Sign up FAST! Login

Facebook and Newark Schools: About the $100 Million... - Businessweek

Stashed in: Zuck!, @corybooker

To save this post, select a stash from drop-down menu or type in a new one:

Booker can be very persuasive. He is charming and erudite. It is not unusual for the former high school football star and Rhodes Scholar to underscore his points by quoting Frederick Douglass, Ralph Waldo Emerson, or Alexis de Tocqueville. He exudes optimism and is a man of action. People started referring to Booker as Superman in April after he ran into a burning building in Newark and rescued one of his neighbors.

His greatest power may be his ability to get wealthy people to write him checks. Booker has elicited donations from Steven Spielberg, Chris Rock, Oprah Winfrey, and numerous hedge fund managers and investment bankers by pitching Newark as a kind of petri dish for urban policy experimentation. They can fund similar efforts in a huge place like New York, Booker tells his targets, or they can get a better return on their philanthropic dollar in Newark because it’s a smaller city. The pitch seems to work. In May 2010, when he was reelected mayor, he and his slate of candidates received $7 million in contributions. His closest competitor, Clifford Minor, raised $262,000.


With great power..

Have there been any results so far?

You May Also Like: