By Jonathan A Knee
In classification Clowns, professor and funding banker Jonathan A. Knee dissects what drives traders’ efforts to enhance schooling and why they continuously fail. Knee takes readers inside of 4 surprising monetary mess ups in schooling: Rupert Murdoch’s billion-dollar attempt to reshape user-friendly schooling via expertise; the sad investorsincluding hedge fund titan John Paulsonwho misplaced billions in textbook writer Houghton Mifflin; the abandonment of information Universe, Michael Milken’s twenty-year project to revolutionize the worldwide schooling undefined; and the tale of Chris Whittle, founding father of EdisonLearning and a pioneer of large-scale transformational academic ventures, who keeps to draw funding regardless of a long time of monetary and operational disappointment.
Although deep trust within the healing powers of the marketplace drove those tasks, it was once the traders’ failure to understand industry constitution that doomed them. Knee asks: What makes an excellent schooling company? by means of contrasting infrequent successes, Knee unearths a dozen huge classes on the middle of those cautionary case reports. Class Clowns bargains an incredible advisor for public coverage makers and safeguard rails for destiny traders, in addition to an clever exposé for activists and lecturers pissed off with the repeated disappointments to shake up education.
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Extra info for Class Clowns: How the Smartest Investors Lost Billions in Education (Columbia Business School Publishing)
Class Clowns: How the Smartest Investors Lost Billions in Education (Columbia Business School Publishing) by Jonathan A Knee