SOUTH BRONX SCHOOL: Whitney Tilson Gets Caught Yet Again With His Pants Down

Thursday, September 19, 2013

Whitney Tilson Gets Caught Yet Again With His Pants Down

What a day yesterday was! The new phone books arrived, I, with other education bloggers, got to engage in a video conference with Diane Ravitch, and I found out that not only had Whitney Tilson finally make some sense, but he confirmed that he is in education for the moolah and lying hypocrite as well.

So Whitney, in a obvious display making up for some Freudian shortcoming shows just how smart
and investor he thinks he is. Remember, this is the guy who shorted Netflix.

I know the company and the space well (K12’s primary business is running online charter schools in 33 states and DC), and it’s a VERY high conviction short (meaning the funds I manage will profit if the stock price declines). I think that the company has run amok in many, many ways, inappropriately targeting the most at-risk students, with dismal academic results, off-the-charts student turnover, coming under increasing scrutiny. K12 reminds me of the subprime mortgage lenders and for-profit colleges when they were flying high – and the ending will be similar I believe.

Funny how this email was sent by Whitney at 9:32 PM, many hours after the official release of Diane's book. My bet is, and I doubt I am incorrect or Whitney can be that smart, is that Whitney read what Diane wrote in "Reign of Error" about K12 and decided to short K12 based on Diane's unveiling of their incompetency. We here salute Diane and her stock portfolio acumen.

Whitney goes on in a blabbering manner; K12's aggressive student recruitment has led to dismal academic results by students and sky-high dropout rates, in some cases more than 50% annually;

I wouldn't be short K12 if it were carefully targeting students who were likely to benefit from its schools – typically those who have a high degree of self-motivation and strong parental commitment

But K12 is instead doing the opposite; numerous former employees say that K12 accepts any student and actually targets at-risk students, who are least likely to succeed at an online school

But K12 is instead doing the opposite; numerous former employees say that K12 accepts any student and actually targets at-risk students, who are least likely to succeed at an online school

One former employee said: "K12's recruitment of inner-city and at-risk "last resort" students had another benefit – these students used up less of K12's educational and teaching resources while permitting K12 to collect full funding from the states."

Hmm, this sounds so familiar. This might not have been Diane's exact words about K12, but what Whitney has written is pretty much the gist from "Reign of Error." Plagiarism, Whitney? Copyright infringement? For shame

The Crack Team has commanded me to suggest Diane put a call into my brother in law who is a crack Copyright and Trade Dress attorney. He is a fine attorney, but he is suspended from the bar and hiding out in Thailand due to back child support and  teaching English. 

In fact The Crack Team believes that Diane has action for a lawsuit against Whitney for publishing an excerpt of  "Reign of Error" with out hers or Salon's permission. That excerpt does not fall under Fair Use.

More spewing from Big Head; There have been so many regulatory issues and accusations of malfeasance that I'm convinced the problems are endemic. Enrollment violations, uncertified teachers, conflicted relationships with nonprofit charter holders.

Gosh, diddly darn Whitless, you have just about described 90% of charters including your favorite run by the Sith Lord, Eva.

I have been looking for years and have not found a single K12 school that is free of scandal and posting even decent (much less good) academic results.

Guess who been saying that for years Whitless? Guess. That echo Whitney hears in his head are all the education bloggers and real teachers throughout the country.

 States (and the IRS) are waking up to what K12 is doing and the company is coming under increased scrutiny, which is beginning to impair K12's growth – and I believe this trend will accelerate

Oh please send the IRS into Success, Bronx Classical Charter, KIPP, Whitney Tilson's hedge fund, his palatial 5th Ave home. It is time to see the truth. Time the IRS goes after the charters instead of Mike Tyson or Jerry Koosman.

Face it Whitney, the jigg is up. It's time to find another toy in your Hamptons sandbox to play with. You have been exposed.

Whitney just exposed himself in that he is all about the money, has no loyalty, and really does not want those with learning issues anywhere near KIPP, Success, him, or anywhere lest he gets a case of hedge fund managers remorse.

For those who are not aware, Whitney has written some pretty mean and misogynistic stuff about Diane. He even created a website for the sole purpose of attacking her. Last night, I wanted to tease Diane that Whitney is her nemesis, her super villain. Then I thought better. Whitney does not have the brains or the class to be in the same league as Lex Luthor, or Bane, or Scarecrow, or Dr Octopus. He's just a street level stick up man, if that. Yeah, or a thug.

1 comment:

Robert D. Skeels * rdsathene said...

K12 is all charter schools, just faster because of their format. At the end of the day, all of these privatization charlatans are in it for the same reasons.

As an aside, one of my local political enemies -- Caprice Young -- sold her lucrative online charter business, KC Distance Learning to K12 some years ago.

The recent Forbes article discussing how all charters are a get rich quick scheme makes it harder for criminals like Tilson to deny the truth any more.