Reblogged from Diane Ravitch’s blog
While teachers across the nation have salaries lower than those of other professions and often need to take a second job to make ends meet, the executives at Michael Milken’s cyber charter chain K12, Inc. are faring very well indeed.
Their schools have high student turnover and low graduation rates, but it is a very profitable business.
The chairman of the board and CEO made $4.2 million last year.
The former CEO made $4 million. Read more>>