This report in the Washington Post gives yet further evidence of the failure the Edison corporation, the leading ‘for-profit’ school operator in the US. Actually, the report says that Edison has never made a profit. This is scarcely surprising. The report points out that the number of students makes Edison equivalent to one of the big US school districts, but how many of them have a $125 million dollar headquarters in Manhattan (now abandoned) or a boss with a $46 million East Hampton estate (now up for sale). It’s hard to make a profit with overheads like that.