The story, “Multimillionaire Buys Major Charter School Manager” tells how a wealthy couple created a new company, Imagine Schools, Inc. and purchased a chain of existing charter schools to become the second largest for-profit manager of schools involving more than 70 schools and 20,000 students. Their principles mention that schools should be places of integrity, justice and fun. Dennis and Eileen Bakke plan to invest an additional $140 million in their schools.
Edison Schools, the largest for-profit firm, manages schools serving some 132,000 public-school students in 40 states. A good source information on the fast-growing educational entrepreneurship sector is the Education Industry Association.
