Re: Could AEON be next?
All of Asia is in an ESL mess. Most ESL programs are designed to get $ out
of the paying students/parents. Also the teachers they hire often are not
qualified teachers.
Real qualified teachers are being replaced with the cheaper backpacker
groups.
"John W." <worthj1970@gmail.com> wrote in message
news:1194440461.092110.244550@o3g2000hsb.googlegroups.com...
> On Nov 6, 4:30 pm, daffy <daffy1...@excite.com> wrote:
>> I taught ESL in Japan from 1997 to 2000, and spent my first year
>> working for AEON. I was stunned to hear of Nova's bankruptcy
>> yesterday, because they were a monster during the years I was in
>> Japan. I was wondering if anyone here could tell me how AEON has been
>> doing, and if there's been any talk about how Nova's implosion might
>> affect competitors like AEON?
>
> I think it's very likely that any company that sells a product that
> won't be delivered for months/years and doesn't wisely invest that
> profit has a good chance of going under. I assume AEON follows that
> seemingly standard (and maybe unavoidable to an extent) practice.
> That's part of what killed Bilingual in the early 90's and I bet it'll
> be a factor in NOVA's unfolding story. The CEOs of both companies
> appear to have been a bit lavish with the company's profits; that
> didn't help.
>
> John W.
>
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