Head of troubled charter school company resigns

10-11-2010

By Howard Blume/Los Angeles Times

The founder of a troubled charter school company, one of the nation's largest, has resigned amid an ongoing financial crisis that will result in slashing the organization's payroll by about 25%. The departure of Mike Piscal, 44, who started and ran ICEF Public Schools, was confirmed Thursday night at a meeting with more than 1,000 parents and staff. The austerity measures, which will include midyear layoffs of an undetermined number of teachers, are both fiscally necessary and required by benefactors who stepped forward last week to pledge help, said interim chief executive Caprice Young. ICEF, which serves about 4,500 students, also wants help for its 15 campuses from the Los Angeles Unified School District, Young said. (more…)

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Head of troubled charter school company resigns

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