K12, Inc.

• Author: Glass, Gene V.
• Position: THE SMOKING GUN - Brief article

K12 Inc. is a provider of online schooling--virtual education--for students in grades one to twelve. It has managed to enroll upwards of 100,000 children in its various full-time "cybercharters." Its revenues are approaching $1 billion annually, but the future may not be so bright, as the audio recording of a recent conference call with stock analysts revealed.

Nate Davis, who replaced Ron Packard as CEO after Packard paid himself $4.1 million in 2013, is...