concerning which was the matter of about $50K (mere peanuts, I know, in the, uh, 'Broad' scheme of things) in missing money, which got the hook for Steve Barr, but that's another story
here's something more to the immediate point, and typical of the socalled reform movement, who has just a terrible time in being honest about how they accomplish their goals, and just what those goals really are:
http://iceuftblog.blogspot.com/2008/11/uft-and-green-dot-schools-pragmatic.htmlGreen Dot claims that “98% of seniors graduate,” but this ignores the attrition rateprior to senior year. As has been documented with KIPP schools, the student attrition rate in charter schools can be high, giving a false sense of their effectiveness.
Potentially most disturbing is language in the contract regarding the assignability of the contract. By this is meant the ability to maintain union representation of teachers in the event of “corporate merger affiliation, change of affiliation, employer or transfer of employees.” While the contract calls for the participation of the union in this process, the ultimate power is held by the Board of Directors. And while the contract also states that the “current” contract shall remain in effect, it must be asked, what would happen should the contract expire: would a new corporate entity be able to walk away from the union? As I understand it, the Green Dot teachers in NY are employees of the corporation that runs the school and are not covered by the Taylor Law, which would enable them to continue working under the terms of an expired agreement. Should I be correct in my interpretation, the Board of Directors could essentially “run away” from the union at an opportune moment. This would likely be when the school has “scaled up” and can function as a franchise operation, which is the emerging model of corporate and foundation supported charter schools.
I raise this issue because of some of the powers behind Green Dot. While Steve Barr, founder of Rock the Vote, is the public face of Green Dot and is its spokesman, in fact the Chief Operating Officer (COO) of Green Dot in NY is Jeffery T. Leeds. Mr. Leeds is the head of Leeds Equity, a private equity firm. These are firms that make their money by purchasing publicly-owned businesses, reconfiguring them, and then selling them back to the public, often after stripping away resources and enjoying hefty fees in the process. In Los Angeles, the COO is a former partner in Bain Capital, one of the most prominent private equity firms, and Mitt Romney’s corporate alma mater. Traditionally, private equity firms have taken public corporations private - in a process known as “strip and flip” – but we may be seeing these operators entering into the public sector and applying their model to privatize these schools, after getting the taxpayers to fund their start.
In additon, Leeds Equity is the owner of The Sexton Corporation, a supplier of contingent – read temporary- labor which “helps its clients reduce recruitment and labor costs.” It is also the owner of Datamark, which owns and does marketing for private, for-profit proprietary schools, which are consistently mired in scandals regarding their hard sell recruitment procedures. In fact, Leeds has partnered with disgraced former Massachusetts governor William Weld, whose reputation was tarred by his association with Decker College, a scam proprietary school that was forced to close for fraudulent and unethical practices. Rudy Giuliani is Chairman of the Board of Advisors of Leeds Weld Equity Partners. for any other response, see post #5