Uncategorized

Private equity, hedge fund vultures “circling public education”

Don’t expect the upbeat news from the state education world reported in Sarah Ovaska’s post below to slow down another powerful trend in public education: the attempt  by corprate pirates to steal our schools.

As Reuters reporter Stephanie Simon reports in this story via the HuffPost, the big money guys on Wall Street are hard at work figuring out ways to muscle in and claim a share of the half-trillion dollars the U.S. spends on public education.

“The investors gathered in a tony private club in Manhattan were eager to hear about the next big thing, and education consultant Rob Lytle was happy to oblige.

Think about the upcoming rollout of new national academic standards for public schools, he urged the crowd. If they’re as rigorous as advertised, a huge number of schools will suddenly look really bad, their students testing way behind in reading and math. They’ll want help, quick. And private, for-profit vendors selling lesson plans, educational software and student assessments will be right there to provide it.

‘You start to see entire ecosystems of investment opportunity lining up,’ said Lytle, a partner at The Parthenon Group, a Boston consulting firm. ‘It could get really, really big.'”

Simon’s story helps explain in part why a troubled company like K12, Inc. has hired a virtual swarm of lobbyists to lobby North Carolina state government.

You can read the entire sobering story by clicking here.

One Comment


  1. david esmay

    August 2, 2012 at 4:40 pm

    Lobbyists hell, K-12 Inc. has bought legislators in NC.

Check Also

Join us next Wednesday for a discussion of reproductive freedom

Join us next Wednesday, February 28 for a ...

Top Stories from NCPW

  • News
  • Commentary

Last week, a teenager in Florida opened fire in a high school and killed 17 people. Nikolas Cruz, 19 [...]

Students, faculty and staff at UNC continue protest the Chapel Hill campus’ Confederate monument, “S [...]

On a sultry day last September, Megan Stilley arrived at Lanier Farms, a large swine operation in ru [...]

When North Carolina lawmakers approved what one Republican described as a “historic” investment in r [...]

In “Lessons on political speech, academic freedom, and university governance from the new North Caro [...]

Cracks are forming in the NRA’s death grip on American politics At some point, it’s going to happen. [...]

As the General Assembly wraps up its weirdly timed and generally ill-conceived winter session, it wo [...]

The post Dumb & Dumber & Dumbest appeared first on NC Policy Watch. [...]