[3] The two publicly traded parent companies combined corporate functions; however, the universities remain operating as separate institutions.

[8] Capella Education Company was founded in 1991 by Stephen Shank, former CEO of Tonka Corporation.

[15] In April 2016, Capella Education Company acquired the software engineering school for women, Hackbright Academy and coding bootcamp, DevMountain.

[16] Strayer Education Inc. was a publicly traded corporation, established as a holding company for the college and other assets in 1996.

Previous CEO Robert S. Silberman, who took the position in March 2001, was named executive chairman of the board.

[22] In 2021, Strategic Education's top shareholders are BlackRock, T. Rowe Price, and Vanguard Group.

[23] In 2009, Robert S. Silberman had a total compensation of $41.5 million, a large portion of which was restricted stock that does not vest until 2019.