1. Stepping Down

    Joel Klein to Leave NYC Schools Post

    Joel Klein, the chancellor of New York City public schools, is resigning his post to join Rupert Murdoch at News Corp. Klein, who will serve as a senior adviser to Murdoch, served New York City during the crucial and experimental period following the 2002 handover of the New York City public school system to City Hall. He's credited with ending the practice of “social promotion,” wherein a student passes to a higher grade along with his peers without having met required academic benchmarks. Mayor Michael Bloomberg has tapped Cathie Black, currently chairman of Hearst Magazines, as Klein's successor.

    Read it at The Wall Street Journal