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New York City
September 2003

Broad Foundation Taps Young MBAs to Transform Urban Public Education

The Broad Foundation launched an innovative residency program to recruit, train and place young business leaders in urban school districts across the country. This highly selective program accepted less than five percent of the over 250 applicants.

Eli Broad, Founder of The Broad Foundation, said, ďThe Broad Residency will tap graduates from the nationís top business schools and apply their skills to the challenges faced in managing urban public school districts. I am thrilled to see so many dedicated young leaders eager to use their leadership and management skills to remedy the inequities in urban education.Ē

This program, the first of its kind, is an intensive two-year management development program. It will give young business leaders the opportunity to immediately assume managerial positions in the central operations of an urban school district. Many of these districtsí size and complexity rival the nationís Fortune 500 companies.

Trained and supported by The Broad Foundation, Residents will apply their executive knowledge and skills to drive the organizational changes necessary to increase student achievement in their assigned school district.

The Broad Foundationís mission is to dramatically improve K-12 urban public education through better governance, management and labor relations. The Foundationís other major initiatives include the one million dollar Broad Prize, awarded each year to urban school districts that have made the greatest overall improvement in student achievement and The Broad Institute for School Boards, an annual training program for newly elected school board members that is designed to increase student achievement through improved governance.#

For more information contact Melissa Bonney Ratcliff at (310) 429-2778.

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Education Update, Inc., P.O. Box 1588, New York, NY 10159.
Tel: (212) 477-5600. Fax: (212) 477-5893. Email: ednews1@aol.com.
All material is copyrighted and may not be printed without express consent of the publisher. © 2003.


 

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