The richest man in America stepped to the podium and declared war on the nation’s school systems. High schools had become “obsolete” and were “limiting—even ruining—the lives of millions of Americans every year.” The situation had become “almost shameful.” Bill Gates, prep-school grad and college dropout, had come before the National Governors Association seeking converts to his plan to do something about it—a plan he would back with $2 billion of his own cash.
“A lot of things we do don’t work out,” admitted Broad, a product of Detroit public schools and Michigan State who made a fortune in home building and financial services. “But we can take the criticism.”
The bottom line? The billionaires aspired to A-plus impact and came away with B-minus to C-minus results, according to the NEWSWEEK/CPI investigation, which was based on specially commissioned data and internal numbers shared by the philanthropists’ foundations.