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

This Week’s Top Five on NC Policy Watch

1. Free speech policy, controversial conservative academic on ...

Top Stories from NCPW

  • News
  • Commentary

The UNC Board of Governors is holding its last meeting of 2017 Friday, where the latest of its many [...]

Just south of Candler off the Pisgah Highway is a lovely piece of property on Little Piney Mountain [...]

Veteran North Carolina education policy expert Kris Nordstrom has authored a new and vitally importa [...]

When Joni Robbins, a section chief in the N.C. Department of Public Instruction, closes bidding next [...]

“All speech is free, but some speech is more free than others.” This seems to be the motto of the cu [...]

Trumpists prepare to raze another vital common good law It’s hard to keep up these days with the flo [...]

The post That’s how ‘Humbug’ is done appeared first on NC Policy Watch. [...]

The solid citizens of Johnston County, N.C. – in a fateful quirk of geography – for several years ha [...]

Featured | Special Projects

NC Budget 2017
The maze of the NC Budget is complex. Follow the stories to follow the money.
Read more


NC Redistricting 2017
New map, new districts, new lawmakers. Here’s what you need to know about gerrymandering in NC.
Read more