Further Thoughts on CEO Chip Paucek's Departure From 2U
Despite the goose turning albatross, pay more attention to the debt ball and chain
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Talk about great timing - 2U and CEO Chip Paucek announced an agreement on Friday that he would step down as CEO and resign from the board, picking the best day since 1985 to avoid too much of the news spotlight for a CEO change.
Some of the coverage, including from USA Today, linked the CEO change with 2U’s recent news that it was jointly ending its partnership for most programs with USC. While the USC story is important, in my opinion it is secondary in terms of why 2U is making such a big management change. From the USA Today article:
In addition to reading the entire article at USA Today, you can also find coverage from HigherEd Dive. I’d like to summarize several points I’ve made in online conversations when asked about this change.
USC’s Changing Role
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