Pearson Pops AFT’s Bubble

The American Federation of Teachers, by virtue of holding shares in Pearson Inc., submitted a resolution to the education and testing company to “immediately conduct a thorough business strategy review of Pearson PLC including education commercialization and its support of high stakes testing and low-fee private schools and to report to shareholders within six months.”

The union and its allies also produced a petition, a rally and a media blitz.

Well, the shareholders voted on the resolution this morning and it was defeated by a margin of 97.6% to 2.4%.

Fortunately for AFT and its friends, they have the option of selling their Pearson shares and putting their money into companies and organizations more supportive of views that are in a tiny minority at Pearson. Would that teachers had the same option.