James
Nevels, chairman of the Philadelphia School Reform Commission, this
week denied knowledge of a contract amendment he signed in 2005
essentially guaranteeing Edison Schools Inc. $1.6 million in extra
compensation…. The amendment fixed the company's fee for managing 20
schools during last year and this year at $750 multiplied by 12,591
students. Because enrollment at Edison's schools has dipped to 10,395
students this year, the amendment guarantees the company $1.6 million
more than it would have gotten without the change…. Thus, the company
will earn $9.4 million this year instead of $7.8 million….
Nevels, founder
and chairman of the Swarthmore Group, a Center City investment adviser
with $1.51 billion under its management, said he signs so many
documents as SRC chairman that he can't be expected to remember each
one…. Nevels said he could not recall having being told of the
arrangement with Edison, a New York-based for-profit company. And he
said a May 25, 2005, resolution that authorized changes to the contract
had not addressed fixing the company's fee, as the amendment did.
He is not
alone…. SRC member Sandra Dungee Glenn said she also had not known that
Edison's fee had been changed. And yesterday, SRC member Martin
Bednarek criticized the move, and said he also had not known about it….
"I can't help that they have less students. That's not our fault. Maybe
they need to do a better job of marketing themselves like the charter
schools to get kids to go their schools," he added.
The SRC is
deliberating whether to renew the contracts of Edison and five other
school-management organizations. Their five-year contracts end June 30.
Mensah H. Dean, Philadelphia Daily News, March 16.
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PA: Edison a victim of "collateral damage" in conflict over Philly budget mess?
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