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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Insider here. It's hilarious how deluded so many of the posts in this thread are. Last generation had "The Young and the Restless", this one has DCUM...

Unfortunately the real situation is much less exciting than the fantasies of our beloved Whittle soap opera aficionados. Nobody in the admin or parent committee was skimming anything. What was there to skim exactly? The school had been dead broke since December 2021. The admin was mostly going without pay, with lower level managers receiving partial salary. The reason Dennis left was because the school was literally furloughing large amounts of staff and cutting leadership/admin salaries in half. There was no "big payout". [b]And lastly, the wealthy parents on the funding committee are the only reason the school was able to limp across the finish line. They paid teacher salaries, security, and insurance so their kids could graduate, helping the rest of the student body finish out the year by happenstance.[/b]

One final thing about Dennis... He's not some corrupt mastermind hell bent on running schools into the ground. He's a nice enough guy, but ultimately a diversity hire nincompoop. That's why Maret hired him![/quote]

No. They misled and used the parents of “the rest of the student body” so that their kids could graduate and move on to college without a hiccup. They were supposedly seeing and reviewing the mythical documents regarding new funding, that would enable the school to continue. That was the false premise they used to mislead and plead with other parents to pay extra and hang in there while Whittle got his new deal completed.[/quote]

Can you point me to your source for this? Would love to see the facts of how they managed to pull this off. Thanks![/quote]

From the June 10 WBJ article:

"Indeed, a group of parents and other shareholders cobbled together some of the $2 million needed to make payroll until mid- January, according to another letter Chris Whittle sent Dec. 28, adding that [b]two parents and one faculty member had formed a parent capital strategy committee to discuss the school’s needs with investors. Those representatives — Michael O’Neil, Paul Baldassari and Monica Bisgaard — had signed confidentiality agreements to protect 'highly sensitive' information, he wrote.[/b] Baldassari and Bisgaard did not respond to requests for comment; O’Neil was not available in time for publication.

"Chris Whittle then asked in that letter if any families would be willing to prepay tuition for January, February and March or for the following academic year to close the payroll gap. 'There is an element of risk here, i.e. the possibility that the planned, long-term capital transaction in mid-January does not close, Whittle said in the Dec. 28 letter. 'I believe that is remote, but it is not inconceivable.'"[/quote]

None of that supports your allegation that the parent committee "misled and used the parents of 'the rest of the student body' so that their kids could graduate and move on to college without a hiccup". It merely says that a committee was formed. Where's your source for any wrongdoing by the committee? [/quote]

It completely undermines the point--presumably yours--that the purpose of the committee was just to get the school across the finish line for this past academic year. As this quote makes clear, the claimed purpose was actually to help bring in investment for future years. Which, as your own comments acknowledge, was a ruse.[/quote]

Just because it failed its mission to bring in new investors doesn’t mean it was a ruse. It just means it failed. Again, where is your evidence of wrongdoing by this committee?[/quote]

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