According to the Wall Street Journal a new group backed by two hedge-fund founders is taking aim at New Jersey's largest teachers union. Better Education for Kids wants to end the use of seniority in teacher-hiring decisions, implement an effective teacher-evaluation system and weaken tenure..
Better Education for Kids was started by New Jersey residents David Tepper and Alan Fournier, who founded the Appaloosa Management hedge fund and the Pennant Capital Management hedge fund, respectively. Better Education for Kids last week launched a $1 million ad campaign. In September, the group will evaluate its next steps, with an eye toward not only this year's November elections but also the 2013 legislative elections. In an unusual cycle, all 120 lawmakers are up for election in two straight cycles....
Find out more at:
http://online.wsj.com/article/SB10001424052702304657804576401860732664804.html?mod=googlenews_wsj
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