In Los Angeles, Austin Beutner leads the privatizers efforts to dismantle LAUSD.
He worked in Wall Street’s Blackstone Group, and then co-founded Evercore Partners, a private equity firm whose claim to fame is dismantling companies, firing workers and selling the leftovers for a profit. After that, he went onto short-term but high-profile gigs with little success. He tried running for mayor, but his candidacy did not gain traction. At LADWP, Beutner was the ninth general manager in 10 years. At the L.A. Times, he was one of several publishers fired by out-of-town ownership. He has no experience as a teacher or even managing a school. So, what makes him qualified to run the nation’s second-largest school district?
How billionaire privatizers are undermining public education