Cendant Corp., one of two massive parent companies now controlling the development and sales of most curriculum software, announced on April 15 a nearly $15 billion drop in stock value resulting from bookkeeping irregularities. News of the accounting problem set off a selling frenzy that sent Cendant stock plummeting.

Investors watched Cendant stock lose nearly 50 percent of its value in one afternoon, and employees held their breath as corporate officers struggled to find ways to absorb the $15 billion shortfall.

Cendant's setback reminded educators yet again of


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