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Whatever Happened to the Public Audit of K-12 Inc. in California? by Diane Ravitch

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“Nearly 90% of low -performing virtual charter school K12 Inc.’s revenues – and thus its huge pay for executives–comes from Americans’ state or federal tax dollars Should California taxpayers shell out $12 Million for executive compensation in a low-performing charter school? In June 2016, California State Superintendent called for an official audit of the for-profit K-12 Inc. virtual charter school. Where is that audit? In 2015, CAVA’s corporate parent K12 paid its CEO Nathaniel Davis $5.3 million and CFO James Rhyu was making $3.6 million. Their base salaries were $700,000 and $478,500, respectively, which were dwarfed by additional pay and stock for their “performance. In all, K12’s five highest paid executives received a total of more than $12 million in compensation last year.' PRIVITI$ATION is not a choice.

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I began teaching in 1963,; Ba and BS in Education -Brooklyn College. I have the equivalent of 2 additional Master's, mainly in Literacy Studies and Graphic Design. I was the only seventh grade teacher of English from 1990 -1999 at East Side (more...)
 

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