My first year at Pearson (2007) was a mix of ‘info overload’ as a brand new worker and ‘blissful fatherhood’ as my spouse and I welcomed our first youngster. However when the company—like many for-profits—wants to get its manner in education coverage, Pearson isn’t shy about deploying high-powered lobbyists. Pearson mainly turns into an entire service provider to the education system,” says David Anderson, an Austin education lobbyist whose purchasers embody some of Pearson’s rivals.
The world’s largest education writer, which in January saw virtually £2bn wiped from its inventory market worth after issuing its fifth revenue warning in two years, reported the record loss after taking a £2.55bn non-cash cost for impairment of goodwill reflecting trading pressures” in its North American companies.
From what I can make out from its website, the three key players at Pearson and Pearson Education are Glen Moreno, chairman of the Pearson Board of Administrators , Dame Marjorie Morris Scardino, overall chief executive for Pearson, and William Ethridge, chief executive for North American Training.
On Friday, the State Board of Schooling will vote on seeking different choices to the GED, or Normal Schooling Development, examination, which is run by Pearson. From textbooks to information management, professional development programs to testing methods, Pearson has it all—and all of it has a price.
Pearson works with for-revenue profession schools, too: Its advertising and marketing supplies boast that its consultants might help them stay one step ahead” of federal regulations. A POLITICO investigation has found that Pearson stands to make tens of tens of millions in taxpayer dollars and cuts in scholar tuition from deals organized with out competitive bids in states from Florida to Texas.