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| Jeremy Nowak |
Excellent piece by Daniel Denvir in City Paper,
"Money Talks", reveals the big money behind Philly's plan to dismantle the Philadelphia School District and potentially put public schools under private management. The power broker behind the plan is Jeremy Nowak, chief executive of the William Penn Foundation. The foundation had given $1.45 million directly — and helped obtain at least $1.2 million more — to pay the Boston Consulting Group to develop a so-called “Blueprint” for restructuring the troubled district.
"There’s family money out there,” says Nowak, and “it’s new money.” William Penn “may have been fourth or fifth on the list 10 or 12 years ago. We’re now first on the list. We don’t want to be first on the list. We want five other guys our size.”
Writes Denvir:
That new money generated in the service economy from Silicon Valley to Wall Street, has already funded a sea change in national
