I Got A Perfect 4800 on my SATs

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The Princeton Review in $60 million richer, thanks to a capital infusion from Bain Capital and Prides Capital. The two firms will get accruing preferred stock convertible into common at $6 a share.
The deal also brings a management shuffling. Princeton Review founder John Katzman will step down as CEO but remain executive chairman, making way for former Learning Company CEO Michael Perik.
With $60 million, Princeton Review is free to keep pressuring ETS to add sections to the already bloated 'out of 2400' SAT, making the test even more dependent on prep courses. Everybody (i.e. - rich white people, a few Asians) wins.
Princeton Review Reaps $60 Million, New C.E.O. [DealBook]

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