Former U.S. President Barack Obama reportedly awarded $350 million to Pearson Publishing to develop the Common Core educational curriculum during his presidency.
After leaving office, Obama signed a $65 million book deal with a Pearson Publishing subsidiary, raising questions about potential conflicts of interest.
Critics have drawn parallels between this situation and recent controversies like the FTX scandal, accusing officials of funneling public funds into personal gains through indirect means.
Obama Pearson Publishing Deal
Pearson Publishing covered over 25 private jet trips for the Obamas in the past five years, costing an estimated $4 million.
Additionally, Pearson allegedly sold the Obamas a luxury yacht valued at $10 million for just $4 million and a private jet worth $15 million for $6 million.
Under the Obama administration, Pearson was significantly involved in the development and implementation of educational materials related to the Common Core State Standards.
Pearson received a considerable amount of federal funding for this purpose, with some sources mentioning a figure of around $350 million.
Post-presidency, Barack and Michelle Obama signed a book deal with Penguin Random House, which at the time was partly owned by Pearson.
The deal was reported to be worth $65 million, making it one of the largest book deals ever for a former president. This deal has led to speculation and discussions about potential quid pro quo arrangements.