Pearson vs Shareholders

The Pearson corporation’s Annual General Meeting is scheduled for tomorrow, April 29. The London gathering will report to shareholders on the international giant’s year’s $6 billion revenue this year, gained in part from standardized testing in the U.S., and on future plans for the company, which has taken steps in the past year to focus increasingly on education. The April 29 agenda also includes a resolution prepared by a group of concerned shareholders including union pension funds. The resolution asks Pearson’s board of directors to “immediately conduct a thorough business strategy review of the company–including education commercialization and its support of high-stakes testing and low-fee private schools–and to report to shareholders within six months.”

The American Federation of Teachers is still seeking signatures on a petition showing support for the resolution. Meanwhile, Pearson leadership has issued several lengthy responses and is asking shareholders to oppose the resolution. (See AGM link for downloadable materials.) Look for updates following the Annual General Meeting.pearson_rev

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