Better education for children was launched (B4K), based in New Brunswick, earlier this month by Tepper, founder of 16 billion dollars the Appaloosa management and Fournier leading Pennant Capital Management, which has about 3 billion dollars in assets under management.
The objectives of B4K, however, has put it at odds with the New Jersey Education Association, the State's major teachers Union, according to an article in the Wall Street Journal.
B4K advocates for tying tenure to teacher evaluation and elimination of seniority in teacher-hiring decisions in the New Jersey public schools, among other things.
An estimated 112,000 teacher teaches over 1.3 million students in 2,480 public schools, NJ Department of education data.
B4K has already launched an ad campaign, the journal reported, in order to fight back against NJEA ads criticizing Governor Chris Christie for his attacks on the teacher's Union, as well as cuts in education in the State budget.
Tepper and Fournier has links with Christie due to both its hedge fund company in the wealthy enclave of Chatham, where Christie owns a home. Tepper is also a major aid donor to the community FoodBank of New Jersey, which is also supported by Christie's wife, Mary Pat.
Go to the Wall Street Journal article
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