Fat-cat heads are profiteering from academies

As increasing numbers of schools become academies – there are now more than 8,000 academies across England – state education seems increasingly to resemble the business world, with empires of schools rising and falling under the stewardship of dynamic individuals, hostile takeovers not unknown, and the public often struggling to understand what are sometimes hugely complicated ownership structures, agreed in private.

The latest revelation, in what seems an endless list of recent scandals, came on Monday as it emerged that one of two charities associated with a primary school in south London is paying off an £850,000 end-of-contract package to its former headteacher.


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