Texas Board of Education's choice of investment consultant takes heat News for Dallas, Texas Dallas Morning News Texas Politics The Dallas Morning News:
"The Texas State Board of Education has courted controversy in recent years by promoting intelligent design, debating whether minorities like César Chávez and Thurgood Marshall are overrepresented in social studies lessons, and balking at approving a high school health textbook that mentioned the word 'condom.'
But its financial management of the Texas Permanent School Fund's investments has largely gone unnoticed.
Over the past year, board members have twice spurned the investment advice of the school fund's professional staff by hiring consultants that cost hundreds of thousands of dollars more than their competitors."
"The Texas State Board of Education has courted controversy in recent years by promoting intelligent design, debating whether minorities like César Chávez and Thurgood Marshall are overrepresented in social studies lessons, and balking at approving a high school health textbook that mentioned the word 'condom.'
But its financial management of the Texas Permanent School Fund's investments has largely gone unnoticed.
Over the past year, board members have twice spurned the investment advice of the school fund's professional staff by hiring consultants that cost hundreds of thousands of dollars more than their competitors."