Saturday, September 05, 2009

$27 million split how many ways?

This New York Times headline triggered some free association:

Teacher Bonuses Total $27 Million, Nearly Double Last Year’s

Those bonuses will be split among teachers and principals at 139 New York City elementary and middle schools that received As and Bs from the Dept. of Education, based on student test score improvement.

Not to think too hard about comparable worth -- or the wisdom of incenting teachers to teach to tests, or the cogency of the bonus criteria -- but how many New York traders and hedge fund managers will earn $27 million this year to keep for their own little selves?

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