Pearson Education benefitted greatly when states adopted Common Core. Obama used public money to incentivize the adoption of CC which eventually ended up in the pocket of Pearson.
Lori Hendry@Lrihendry Obama gave Pearson Publishing $350 million to create Commoncore text and Pearson gave Obama a $65 million dollar book deal in return. Quid Pro Quo. Media silent…
I rate the tweet partly true, for now. Maybe someone has a link to the Obama administration giving public money directly to Pearson, rather than just obliquely.
There is enough “there” there, however, to launch an investigation.
Washington Post reporter Lyndsey Layton asks Gates about Gates’s Microsoft and the business relationship it has with international education corporation Pearson—and the possibility that Gates is promoting CCSS because of the potential for Microsoft to benefit financially from CCSS-related business arrangements.
Gates is not pleased with the question, and he states that Microsoft’s business arrangement with Pearson is not connected to CCSS. Still, Gates clearly promotes CCSS so that American education can be brought “to scale”—and to a level that only national and international education corporations could manage. Microsoft is a major corporation, and as such, it could benefit from CCSS. Layton’s question is appropriate and appears to hit a nerve with the billionaire founder of Microsoft.
As Layton points out, Pearson is also a major corporation that could benefit from CCSS.
As to Gates’s stated benefit of CCSS as promoting free market competition: Small education businesses, step aside. CCSS is for the big boys.
So much for “free market competition.”
Ever since the outset of CCSS, Pearson’s profit-hungry radar has been on alert. The intent of this chapter is to examine Pearson’s profitability hopes regarding CCSS. First, a brief word about the history of Pearson Education.
Since the 1950s, Pearson acquisitions have centered on publishing, including education publishing. Here are some of Pearson’s acquisitions since the mid-1950s: Financial Times (1957), Longman Publishing (1968), Penguin Publishing (1970) (Penguin expanded into the Penguin Group in 1983)
The Obama administration embraced the standards and encouraged states to adopt them as part of the application process for the Race to the Top grant program. Two state testing consortia — the Partnership for Assessment of Readiness for College and Careers, or PARCC, and the Smarter Balanced Assessment Consortium — received $330 million from the grant program to develop standardized testing material tied to Common Core.
The Obamas are reportedly earning more than $65 million in this deal. That’s way more than the Clintons got.
Penguin Random House, which bought the two books, won’t discuss the numbers, but the Financial Times reports that the bidding for world rights surpassed $65 million.