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VOL. 128 | NO. 176 | Tuesday, September 10, 2013

Filing Shows Haslam Investment in Education Company

AP

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NASHVILLE (AP) – A filing with the Tennessee Ethics Commission shows Gov. Bill Haslam at one time owned a block of shares in an education company behind a troubled online school in the state.

The Tennessean reports Haslam invested at least $10,000 in K12 Inc. in July 2008 when he was mayor of Knoxville. He sold off all of his shares by July 2009 when he was running for governor.

Haslam said he did not know about the investment before the newspaper inquired about it last week. He said the investment, one of about 350 listed in a disclosure that he signed in January 2009, had been made by an investment manager.

"The honest answer is I wasn't aware that I ever did," he said at a meeting with The Tennessean's editorial board. "I, a long time ago, found that there were people who know how to manage my investments a lot better than I do, so I haven't made investment decisions in a long time."

Virginia-based K12 Inc. operates the Tennessee Virtual Academy on behalf of Union County Public Schools.

The Academy's student test results have ranked among the worst in the state in each of its two years of existence.

Information from: The Tennessean, www.tennessean.com

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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