Mercedes Schneider describes a great puzzle at Eva Moskowitz’s celebrated Success Academy charter chain.

Moskowitz laid off staff, allegedly because of state budget cuts, which cost her chain $60 million.

At the same time, she is hiring new staff.

And the chain has $60 million in reserves.

And if it is austerity time, why didn’t Eva cut her own compensation of $889,000 a year? You know, as a gesture while firing people.

Another tour de force of forensic investigation by Schneider.