BY BOB HOLT
NEWJERSEYNEWSROOM.COM
Governor Christie has gained an important ally in his battle against the New Jersey Education Association, one who has a strong reputation in philanthropy toward education. Billionaire hedge fund manager from Livingston David Tepper has joined forces with Alan Fournier, founder of Pennant Capital Management of Chatham, to form non-profit organization Better Education for New Jersey Kids.
Executive Director Derrell Bradford left Excellent Education for Everyone from Newark last week to run the Better Kids program.
According to the Wall Street Journal, Tepper’s new group wants to eliminate seniority in decisions about hiring teachers, establish a quality evaluation system for teachers and change tenure, going against much of NJEA policy.
The Courier Post reports that Tepper, president of Appaloosa Management, is well known for buying stock in 2009 while banks were collapsing, and earning nearly $8 billion for his firm.
Tepper has given to Rutgers University and the Community Food Bank of New Jersey, and he donated $55 million to Carnegie Mellon University's business school, which is now the David S. Tepper School of Business.Njpsa.org reports Fournier’s charities have been St. Anthony's High School, the NJ Community Food Bank, New Jersey SEEDS, the Boys & Girls Clubs of Newark, TEAM Schools of New Jersey and the All Stars Project of New Jersey.
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To all the teachers that voted for Chris Christie, it's time you got into action and joined the fight. I ask you, how do you like him now?