes, the most recent in 2019. ''The Wall Street Journal'' is one of the largest newspapers in the United States by circulation, with a circulation of about 2.834million copies (including nearly 1,829,000 digital sales) compared with ''USA Today''s 1.7million. The ''Journal'' publishes the luxury news and lifestyle magazine ' ...
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Arizona Republic
''The Arizona Republic'' is an American daily newspaper published in Phoenix. Circulated throughout Arizona, it is the state's largest newspaper. Since 2000, it has been owned by the Gannett newspaper chain. Copies are sold at $2 daily or at $3 on Sundays and $5 on Thanksgiving Day; prices are higher outside Arizona. History Early years The newspaper was founded May 19, 1890, under the name ''The Arizona Republican''. Dwight B. Heard, a Phoenix land and cattle baron, ran the newspaper from 1912 until his death in 1929. The paper was then run by two of its top executives, Charles Stauffer and W. Wesley Knorpp, until it was bought by Midwestern newspaper magnate Eugene C. Pulliam in 1946. Stauffer and Knorpp had changed the newspaper's name to ''The Arizona Republic'' in 1930, and also had bought the rival ''Phoenix Evening Gazette'' and ''Phoenix Weekly Gazette'', later known, respectively, as ''The Phoenix Gazette'' and the ''Arizona Business Gazette''. Pulliam era Pulliam, ...
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Higher Education Act Of 1965
The Higher Education Act of 1965 (HEA) () was legislation signed into Law of the United States, United States law on November 8, 1965, as part of President Lyndon Johnson's Great Society domestic agenda. Johnson chose Texas State University (then called "Texas State University#Name changes, Southwest Texas State College"), his alma mater, as the signing site. The law was intended "to strengthen the educational resources of our colleges and universities and to provide financial assistance for students in postsecondary and higher education". It increased federal money given to universities, created scholarships, gave low-interest loans for students, and established a National Teachers Corps. The "financial assistance for students" is covered in Title IV of the HEA. The Higher Education Act of 1965 was reauthorized in 1968, 1972, 1976, 1980, 1986, 1992, 1998, and 2008. The current authorization for the programs in the Higher Education Act expired at the end of 2013 but has been e ...
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