The for-profit corporation K12 had major news for investors this week, while educator Darcy Bedortha published a tale of experiences with the virtual schooling giant K12.

Bedortha’s story, entitled “15 Months in Virtual Charter Hell,” appeared on Education Week’s teacher blog, on January 6. It reinforces many of the criticisms investor and education reform advocate Whitney Tilson raised on this program and throughout the investment world last fall.

The for-profit corporation K12 announced two new executive appointments on January 7 and the resignation of its founder and CEO Ron Packard. Packard resigned in order to launch a new company, in collaboration with Safanad Limited, an investment company based in New York and Dubai.