Charter schools have a very definite purpose in America today.
Profits. BIG PROFITS.
For many people who know the original purposes for creating charter schools, this is a difficult concept to understand. For even more people who believe the torrent of hype disguised as information/news in the media, this is even more difficult to accept. After all, wonderful and powerful people, billionaires, endorse and promote education reform – actually multinational mega-corporation education reform.
Where is the proof that the charters being created in the second decade of the 21st Century are merely greed-grabs compared to the original concept of charter schools from previous decades? Well, they should attend the Capital Roundtable’s ENCORE conference — “Private Equity Investing in For-Profit Education Companies,” being held in New York City on Thursday, July 25th. See HERE.
Who will present charters as investments? Well, the event is a lot more that attending a free luncheon at a neighborhood Denny’s Restaurant where a local investment adviser proselytizes his wares. An entire Who’s Who of presenters include:
CHAIRED BY: Avy H. Stein, CEO Willis Stein & Partners LLC
Featuring 20 Expert Speakers, including —
Jay N. Bartlett, The Parthenon Group
Craig F. Cassell, Cushman & Wakefield Inc.
Judith S. Eaton, Council for Higher Education Accreditation
Gregory Ferenbach, Dow Lohnes PLLC
Lincoln E. Frank, Quad Partners LLC
Timothy E. Foster, Concorde Career Colleges Inc.
Anthony J. Guida, Education Management Corp.
Michael B. Goldstein, Dow Lohnes PLLC
Tim Hannegan, Hannegan Landau Poersch Advocacy
David A. Hoverman, The Parthenon Group
J. Michael Locke, Rasmussen College Inc.
Barry F. Malkin, Apollo Global Inc.
Chip Paucek, 2U Inc.
Ralph Protsik, BSG Team Ventures
Andrew S. Rosen, Kaplan Inc.
Joshua N. Schwartz, East Wind Advisors LLC
Matthew J. Shafer, Vision Capital Americas LLC
Sally Stroup, Association of Private Sector Colleges & Universities
Trace Urdan, Wells Fargo Securities LLC
Kim Vender Moffat, Sterling Partners
Susan H. Wolford, BMO Capital Markets Corp.
Hopefully, lots of people will show up – on the sidewalks with angry denunciation posters. Where is the outrage?