Saturday, May 15, 2010
Jonathan Bing Gets Boost From Hedge Fund Bigs
Assemblyman Jonathan's Bing bill to eliminate seniority rights for teachers has not fared so well. His co-sponsor walked away citing the bill's unconstitutionality and one law maker pronounced the bill "dead on arrival". As a parent in his district, I resented the blatant attempt to sell the bill with faux-empowerment of parents. Principals would make unilateral decisions on layoffs after "consulting" with yet another powerless panel of parents and teachers.
But Bing is seeing deep support from one key constituency -- hedge fund moguls. Education Reform Now, a front for four hedge fund operators paid for the mail piece shown here. Hedge fund moguls are pouring money into public school policy debates despite the fact that they would never send their own kids to public schools. We'll be spending some time here on the blog taking a closer look at the hedge fund money, the motivation of the wealthy men behind it and their influence in public education.