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Corinthian CEO Steps Down

According to CNBC’s Herb Greenberg, the president of Corinthian College has resigned effective immediately. This is the company's second top-executive departure in two months.

Last month, Corinthian's Chief Operating Officer Matt Ouimet resigned to pursue other opportunities. The company said it has no immediate plans to fill the position.

Shares of Corinthian fell 5 percent in after market trade to $3.95. Corinthian's stock, which has lost about 68 percent of its value in the last six months, closed at $4.14 Tuesday on Nasdaq.

As you may know, Corinthian, along with other for-profit schools, has come under government scrutiny.

Hear more about these developments from Greenberg. Watch the video now!



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