Charter Chains Pay Out Salaries Like… Corporations, Even While Enrollment Erodes
Education Privatizers have made a private market out of the public sector.
In tax year 2016, the top-10 salaries from among LAUSD’s 37 Charter Management Organizations/Groups (CMO/Gs) totaled $3.4 million dollars:
Private-industry salaries are generated for top execs, which are justified by branding the remade sector as now “business”. From nowhere these usurpers have constituted a whole new economy, transforming what was formerly the people’s prerogative educating human beings and citizens, into a private dynamo generating paper-profit simply by transferring public tax dollars to private coffers.
The exercise enriches an elite few, even while being justified by metrics selected to illuminate precisely the subpopulation cherry-picked. Nice work if you can get it; a lucrative sector to bolster.
Elsewhere it was noted that LAUSD has chartered 275 schools, nearly 2/3 of which (61%) are run by the following 37 CMO/Gs:
The names and salaries (where existent) of Charter CMO/G board members were abstracted from each of their most recent IRS 990 Form for Non-profits. Most postings were late of 2016, but some dated to 2015.
It is interesting to note the names of board members not on salary too, and these follow at the bottom. Often though not always, these individuals come with deep bank accounts and broad ideologies linked to privatization generally or this CONTINUE READING: Charter Chains Pay Out Salaries Like… Corporations, Even While Enrollment Erodes – redqueeninla
