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@contradevian

Wakefield Academies Asset Stripped

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Must be peak rent extraction. Academy schools asset stripped of millions. Pupils forced to recycle old exercise books.

https://www.theguardian.com/education/2017/oct/21/collapsing-wakefield-city-academies-trust-asset-stripped-schools-millions-say-furious-parents

Obviously being rich isn't good enough for some people.

MOAR RENT

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The nice thing about a competitive market system is that bad practice like this can be freely outed, and not covered up as was the case under LEAs in the past.

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24 minutes ago, Si1 said:

The nice thing about a competitive market system is that bad practice like this can be freely outed, and not covered up as was the case under LEAs in the past.

Yeah, daylight robbery is definitely the best kind of robbery. 

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5 minutes ago, DrBuyToLeech said:

Yeah, daylight robbery is definitely the best kind of robbery. 

Followed by jailing and asset rdcovery of the due tors.

Better than pensioned off or moving to another school.

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'I want my kids to have the education i did get' 

Josie Farrar aged 250.

Sorry 46!

'I left school at 13...'

Er Josies the legal school leaving age in 88ish was 16.

I think Josie and her parents might have played a large factor in her education, or lack of it.

Me? Id make people have to have 5 gcse passes at c before they claim benrfits.

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57 minutes ago, DrBuyToLeech said:

Yeah, daylight robbery is definitely the best kind of robbery. 

What a stupid comment.

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1 hour ago, DrBuyToLeech said:

Yeah, daylight robbery is definitely the best kind of robbery. 

 

20 minutes ago, Si1 said:

What a stupid comment.

Si1, it seems like a pretty fair comment to me, if the trust (or more specifically, its chief executive) gets away with it - and so far, there is no indication they have done anything illegal.

The trust arranged for the schools to lend it money, and then went bankrupt. Also from the article: "The draft raised concerns that the chief executive, Mike Ramsay, had been paid more than £82,000 for 15 weeks’ work, [...] The previous month, it had emerged that the trust had paid almost £440,000 to IT and clerking companies owned by Ramsay and his daughter."

Sunlight may be good disinfectant, but so far it looks like these "businessmen" are hiding in broad daylight.

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Some got given rubbish schools, little of anything academic learned.....lots of fun had and great social contacts, practical, financial and life skills taught, but most importantly lots of future work opportunities available without a requirement of piece of paper to say passed something of so called importance....could walk from one job into another, your test was what you could do, not how much you could memorise or what school you went to......how things have changed.....no good having passed plenty of tests if the job opportunities are not there, and the tests are invalid.....doesn't matter how many strings to your bow you have, not what you have, but what you can do.;)

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1 hour ago, Si1 said:

What a stupid comment.

Makes you feel warm and fuzzy inside knowing that public assets are being taken into the private sector, then sold off / spent with no consequences, doesn't it?

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Just now, Futuroid said:

Makes you feel warm and fuzzy inside knowing that public assets are being taken into the private sector, then sold off / spent with no consequences, doesn't it?

Err, no consequences? The trust in question has lost its business? Finished. That's consequences.

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4 hours ago, @contradevian said:

Must be peak rent extraction. Academy schools asset stripped of millions. Pupils forced to recycle old exercise books.

https://www.theguardian.com/education/2017/oct/21/collapsing-wakefield-city-academies-trust-asset-stripped-schools-millions-say-furious-parents

Obviously being rich isn't good enough for some people.

MOAR RENT

The schools have money moved to the Trust:

Quote

 

The draft raised concerns that the chief executive, Mike Ramsay, had been paid more than £82,000 for 15 weeks’ work, despite the fact that the trust was facing a large budget deficit. The DfE has so far refused freedom of information requests to see the final report.

The previous month, it had emerged that the trust had paid almost £440,000 to IT and clerking companies owned by Ramsay and his daughter. In a statement at the time, the trust said internal vetting procedures had found that the contracts represented the best value.

Although serious questions have been raised about financial managment, there is no suggestion of fraudulent activity.

 

 

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Well the schools are now earning a very nice income (or rent) for Ramsay and his daughter. Suspect they were doing fine without the "IT and clerking" services.

We are not allowed to see the full report of course

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There is plenty of bad practice that is covered up within the academy system, it just isnt often publicised as in this example, as this is still politically embarrassing. LEAS had their faults but there is no way  public money could be transferred to private accounts before going bust because they werent private companies to start with. Private companies do this all the time , most of the money is never recovered. 

In my opinion the academy system is the worst of both worlds. There isnt the competition of the private sector as they are guaranteed income from the government. The state has gifted them infrastructure to make a profit, so they offer little private investment of their own. They are rent seekers who make money by employing the cheapest staff  contracting out services to their own subsidiaries,  whether this offers the best value or not, overpaying management(which is themselves) .  As private companies they are also legally open to less scrutiny than non academy schools. 

Free market competition works because incompetent companies go bust. There is a problem when this happens to the local school or hospital. Paying the consequences means losing your own invested money and assets, not handing back what was gifted to you by  the state after you have already used them to cream off tax payers money. 

 

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3 hours ago, nothernsoul said:

There is plenty of bad practice that is covered up within the academy system, it just isnt often publicised as in this example, as this is still politically embarrassing. LEAS had their faults but there is no way  public money could be transferred to private accounts before going bust because they werent private companies to start with. Private companies do this all the time , most of the money is never recovered. 

