The new breed of philanthropists likes to emphasize the hard-nosed business sense they bring to education reform -- including pulling out of things that aren't working -- and so I was interested to read in the Newsweek story earlier this week about Broad apparently de-funding its $46 million investment in principal training programs because they weren't performing well enough (ie, generating better student outcomes than run of the mill principal preparation programs). Well it turns out that Broad didn't actuall de-fund anyone in the most dramatic sense of the word; nobody had their funding taken back or cut off
