Word: edisons
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...their division a year ago, and despite winning this year's American League wild-card spot, they figured to go quietly against the mighty Yankees. Instead, the Halos trounced New York and then the Minnesota Twins, turning Disneyland into the second most popular attraction in Orange County, behind Edison International Field...
...Like Edison, Chancellor Beacon has less flexibility in the five schools it operates in Philadelphia than it had in previous projects: it must work with unions, a district bureaucracy and students who weren't specially recruited for its schools. But unlike the other two for-profit companies, Chancellor Beacon has been slow to roll out changes, instead beginning the year by studying the problem through teacher surveys, classroom visits and student test scores. In coming weeks the company plans to convene a parent round table, introduce new math and reading curricula and step up training for teachers. "There are things...
...troops are doing the Macarena. Arms crossing, hips swiveling, 24 Philadelphia schoolchildren are shouting a mantra--"Wisdom! Justice! Courage!..."--that is supposed to create the lively but respectful classroom environment that can elude even good teachers. And to their skeptical teacher's amusement, it seems to be working. "When Edison taught us this, I thought, 'This is so corny. My kids won't go for it,'" says Blakney, whose building was taken over this fall by the for-profit company Edison Schools. "But it's a new year. I'm giving...
...Blakney, other teachers as well as students and administrators in Philadelphia's worst-performing elementary and middle schools have been forced to undertake some radical changes this year after a reform panel awarded control of 45 failing schools in the city to seven independent operators. The outside contractors include Edison, based in New York City and the largest of the companies that manage public schools as a business; Victory Schools, a much smaller New York City firm with schools in that city aswell as in Baltimore, Md.; and the Chancellor Beacon Academies of Coconut Grove, Fla., which operates charter schools...
...dissolution of the high-profile Boston contract was just one factor contributing to Edison's bad week. In an informal inquiry concluded last Tuesday, the SEC said that Edison had omitted crucial information from its filings, allowing it to report revenues from 1999 to 2002 that were 41% to 48% higher than it actually generated. The company had been counting teachers' salaries and other expenses paid by its client school districts and charter-school boards as revenue, even though none of the cash entered Edison's coffers. Because Edison also reported the funds as expenses, its bottom line was accurate...