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GMAC Posts Massive $6.8 Million Loss On Test Taking
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GMAC Posts Massive $6.8 Million Loss On Test Taking
The Graduate Management Admission Council, the nonprofit that owns and administers the GMAT exam, has posted its sixth loss in the past seven years in 2014. While the loss of $6.8 million is less than the record $10.2 million in red ink the organization suffered a year-earlier, the organization is clearly struggling financially. If not for income from its investments, GMAC’s losses in 2014 would have totaled a whopping $15.5 million. Over the pa…
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