Wednesday, July 27, 2016

K12 Inc - The Pride of Wall Street - Wait What?

K12 Inc - The Pride of Wall Street - Wait What?:

K12 Inc – The Pride of Wall Street


Writing in their 2015 Annual Report, K12 Inc. Chairman and Chief Executive Officer Nathaniel Davis said;
Our strategy is simple: optimize student success, support market expansion in collaboration with current and future partners, and pursue targeted revenue growth.
Hyping their status as the leader in the for-profit corporate education reform industry, the company reported added;
The U.S. Market for K-12 education is large and online learning is gaining greater acceptance.
The notion that the country’s public school children are little more than lucrative profit centers for Wall Street investors has been growing since Rupert Murdoch famously called America’s public schools, a $500 billion untapped economic opportunity.
And by way of explaining the pro-charter environment and their ongoing success collecting public money, K12 Inc. explained;
Many parents and educators are seeking alternatives to traditional classroom-based education for a variety of reasons.  Demand for these alternatives is evident in the expanding number of choices available to parents and students.  For example, public charter schools emerged in 1988 to provide an alternative to traditional public schools and, have seen enrollments grow by 225% over the past 10 years….and there are approximately 6,400 public charter schools operating in 42 state and the District of Columbia with an estimated enrollment of over 2.5 million students.
While much of the attention related to education reform has focused on charter schools, the Common Core and the Common Core testing frenzy, Internet based, online virtual K12 Inc - The Pride of Wall Street - Wait What?:

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