
But things like this only happen in for-profit schools. Do the math. |
Truth matters. |
Sorry to break it to you but people get swindled every where, not just in for profit schools. |
I agree with PP that the truth of what went down matters a lot. It’s not fair to destroy the COO’s reputation just to suit a particular narrative. |
Yeah - who remembers Rock Creek International School? The non-profit school folded after the head of school mismanaged the finances while the Board was sleeping. He went on to found a for-profit school that also folded. My DCs were at WIS at the time and they took in a lot of students who were left with no school. https://www.washingtonpost.com/archive/local/2007/02/22/exclusive-school-is-at-risk-of-closing-span-classbankheadparents-angered-by-the-news-of-a-cash-shortfallspan/9e2b85e2-a48d-46d8-8bcd-23d4a4a685ca/ |
I'd wager that serving as COO at a flaming dumpster fire of a company running away from tens of millions in unpaid bills has already put a hefty dent in that individual's reputation. |
Yet still, the truth matters. |
True, but this is a thread about a for-profit school. |
I don't think Chris has consulted a good crisis-management team. He seems to be providing a textbook case of what not to do. |
If $1 million covers one month payroll for 44 people, then the average annual total compensation per employee was $204,500 (9 month payroll) to $272,700 (12 month payroll). If those were truly the compensation amounts, then faculty and/or administration were absurdly overcompensated compared to market rates for local private school employees. If those were not the average compensation amounts, then Whittle kept lying right up to the end. |
Did you account for benefits in your calculations? |
“Compensation” can cover a lot of things, incl medical, life insurance, retirement, and at a private for profit, perhaps they offer a lot more professional development travel, etc. Not sure a lot about this school can be compared apples to apples with Jane the Math Teacher at NCS. That said, Why. Are. We. Still. Talking. About. This… |
The $1M could includes taxes, benefits and some other overhead. "Payroll and benefits" is probably shorthand for all of the monthly personnel-related costs. |
Yes, “total” compensation. VERY good private school teacher pay is $100-$150k/year. Let’s say everyone has expensive health insurance that’s $2k/month family plan. Typical retirement benefit is up to 3 percent of salary match IF the employee puts away 3 percent. Payroll taxes are 7.65 percent. Let’s assume $150k salary. Salary: $150,000 Health insurance: $24,000 Employer retirement contribution: $4500 Employer payroll taxes: $11,475 TOTAL: $189,975 Even assuming a nine-month payroll, that’s still $14k shy of Whittle’s average. I doubt they were making that up in gym memberships, short-term disability insurance, life insurance, or other benes that schools so rarely provide. Also, plenty of teachers at private schools are making $80k or less, especially those is their first 10 years of teaching. |
Those numbers almost certainly include benefits like health insurance, retirement, etc. So your math is off. |