K12 Inc Comes Clean: "Reform" Is All About the $
Ken Libby points us to the transcript of a K12 Inc. conference call to investors. K12 is a charter school management company that specializes in "virtual" or "blended" learning, replacing brick-and-mortal schools with on-line instruction. NEPC released a report this past summer that shows K12's students fall further behind students in traditional schools. K12's school in Tennessee is under fire for poor performance, and critics in Florida say the schools there have unqualified staff. K12 is heavily involved in politics, lobbying and making campaign contributions to support friendly state and local officials.
Given all this, the way K12 presents itself to investors is fascinating (all emphases mine):
Given all this, the way K12 presents itself to investors is fascinating (all emphases mine):
Now I would like to make some brief comments on the elections. First, I would like to congratulate President Obama in his reelection. Secretary Duncan has done a fantastic job over the past 4 years, advancing things like common core,