SHAREHOLDER ALERT: Investigation of K12 Inc.
SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of K12 Inc. (LRN):
Big Education Ape: SF Flex charter school closes - Internal Affairs - http://bigeducationape.blogspot.com/2016/07/sf-flex-charter-school-closes-internal.html
Big Education Ape: Facing tough questions from Calif. officials, virtual charter school operator settles with attorney general | 89.3 KPCC - http://bigeducationape.blogspot.com/2016/07/facing-tough-questions-from-calif.html
Big Education Ape: California 'virtual' academies: Bill targets for-profit operator K12 Inc. - San Jose Mercury News - http://bigeducationape.blogspot.com/2016/06/california-virtual-academies-bill.html
Big Education Ape: California Legislators and Governor Brown: No Accountability for Charters | Diane Ravitch's blog - http://bigeducationape.blogspot.com/2016/06/california-legislators-and-governor.html
Charter vs. Charter Fight Heats Up
K12 Inc is feeling grumpy.
Earlier this week we looked at a report co-created by the National Alliance for Public [sic] Charter Schools, the National Association of Charter School Authorizers, and 50CAN in which the bricks and mortar wing of the charter school industry took the cyber-charters to task for stinking up the whole charter sector, and very helpfully offered some advice that involved a whole lot of restrictions and rules that cyber charters should have to follow.
It did not take long for the cyber charter industry to fire back.
K12 Inc, one of the very largest cyber chains. It was founded by banker and McKinsey alum Ronald Packer and got its initial stake from Michael and Lowell Milken (Michael is famous as the junk bond king who went to prison for fraud) and also a chunk of change from Andrew Tisch, big cheese at Loewe's (his wife served on the reformy Center for Education Innovation board and opened an all-girls school in Harlem in the late nineties). In addition to running their own cyber-empire, K12 has also been the force behind spectacular cyber-failures like the Agora cyber charter chain. Oh, and they are fully unabashedly for profit, like most of the cyber charters.
K12 Inc did not much care for the Cyber Shape-Up report, and they issued a press release to say so.
"Not collaborative," they say of the report. Nobody invited cyber-charters to come participate in the scolding of cyber-charters. Speaking for most public school teachers of the last decade, let me just express our sympathy for how annoying it is when people want to attack your work without even talking to you.
K12 also attacks the study that is most of the basis for the scolding of cybers because the data is old and doesn't include points that the cybers think are important (like why the student left her original Charter vs. Charter Fight Heats Up