”Just google the word academies to find plenty of stories about CEOs subcontracting services to companies that they own or part-own... there's no regulation and it's rife. You must know that.”
Doing that is completely against the Academies Financial Handbook and in breach of the funding agreement too. There is plenty of regulation and restrictions, the issue is probably one of enforcement. I’ve no idea how “rife” it is, or how you would know either. Ofsted will start inspecting MATs which may help, I don’t know. Hopefully.
”Do you know or get the impression that teachers at your MAT are happy?”
Yes, by and large. We did a staff survey last term. Few niggles as with any employer but I was pretty happy with the results.
”I left a school which is part of a huge MAT last summer. The CEO earns an obscene amount of money, so my suggestion is that the "profit" is going there. And he's not the only one. Don't be naive.”
I’m perfectly well aware what a “profit” is, owning two businesses as I do. I’m not naive for knowing academies don’t make a profit or have shareholders. Or for knowing that budgets are incredibly tight everywhere in education and to therefore be intrigued by the ability to find any extra.
Whether CEOs are paid too much is a different question. I have no idea why the volunteer board of directors at your MAT felt it was necessary to pay your CEO whatever it is he is paid. I know how much ours gets paid and it’s certainly not in the slightest bit obscene for what he does.
There are thousands of academies. Some will be run well and some will be run badly. I just resent the “academies are all awful and corrupt” theme. It’s lazy. Google to find horror stories about any industry or public sector service, there will be plenty.