In my opinion the academy system is the worst of both worlds. There isnt the competition of the private sector as they are guaranteed income from the government. The state has gifted them infrastructure to make a profit, so they offer little private investment of their own. They are rent seekers who make money by employing the cheapest staff  contracting out services to their own subsidiaries,  whether this offers the best value or not, overpaying management(which is themselves) .  As private companies they are also legally open to less scrutiny than non academy schools. 

Free market competition works because incompetent companies go bust. There is a problem when this happens to the local school or hospital. Paying the consequences means losing your own invested money and assets, not handing back what was gifted to you by  the state after you have already used them to cream off tax payers money. 

 

Well, in their defense.

The academies dont own the schools. They operate in them.

The scam by the head and family was discovered and outed quickly. You might be surprised by how many of those scams are still going with LA schools.

The other thing you dont see is how much case LEA swallow up with no accountability. Half the school spent dpes not get anywhere near the blackboard.

A major point of academies is that LEAs are so embedded and opaque that ukgov thought, fuxit, bypass them.

As a governor who looks at the finance and have to deal with general unresponsivenive of the school and lea, i can see why people had enough and said fuxit. When you look at cost, in some places its cheaper to send kids to a private school. Thats shocking.

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The usual suspects defending theft because it fits in with their world view I see.

This academy chain is just the tip of the iceberg. Give me some examples of local authority schools doing this type of thing.  You won't be able to do so because they don't. 

The big, and perfectly legal, coming scandal will be when the for profit arms of the multi-academy trusts start selling their own curriculums back to their schools. It works as follows, we pay for a school to be taken over by a "charity", the charity get the teachers to create a curriculum, the curriculum is copywritten by a for-profit venture made up of the school chain bigwigs, the individual schools then pay a fee to the for profit arm for use of the materials.

Or do people  think all these hedge fund types (Harris, Moniyhan, Agnew) got interested in schools all at the same time by coincidence. 

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17 minutes ago, guest_northshore said:

That's not correct. They often own or control the land and/or buildings.

Normally a lease. Not owned.

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2 minutes ago, Timak said:

The usual suspects defending theft because it fits in with their world view I see.

This academy chain is just the tip of the iceberg. Give me some examples of local authority schools doing this type of thing.  You won't be able to do so because they don't. 

The big, and perfectly legal, coming scandal will be when the for profit arms of the multi-academy trusts start selling their own curriculums back to their schools. It works as follows, we pay for a school to be taken over by a "charity", the charity get the teachers to create a curriculum, the curriculum is copywritten by a for-profit venture made up of the school chain bigwigs, the individual schools then pay a fee to the for profit arm for use of the materials.

Or do people  think all these hedge fund types (Harris, Moniyhan, Agnew) got interested in schools all at the same time by coincidence. 

No.

https://www.theguardian.com/uk/2003/sep/01/education.schools

http://www.dailymail.co.uk/news/article-494227/Headteacher-stole-90-000-special-school-fraud-fund-extravagant-lifestyle.html

Outright fraud is very common in lea controlled schools. 

It just gets covered up. 

Theres standard guidelines on how vontracts should be awarddd, how people dhpuld be recruited. Time and yime, a head and cluque of governors get into gormless contracts. Sonetimes they think yhey are helping the school and saving time and money by using their contract and law genius . Sometimes its and out and out milking.

Schools needs a set of lawyers and contract managers outise of the lea system.

 

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9 minutes ago, Timak said:

The usual suspects defending theft because it fits in with their world view I see.

This academy chain is just the tip of the iceberg. Give me some examples of local authority schools doing this type of thing.  You won't be able to do so because they don't. 

The big, and perfectly legal, coming scandal will be when the for profit arms of the multi-academy trusts start selling their own curriculums back to their schools. It works as follows, we pay for a school to be taken over by a "charity", the charity get the teachers to create a curriculum, the curriculum is copywritten by a for-profit venture made up of the school chain bigwigs, the individual schools then pay a fee to the for profit arm for use of the materials.

Or do people  think all these hedge fund types (Harris, Moniyhan, Agnew) got interested in schools all at the same time by coincidence. 

As far as curriculum material. Schools choose an exam board, which will have its set of course books. Theres no need for a school to generate its own material. Id wish they didnt. Most teachers have no ability to generate good, correct course info.

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38 minutes ago, spyguy said:

Normally a lease. Not owned.

Ownership - usually leased but not always. eg. many Foundation, Free, Voluntary aided, Trust schools.

Control - been a lot of contention between the interests of LEAs, central Gov, Academy Trusts.

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Concerns about misuse of money were leaked from a government report a year ago before this happened, so there is obviously a political/ideological will to turn a blind eye to academy failings. Ive also noted that although this is a huge story, the fact it was not illegal to take children's money out of individual schools before going bust has implications for the whole academy system, something that would also shock most of the public, is only covered by the guardian. 

 

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Former school headteacher jailed for stealing and having sex in his office

http://www.itv.com/news/anglia/2017-10-06/former-school-headteacher-jailed-for-stealing-and-having-sex-in-his-office/

This involves and academy. I'm not saying that no fraud takes place in LEA schools but there is a pack of supervision in Academies that the scale of the problems are more likely to get out of hand.

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