Here's a small piece of news tat most folks missed. Pearson, who screwed up New York State's test for several years in a row has been formally replaced by Questar Assessment Inc.
Questar promises not to be like the "old" testing company. Questar wants to be a successful "new" testing company of New York.
You may not think that matters. But Questar is a publicly traded company (stock symbol STR) and on Monday that publicly traded company scored a big fat government contract: making tests for third through eighth grade in the state of New York).
Here's another piece of news you may have missed: Questar's Board of Directors is practically filled with people from the energy industry (you know big oil, natural gas drilling, coal mining. That sort of thing). One director is also part of the leadership of "Questar Corp.", "Questar Pipeline Company" and "Questar Gas Company".The state’s $44.9 million contract with Questar Assessment Inc. to provide math and ELA test for third through eighth graders has been approved by state Comptroller Tom DiNapoli.That contract approval was tucked inside a larger list of October contract and payment approvals and rejections announced Monday by the state comptroller’s office.
Welcome, Big Energy Industry Big Wigs. Welcome to the party. I'm sorry your stock is down by 60 cents since Monday's announcement. I'm sure it'll bounce back.