Ted Mitchell, CEO of the NewSchools Venture Fund, was selected by the Obama administration to hold the #2 job at the U.S. Department of Education. Mitchell is a strong proponent of privatization. The NewSchools Venture Fund exists to promote privatization. Of course, we should not be surprised that Arne Duncan chose the CEO of NSVF for the second most important job in the Department. After all, he invited Joanne Weiss, then CEO of NSVF, to run Race to the Top, then made her his chief of staff. From the beginning of this administration in 2009, public schools were considered obsolete and given a back seat.

Politico.com reports:

TED TALKS: Ted Mitchell, nominated to oversee higher education at the Education Department, filed his financial disclosure statement – and his connections to charter schools and education technology run deep. The CEO of the NewSchools Venture Fund, Mitchell sits on at least a dozen boards of non-profit organizations and for-profit companies, including two ed-tech firms, a seed fund for blended learning schools, a charter network and Khan Academy. The 44-page financial disclosure form also lists Mitchell’s numerous – but generally small – investments in technology and education companies, including the publishing house McGraw-Hill, Apple, Google, Microsoft and the Apollo Group, the for-profit company that owns the University of Phoenix.

– Mitchell is also an adviser to Salmon River Capital, a venture capital firm that has invested heavily in online, for-profit Capella University. If confirmed as under secretary, Mitchell would focus on higher education. One contentious issue the department is facing includes the regulation of for-profit colleges. Department spokeswoman Dorie Turner Nolt said Mitchell is in the process of resigning from all boards on which he sits. “Under our ethics policies, Ted won’t be able to participate in any matter pertaining to an organization where he sat on the board for at least a year,” Nolt said.