What is the deal with rich hedge-fund managers wanting to dictate how schools should be run for other people’s children? Can someone please explain this?
Today’s example: A campaign donation of $25,000 to Indiana Superintendent of Public Instruction Tony Bennett from Anne Griffin of Chicago. Who’s she? Anne Dias Griffin is the French-born head of Aragon Global Management, reportedly one of the largest hedge funds run by a woman. Her husband, Kenneth Griffin, is a hedge-fund manager who is said to be the second-richest person in Chicago.
Anne Griffin is also starting a digital media company that will focus on “political, educational and fiscal reform in Illinois and the Midwest,” the Chicago Tribune reports. The Tribune says the Griffins are among the biggest contributors to the Illinois Republican Party and have given more than $1.5 million to Americans for Prosperity, the right-wing PAC established by David and Charles Koch.
New York hedge-fund managers Daniel Loeb and Paul Singer, both big-time supporters of Republican candidates and causes, were previously on board for Bennett, who is running for re-election against Democrat Glenda Ritz.
But it’s not just Republican hedge-funders who buy into the ideology of charter schools, vouchers, merit pay for teachers, etc. Democrats for Education Reform, Ken Libby writes on his DFER Watch blog, is “supported largely by hedge-fund managers Continue reading