The business of privatizing and profiting from education marches on…
Originally posted on Diane Ravitch's blog:
Soon after the elections, the mega-corporation K12 convened a conference call with investors to boast about the opening of new markets for virtual charters in Georgia and Washington State.
K12 is the company founded by the Milken brothers to sell online schooling for-profit.
It is listed on the New York Stock Exchange. Its CEO, Ron Packard, has a background at McKinsey and Goldman Sachs. Last year, he was paid $5 million.