Le Cordon Bleu Closing

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Julia Child taught generations of Americans how to make boeuf bourguignon and countless French dishes. Child was educated at Le Cordon Bleu culinary school in Paris, and made that school a household name. But for a lot of Americans, the name now leaves a bad taste in their mouths. This week, Career Education Corporation -- the for-profit education company that owns Le Cordon Bleu in the U.S. -- announced it will be closing all of the 16 campuses. What happened?