« Chicago Coalition Wants to End Mayoral Control | Main | Los Angeles Skips Search, Names New Leader »

Former NY Chancellor's New Job Proves Lucrative

Joel Klein, who was formerly earning $250,000 a year as chancellor of the 1.1 million-student New York school system, will earn $2 million a year in his new job at News Corp., according to a story on Bloomberg.com.

Klein, an executive vice president in the office of News Corp. Chairman Rupert Murdoch overseeing educational endeavors, received a $1 million signing bonus and be eligible for annual bonuses of at least $1.5 million. News Corp. counts the 20th Century Fox film company, Fox's numerous TV enterprises, The Wall Street Journal, the New York Post, and book publisher HarperCollins among its holdings.

News Corp.'s entry into the educational technology marketplace has raised interest among industry observers, according to my colleague Ian Quillen's December article in Education Week. Analysts see Klein's hire as a way to solidify the company's entry into this field, the story notes.

Notice: We recently upgraded our comments. (Learn more here.) If you are logged in as a subscriber or registered user and already have a Display Name on edweek.org, you can post comments. If you do not already have a Display Name, please create one here.
Ground Rules for Posting
We encourage lively debate, but please be respectful of others. Profanity and personal attacks are prohibited. By commenting, you are agreeing to abide by our user agreement.
All comments are public.

Follow This Blog

Advertisement

Most Viewed on Education Week

Categories

Archives

Recent Comments