While teachers across the nation have salaries lower than those of other professions and often need to take a second job to make ends meet, the executives at Michael Milken’s cyber charter chain K12, Inc. are faring very well indeed.
Their schools have high student turnover and low graduation rates, but it is a very profitable business.
The chairman of the board and CEO made $4.2 million last year.
The former CEO made $4 million.
The executive vice-president and chief financial officer made $824,000.
The president and chief operating officer made $5.5 million.
The executive Vice President, secretary, and chief counsel made $1.1 million.
The executive Vice President and manager of school services made $854,000.
Numbers are rounded.
Remember: It is all about the kids.