historical study |
Aftersleep Books
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Rebel with a Cause The Entrepreneur Who CreatedThe following report compares books using the SERCount Rating (base on the result count from the search engine). |
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Aftersleep Books - 2005-06-20 07:00:00 | © Copyright 2004 - www.aftersleep.com () | sitemap | top |
Sperling, who began his career at 53 years of age, is now a member of the Forbes 400-richest, and a true latecomer (and self-made man) to entreprenurial success,. Per usual, he exemplifies the adage that change only comes to an industry from the outside. And thus, he began on a shoe string and succeeded because academia, then and today, remains bloated with unnessessary costs while ignorant and unconcerned with the outcomes of its graduates.
While the Univ of Phoenix has grown mightily, students at traditional colleges are going broke on ever higher tuition rates and concommitantly increasing student loans while professors continue to jack up their annual salaries and benefits far beyond the annual CPI index increases. Of note is that such increases have closely paralleled the explosion in Title-IV government loan appropriations to the point where state governments and the U.S. Congress are jointly searching for new ways to control these out-of-control expenditures.
Sperling tells a story of life changing bifurcation's as good as any "cliff-hanging" tale of fiction. His narrow misses and perilous good fortunes culminate in a 30-year old company with a $12 billion dollar market-cap on NASDAQ and a growth rate surpassing that of almost any dot.com on the board. With no-debt and loads of cash Sperling's University of Phoenix is bringing the lie to the whiners who run establishmentarian academic institutions as they flail about attempting to defend their delusional and profligate ways.
The new models of for-profit, post-secondary education such as those exemplified by Phoenix look alike Grantham University, a 4-year degree granting, low cost provider, all-online, 50-year old engineering and business school, will continue to follow in Phoenix's footsteps as the for-profit crowd ratchets up the pressure on the hollow reasoning of indifferent and out-of-touch academics who continue in charge of our nations non-profit institutions of higher learning.
John Sperling is a hero to the working men and women of America and his story needs to be told near and far. Just as the sand pile of chaos theory begins to collapse when the slope becomes too steep, establishment academia has begun to feel the inevitable hand of self governing criticality in its non-linear system of business. Indeed, this phenomena can be found in all the cycles of history where continuing excess leads to collapse and renewal. Sperling is just the latest of magnificent catalysts to accelerate this process in this latest of instant cases.