Ron Packard, previously at Goldman Sachs and McKinsey, knows a good thing when he sees it. He was formerly CEO of online charter chain K12 Inc., where he was paid $5 million a year to run the business. Now he calls himself an “educator” and plans to open a new e-school in Ohio. After the collapse of ECOT, which siphoned $1 Billion from taxpayers, you would think Ohioans would say no.

Apparently the lesson educator Packard draws is that the market needs another e-school to replace ECOT.

This one, he says, will be better than ever. Bigger, better, better. And some people will believe him.

Every dollar he gets will be withdrawn from a public school.

When will the legislature ban these faux schools?

Better yet. Limit the owner’s salary to be no greater than that of a superintendent. He will leave.