Hedge Fund Operators Seek Changes in Seniority and Tenure

from The Wall St. Journal:

A new group backed by two hedge-fund founders is taking aim at New Jersey’s largest teachers union.

Better Education for Kids wants to end the use of seniority in teacher-hiring decisions, implement an effective teacher-evaluation system and weaken tenure. Much of this conflicts with the policies of the New Jersey Education Association, or NJEA, which represents about 200,000 teachers, retirees and education professionals.

Better Education for Kids was started by New Jersey residents David Tepper and Alan Fournier, who founded the Appaloosa Management hedge fund and the Pennant Capital Management hedge fund, respectively.

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