Submitted by ChildCearPlz t3_11tfaai in vermont
Vermont childcare center representatives and David Post, the CEO of Little Sprouts gathered on 3/15 and 3/16 to discuss tuition increases of 30%. During the meeting, Mr. Post feigned empathy and avoided questions from some of the sharpest and most well-spoken Vermonters in attendance. Little Sprouts is a child company of the France based multinational childcare company known as Babilou Family.
chloroform42 t1_jck4qhe wrote
Corporate childcare ownership is an abomination, investment groups buying struggling centers to ‘flip them’ by cutting costs and raising tuition. It only works by blowing everything up. They may be banking on public investment to bail them out eventually, but in the meantime it’s the usual horrible-for-everyone-but-investors strategy