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" ... Brands were harmed further by 3G Capital, a Brazilian multi-billion dollar private equity firm best-known for partnering up with Warren Buffett’s Berkshire Hathaway. 3G Capital was lauded by Wall Street as a model operation. It bought Kraft and merged it with its privately-owned the Heinz company in 2015, taking the combined business public, as Kraft Heinz. The 3G Capital approach to business is ruthless and revolves around cost-cutting. Every employee must justify his existence every single day. Promotions are quick and merit-based, and underperformers get fired with the same alacrity. Budgets are zero based and evaluated unsparingly every year, or even sometimes with more frequency. Expenses are eliminated if they’re no longer judged worth incurring. ... "
" ... I’m a senior fellow at the Thomas B. Fordham Institute, an education policy think tank. After twenty years in journalism, including stints at Time and BusinessWeek, I became a fifth-grade teacher at a struggling South Bronx public school in 2002. My articles and op-ed columns on education, literacy, and civic education have appeared in the Wall Street Journal, the Atlantic, the New York Daily News, and many other publications. My 2019 book, How the Other Half Learns, based on a year of observations at New York City’s Success Academy network of charter schools, was praised as “morally disturbing” and “unsparingly honest” by The New York Times. ... "