The widespread cancellation of standardized testing across America during this COVID-19 pandemic had me wondering about Pearson Learning (PSO as it is known in the stock market), a mammoth education corporation located in the United Kingdom and with offices in the United States. I have written about Pearson a number of times over the years […]
Connections Academy is a virtual K12 (and possibly pre-K12) school operated by education business mammoth, Pearson. According to Pearson’s February 2019 earnings call, Pearson is focused on expanding its Connections Academy market. Pearson is undergoing restructuring; it has (and continues to) reduce its workforce and has been selling off less-profitable companies in an effort to […]
School Reform Lands in Federal Court By Seth Sandronsky Edupreneurs are the new normal of public education. One involved in the writing of the Common Core State Standards (CCSS) is suing a global corporation in a breach-of-contract case tied to the profits of school assessment, i.e., high-stakes testing of K-12 pupils. Judy Codding, Ph.D., a […]
Education and testing mammoth Pearson has an established history in botching high-stakes testing. Pearson did it again, in Mississippi. According to the Associated Press (AP), Mississippi canceled its contract with the testing giant after Pearson fessed up to mixing up scoring tables for an exam that now has approximately 1,000 Mississippi students either graduating when […]
Three years ago, in 2014, education and publishing mammoth Pearson expected to make a killing on the Common Core State Standards (CCSS). I wrote about Pearson’s CCSS profit expectations in this post based upon Pearson’s February 2014 earnings call. I noted that when one market analyst pressed for an alternative plan of action in case CCSS […]
Where there is Common Core, there will be publishers marketing “Common Core aligned” materials. And, as one might expect, there will be organizations ready to grade the alignment of those marketed, Common-Core-aligned materials. Turns out that Pearson, a company that counted on profits generated by America’s Common Core situation, did not fare well at all […]
In January 2016, Pearson announced that it would be cutting 4,000 jobs (roughly ten percent of its workforce) in a the second “restructuring” (a euphemistic term that never means a company is doing well) under its current CEO, John Fallon. Pearson profits have taken a hit for three of the past four years. In February 2016, Teach […]
Addendum 01-21-16, 12 noon CST: In the post below, I assumed that Pearson CEO John Fallon had been fired. It seems that Fallon has not been terminated but that his job is uncertain. ___________________________________________________________________________________ In Pearson’s February 2014 earnings call, CEO John Fallon and and CFO Robin Freestone were clearly counting on the Common Core […]
According to NASDAQ, on December 18, 2015, Pearson (PLC) stock closed at $11.06 per share– its lowest since the effect of the financial crisis of 2008. Pearson was last at around $11 per share in the summer of 2009. Pearson stock flux per share over 2015: (Click images to enlarge) Pearson stock flux per share over […]
In my book, Common Core Dilemma–Who Owns Schools?, I have a chapter on London-based mega-company, Pearson. On September 23, 2015, Washington Post education writer Valerie Strauss featured an excerpt from that chapter. Readers are able to view Strauss’ post on her blog, “The Answer Sheet,” by clicking here. On October 08, 2015, the president of Pearson North America, Don […]
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