Stephen Dyer: Why Is Charter Magnate Closing His “Best” Schools?

Ohio is a happy state for the for-profit charter industry. They make huge profits regardless of school performance.

Stephen Dyer reminds us of the great financial success of David Brennan of White Hat, the state’s largest charter chain.

“Now we know what White Hat Management is all about. There was always a pretty strong indication that White Hat was about making money, not educating children.

“After all, when you get exactly 1 A on a state report card and have 72 opportunities to get an A, you’re probably not in the game for the same reasons most educators are.

“When you’ve collected more than $1 billion in taxpayer money without having to make a single appearance before a legislative committee, as White Hat founder David Brennan has been able to do, you’re probably not in the game for the same reasons most educators are.

“When you contribute more than $4 million to politicians, you’re probably not in the game for the same reasons most educators are.

“But then we got the news last week that Brennan’s White Hat Management was going to sell off their least profitable, “highest performing”, and most at-risk for closure schools to a group run by K12, Inc.’s founder Ron Packard. That’s right, the same guy who gave us the Ohio Virtual Academy and all its “success.”

“But White Hat will keep its cash cow online school, OHDELA, which has the worst performance index score of any statewide E-School — and that’s saying something, given how abjectly horrible Ohio’s statewide E-Schools perform. Its performance index score actually dropped more than 4% from four years ago, the only statewide E-School to see such a precipitous drop. Again, that’s saying something.”

Do you think the day will come when legislators will demand real accountabilility from charter operators? When they will stop giving away hundreds of million or billions to failed charter operators?

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