Last week, Joel Klein disclosed he would invoke “emergency powers” to enable
Steiner had held that Klein's actions violated state law, as Klein had refused to recognize that the autistic program was a school, any change to which required a public process occur beforehand, including informing the parents of the children who would be affected. Klein's actions in invoking emergency powers to displace a school for autistic children on behalf of a charter school has provoked much outrage from parents, elected officials, and special education advocates alike.
Mike Klonsky has pointed out that hedge fund maven Ravenel Boykin Curry IV, subject of a recent NY Times profile, is on the board of Public Prep, the charter management organization (CMO) that operates Girls Prep.
Also on the board of Public Prep is Eric Grannis, husband of Eva Moskowitz, operator of the Harlem Success chain of charter schools, who has provoked her share of controversy by aggressively expanding within public school buildings, also with the aid and assistance of Joel Klein, to the extent of letting him know which public schools to close for her benefit. Grannis is a founding member of Girls Prep board and former counsel of the board:
Spencer Robertson, husband of Sarah, is the son of the hedge fund billionaire, Julian Robertson, who controls two influential and deep-pocketing foundations, the Tiger Foundation and the Robertson Foundation, both of which support Bloomberg's agenda to the tune of millions of dollars, through the Fund for Public Schools and other vehicles.
The Robertson Foundation is also among the largest contributors to Education Reform Now, the aggressive pro-charter school organization, and is one of the main funders of the NYC Charter Center, on whose board Joel Klein sits. The head of the board of the
Perhaps contributing to his reluctance is the fact that these billionaire hedge fund privateers are intent on “leveraging” their private contributions as much as possible, as one of them, Whitney Tilson, pointed out in the NY Times article:
“It’s the most important cause in the nation, obviously, and with the state providing so much of the money, outside contributions are insanely well leveraged,” he said.
Julian Robertson is also a philanthropist who is awfully good at avoiding to pay NYC taxes, even to the extent of hiring a social secretary to keep track of how many days he should stay out of the city each year.
Excellent post, Leonie- you accurately connect the dots that form this branch of the billionaire boy's club and venture philanthropists.
ReplyDeleteOne more thing we learned in CEC One from the GPCS charter renewal application is that Girls Prep is expanding its reach and network- not just by creating a new single sex school every year year for the next 5 years, but has also spun off its own board to create a non profit (hah) CMO called PublicPrep.
The outfit clearly needs a lot of that guaranteed income stream in the form of state/federal dollars to build its empire, of which it will make 5- 10 cents on every dollar in management fees.
Let's not forget that hedge funders are genius at seeing the arbitrage opportunity in a market and getting there before anyone else does.
Wonder what would happen if getting out of the edumarket becomes the optimal strategy?
Where will our schools be then?
I tried to post this on NYCPSPB but don't have the bandwidth to get it up on there- feel free to post for me!
Lisa Donlan
Wow, so charters have been for profit all along. Jeez, when do you think the editorials will rail against this? 2012? 2013? Ever? Never?
ReplyDeleteWow. Why on earth is this not in one of the three major metropolitan newspapers? I mean, I know why, but how is this not more important than whatever nonsense was on the cover of the Post this morning?
ReplyDeletePlease someone! Find some way, some how to get this info out there in the mainstream media!!!
ReplyDeleteWe need a chart.
ReplyDeleteDisclaimer: I'm officially on vacation.
I agree with the previous post, I am also a queens teacher why is this information not in the mainstream media, the public needs to knowthat this is just the tip of the iceberg since the bloomberg/klein era took control.
ReplyDeleteThis is total insanity, this kind of information needs to be all over the news and mainstream newspapers. These people starting with Bloomberg/Klein are manipulating the law, the whole thing is shady, this has to stop!!
ReplyDelete