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Article: Critics Doubt For-Profit Edison Schools' Ability to Profit on Education.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- September 25, 2002
CopyrightCOPYRIGHT 2002 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Miriam Hill, The Philadelphia Inquirer Knight Ridder/Tribune Business News
Sep. 25--With 82,000 students and 150 schools in 23 states, Edison Schools Inc. has achieved many goals, except the one that was supposed to revolutionize education: profits.
As the company approaches its 10th year in business, supporters are backing away from rosy projections about how Edison can enrich both schoolchildren and shareholders, while critics question whether the company can ever make money.
The intense scrutiny -- much of it brought on by the company's contract to run 20 Philadelphia schools, the largest-ever experiment in privatizing public ...