Nepotism and Cronyism Behind The Veil Of Publicly Traded Company - Senior Applications Developer Scholastic Employee Review

1.0
Mar 19, 2014
Recommend
CEO approval
Business Outlook

Pros

The only pro of working here is that you are help to sell products that help children learn to read. The price points of the products sold via Book Clubs are affordable to families. Teachers receive "bonus points" which they can redeem for being sales agents of the company.

Cons

The business model, as is the leadership, old and broken. Although Scholastic gives the appearance of a publicly traded Company it is not governed as such. The publicly traded Class B shares hold no voting power. Thus the "public" shareholders have no voice in governance. The privately held Class A shareholder has all the power. As a result, management is inbred, stagnate, and focused on internal politics rather than doing the right thing to continue to grow revenue. Sales have been falling for some time. Only the "one hit wonders" help the sales on occasion. Seek other places of employment if you want to see your skills valued and nurtured.

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5.0
Jun 26, 2026
Recommend
CEO approval
Business Outlook

Pros

positive working environment, good people

Cons

great company to work for; no complaints

2.0
Jun 11, 2026
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Remote work and the clients are very nice to work with.

Cons

In my experience, the company's compensation practices lacked transparency and accountability. When employees asked questions about how their earnings, bonuses, or compensation were calculated, clear answers were often difficult to obtain. Decisions affecting employee pay were made without adequate explanation, and requests for clarification frequently went unresolved. What I found particularly concerning was the apparent disconnect between employee compensation outcomes and management compensation. Employees regularly experienced reduced bonuses or earnings, while management and executive leadership appeared largely unaffected by the same business decisions. This created the perception that the financial impact of those decisions was being borne primarily by employees rather than those making them. After repeatedly seeking explanations and receiving few meaningful answers, I lost confidence in the fairness and transparency of the compensation process.

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