Ohio Supreme Court Reluctantly Rules in White Hat’s Favor

The Ohio Supreme Court ruled this week that all assets purchased by ten Ohio charter schools belongs to their former operator, White Hat Management. The schools all terminated their contracts with White Hat, which then demanded payment for facilities and equipment if the school wanted to keep the property. According to the contracts each school […]

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Apple Core and Dollars

Charter School in PA using facilities to funnel cash away from instruction

A recent article on Philly.com outlines a few of the ways charter schools use facilities funding to divert public money. This includes expensive bond transactions, related party deals, and lining the pockets of consultants. As Rutgers education professor Bruce Baker put it: “public policy permits a bad deal for the public — one that essentially […]

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Here is the Team that is Monetizing Public Education for Profit

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From  Diane Ravitch‘s blog: GSV Advisors is leading the movement to bring investors into public education and to create new companies to profit from public education funding. GSV stands for Global Silicon Valley. Who are they, you might wonder? Here are their leaders. Note how much they know about investing and building equity. Note how […]

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