Tag Archives: Corporations

The Corporate Takeover of Education? Pearson’s Rapidly Expanding Control of UK Qualifications

Amidst the other aspects of the privatisation of education (Marketisation, Academies, Free Schools, Apprenticeships, Tuition Fees etc.) you may have missed this aspect!

Pearson PLC is a FTSE 100 company worth nearly £10 billion with sales of £4.9 billion and a £720 million profit in 2014, whose best-known subsidiary is Britain’s largest exam board, Edexcel, which generates a a profit of £60 million a year.

Over the last five years Pearson PLC has aggressively expanded its control of Britain’s qualifications and assessment market.

Between 2008/09 and 2012/13 its share of the GCSE market increased from 21% to 30%

Pearsons GCSE

 

Its share of ‘other qualifications’ has increased from 5% to 28%

Pearsons other table

Pearsons other

However, Pearson’s share of the smaller A level market decreased slightly from 25% to 23%.

Pearsons A level

Despite the shrinking in the A level market, taken together this means that Pearson PLC now sets the examination standards for almost 30% of qualifications undertaken in England, Wales and Northern Ireland (1).

NB – There is more expansion planned! In its 2014 annual report Pearson PLC clearly states a desire to further expand its role in the UK education further, by getting more involved in such areas as the development of blended and virtual schools (e.g. Connections Education); and schools improvement programmes (e.g. through the Pearson’s School Model), and the use of ICT is central to all of this (2), although to date progress in these other areas seems to have not been as rapid as with its takeover of the qualifications market.

(1)http://webarchive.nationalarchives.gov.uk/20141031163546/http://ofqual.gov.uk/standards/statistics/annual-qualification-market-report-england-wales-northern-ireland/

(2)https://www.pearson.com/ar2014.html

The growing power of corporations?

In the last seven years the revenues and profits of the world’s largest corporations have grown at twice the rate of the GNI of the world’s largest economies (and a lot faster than the flat-lining Euro economies.)

NB – There’s no actual analysis here (yet) – make of it what you will!

  2005 2011/12 %change
Total GNI top 5 economies $23.8 trillion $34.7 trillion 45%
Total Revenue top 5 global companies $1.3 trillion $2.4 trillion 85%
% of revenue as % of total GNI of top five countries 5.4% 6.9% 1.5%
Total Profit top 10 companies $151 billion $295 billion 95%

See below for the evidence base – I’m aware of the problems of comparing Revenue/ profits with GNI as a measure of ‘Corporate power’ in relation to Nation State power, but I’m not actually doing that here, am I – I’m doing a historical comparison… 

Global 500 Companies by Revenue in 2012

  1. Royal Dutch Shell – $485 billion
  2. Exxon-Mobile – $452 billion
  3. Wall-Mart – $446 billion
  4. BP. $386 billion
  5. Sinopec Group – $375 billion
Total Revenue of Top five Global Companies 2012 = $2.14 Trillion

The Most Profitable Companies in the world 2011

  1. Gazprom – $44 billion
  2. Exxon-Mobile – $41 billion
  3. Industrial and Commercial Bank of China – $32 billion
  4. Shell – $30 billion
  5. Chevron – $26 billion
  6. China Construction Bank – $26 billion
  7. Apple – $25 Billion
  8. BP. – $25 Billion
  9. BHP Billiton – $23 billion
  10. Microsoft – $23 Billion
Total Profit 2005 for top 10 companies = $295 billion
Let’s look at the same figures for 2005 (Revenue on left, profit on right)
1 Wal-Mart Stores 287,989.0 10,267.0
2 BP 285,059.0 15,371.0
3 Exxon Mobil 270,772.0 25,330.0
4 Royal Dutch/Shell Group 268,690.0 18,183.0
5 General Motors 193,517.0 2,805.0
6 DaimlerChrysler 176,687.5 3,067.1
7 Toyota Motor 172,616.3 10,898.2
8 Ford Motor 172,233.0 3,487.0
9 General Electric 152,866.0 16,819.0
10 Total 152,609.5 11,955.0
Revenue for top 5 companies in 2005 = $1.30 trillion

Profit for top 10 companies  = $151 billion (Roughly – you’ll need to go to the top 100 list on the link above!)

Profits of top ten companies change in 7 years –

  • 2005 – $151 billion
  • 2007 – $295 billion
  • Change = 95%

Revenue of top five global companies change in 7 years –

  • 2005 – $1.3 trillion
  • 2007 – $2.4 trillion
  • Growth = 85%
  1. USA – 12 – 15 trillion
  2. China 2.24 trillion – 7.30 trillion
  3. Japan 4.6 -6.0 trillion
  4. Germany 2.79 – 3.63 trillion
  5. France 2.17 – 2.82 trillion
  6. Brazil 856 bn  – 2.42 trillion
  7. UK 2.38 – 2.4 trillion (Thanks George, you f******* twatt)
  8. Italy 1.78  -2.18 trillion
  9. India 828bn  -1.83 trillion
  10. Canada -1.11 -1.70 trillion
Total increase GNI – Top five economies 2005 compared to 2011 –
  • 2005 – 23.8 Trillion
  • 2007 – 34.7 Trillion
  • Growth – 45%
  • (Growth top ten = 62%)