After a scathing state audit of its finances, the EPIC virtual charter school cut its ties to the school’s for-profit co-founders.
The governing board of Epic Charter Schools underwent a major overhaul Wednesday night and then declared its independence from the for-profit school management company owned by Epic’s co-founders.
Epic’s seven-member board of education unanimously approved a mutual termination agreement, effective July 1, to end its contract with Epic Youth Services, which reportedly has made millionaires of founders David Chaney and Ben Harris.
“Big day for our school; big shift, obviously,” said the newly seated board Chair Paul Campbell, an aerospace and energy executive who founded the Academy of Seminole charter school.
“This school has outgrown its management company, CONTINUE READNG: Oklahoma: Epic Virtual Charter Severs Ties to Co-Founders’ For-Profit Firm After Paying Them Millions | Diane Ravitch's blog