Sometimes those of us in education grow weary of the escalation of Wall Street compensation while educators’ pay remains stagnant or declines. One might draw the conclusion that the world values Wall Street types more than academic types, and we know that cannot be so. Now we have the evidence from The New York Times. Beverly L. Hall, a district superintendent in the Atlanta school system, drew the attention of prosecutors who decided she is worth a $7.5 million bond, while back in New York City Michael S. Steinberg, worker at SACS Capital Advisors who made tens of millions trading “investments,” was released from custody on a mere $3 million bail. Now Ms. Hall allegedly hauled in over half a million dollars over several years from her activities, and prosecutors consider her worth (by bail and bond standards) over twice as much as Mr. Steinberg. Let’s not miss this chance to highlight a shift in society’s appreciation of what educators do.
P.S. Note that neither of these people has seen her or his day in court, and it might be time to roll out the bromide: each is innocent until proven guilty.