Back to School for the Billionaires
They hoped their cash could transform failing classrooms. They were wrong. NEWSWEEK investigates what their money bought.
Brent Humphreys / ReduxThis story was reported and written by Center for Public Integrity.
The richest man in America stepped to the podium and declared war on the nation’s school systems. High schools had become “obsolete” and were “limiting—even ruining—the lives of millions of Americans every year.” The situation had become “almost shameful.” Bill Gates, prep-school grad and college dropout, had come before the National Governors Association seeking converts to his plan to do something about it—a plan he would back with $2 billion of his own cash.
Gates’s speech, in February 2005, was a signature moment in what has become a decade-long campaign to improve test scores and graduation rates, waged by a loose alliance of wealthy CEOs who arrived with no particular background in education policy—a fact that has led critics to dismiss them as “the billionaire boys’ club.” Their bets on poor urban schools have been as big as their egos and their bank accounts. Microsoft chairman Gates, computer