[aisle] Scholastic Book Fair Fuel Surcharge Meeting

[Gargano-Price, Maria]

You only see it when you complete your financial page.

Maria

On Mon, Oct 17, 2022, 4:48 PM Kathryn Green via AISLE <
aisle at list.railslibraries.info> wrote:

> Would you please share when this was added to the page? I am looking for a
> date and a where. Is it at confirmation point or later?
> Thank you
> Kathryn Green
> District Librarian Oregon, Illinois
>
> On Oct 17, 2022, at 2:36 PM, Ranftl, Kelly via AISLE <
> aisle at list.railslibraries.info> wrote:
>
> 
> Hi Fellow Librarians,
> Scholastic Book Fairs lit an angry fire under me when they explained the
> fuel surcharge they are applying to book fairs. I did my research, replied
> (see below), and Scholastic Book Fairs Leadership is now asking me to have
> a phone meeting regarding my "strong feelings". If you also have "strong
> feelings" about the fuel surcharge or would like to share how it is
> impacting your school/students, please let me know. I would love to share
> your concerns with Scholastic leadership.
> ~Kelly Ranftl
>
> My email to Scholastic:
> Dear xxxxx,
> Our problem is with the unjust practice of a BILLION dollar company
> essentially charging schools to run your fairs. Scholastic is NOT a mom &
> pop shop struggling with inflation. The fuel charge is about company
> bigwigs making more cash. I find it greedy and immoral for business
> owners to nickel and dime schools and children, especially when the
> company has had record-breaking earnings the previous year.  Scholastic
> is not in financial trouble, as the quotes below prove.
>
> "Scholastic recorded significant revenue and operating income gains in
> both reporting periods, led by increased in-person book fairs and record
> revenue-per-fair levels in the U.S. book fairs channel, as well as strong
> demand for the Company's educational offerings."
>
> "...Board of Directors also approved a 33% increase in its regular
> quarterly cash dividend to $0.20 per share from $0.15 per share on the
> Company's Class A and Common Stock for the first quarter of fiscal 2023."
>
>
> Citation:
>
> Scholastic Corporation. “Scholastic Reports Fourth Quarter and Fiscal 2022
> Results Led by Record Revenue per Fair Levels and Strong Education
> Solutions Sales.” *SCHOLASTIC REPORTS FOURTH QUARTER AND FISCAL 2022
> RESULTS LED BY RECORD REVENUE PER FAIR LEVELS AND STRONG EDUCATION
> SOLUTIONS SALES*, 21 July 2022,
> https://www.prnewswire.com/news-releases/scholastic-reports-fourth-quarter-and-fiscal-2022-results-led-by-record-revenue-per-fair-levels-and-strong-education-solutions-sales-301591281.html
>
>
> Durkin Park has decided to go with a book fair company that has similar
> offerings, similar prices, better rewards structure, and most importantly,
> is not charging a fuel surcharge to ANY school as a cash grab. Feel free
> to forward my email to Sasha Quinton, President of Book Fairs, who made
> $1,697,980 in total compensation in 2022.
>
> Source:
> https://www.salary.com/tools/executive-compensation-calculator/sasha-quinton-salary-bonus-stock-options-for-scholastic-corp?year=2022
>
> I know I am not the only one canceling book fairs due to this cash grab.
> Librarians across multiple Facebook groups are livid, and many small-town
> and low-income school librarians are feeling this surcharge hit their book
> budgets. My hope is that if the people in charge realise what they are
> doing to schools is WRONG, a change will be made.
>
> --
> All the best,
> Kelly Ranftl
> Durkin Park Library Information Specialist
> Pronouns: She/Her/Hers
> klranftl at cps.edu
> Support my Classroom with Donors Choose: Early Childhood Storytellers
> <https://www.donorschoose.org/project/early-childhood-storytellers/6810970/?utm_source=dc&utm_medium=directlink&utm_campaign=project&utm_term=teacher_2587578&rf=directlink-dc-2022-09-project-teacher_2587578&challengeid=20495476>
> <klranftl at cps.edu>“Any book that helps a child to form a habit of
> reading, to make reading one of his needs, is good for him.”
>  – Maya Angelou
>
> MAILMAN_MIMEDEFANG
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