The Ultimate Privatizing Prize
March 12, 2007 by lynnellby Lynnell Mickelsen
Piggy-backing on Susans post on privatizing.
As if Iraq, Katrina and Walter Reed haven't been enough, just remember that conservatives all over the country still have their eyes on a very big privatization prize----your local public schools.
Never mind that education has never been a real big money-maker as entrepreneur Chris Whittle so unwittingly proved.
His highly-publicized and praised Edison Schools, Inc. once sold at $40 a share. But in less than four years, it tumbled down to a low of 14 cents a share and soon after, the company was bought privately (at $1.75 a share) and stopped releasing public disclosure of its finances. Theres more info here.