Eric Schmidt of Novell. He presided over a period of decline at Novell where its IPX protocol was being replaced by open TCP/IP products, while at the same time Microsoft was shipping free TCP/IP stacks in Windows 95, making Novell much less profitable. In 2001, he departed after the acquisition of Cambridge Technology Partners. Google founders Larry Page and Sergey Brin interviewed Schmidt. Impressed by him, they recruited Schmidt to run their company in 2001 under the guidance of venture capitalists John Doerr and Michael Moritz. In March 2001, Schmidt joined Google's board of directors as chairman, and became the company's CEO
Education Management Corporation their students in campus-based programs in order to maintain federal loan eligibility. Former Apollo Education CEO Todd S. Nelson became Chief Executive Officer of EDMC in February 2007. On September 21, 2009, EDMC became a public company once again, raising $330 million ($ in dollars) on the NASDAQ while Goldman Sachs retained 40% ownership. In 2012, Edward West replaced Todd Nelson as CEO, while Nelson replaced McKernan as chairman. After the growth in student numbers in the late 2000s, EDMC’s enrollment declined from around 160,000 students in 2011 to approximately 130,000 students at the end of 2012. EDMC has attributed