SELF-INFLICTED WOUNDS HURT THE
SELF-INFLICTED WOUNDS HURT THE WORST Edison just can’t win for losing. Day’s after moving out of their Philly offices to save money, they blow $300G on a principals’ retreat where, among the better ideas, was this gem:
[Philly schools’ CEO] Vallas also said he will not allow Edison to use students as workers at the 20 Philadelphia schools it manages – an idea proffered during the retreat by Edison founder Chris Whittle according to published reports.
As usual, it was a misquote (protests Edison):
[Edison spokesman] Tucker… said Whittle’s comments about students working had been taken out of context by a reporter who was listening through the wall.
Except
During one speech to the principals, Tucker said, Whittle suggested ways to “reshape the Edison design.” One of those ways was to give kids real-life experiences in school such as working as computer- network engineers to better prepare them for life after high school.
“There is no plan, no proposal to do that,” said Tucker. However, he said that raising such provocative ideas was in line with true school reform.
It looks like Edison is looking for ways to cut costs with essentially free labor. It really is too bad you can’t short a stock under $5. Maybe they’ll run a 1:100 reverse split.