This isn't true at at all. I worked at the NYCDOE for 3 years planning, implementing, and executing NCLB. NCLB deals with passing tax dollars to private companies - plain and simple. Superintendents/Schools/Teachers no longer create their own curriculum - it's all purchased and has to be to meet the regulatory requirements of NCLB (amongst other regulations which benefit corporations).

To clarify - I think corporations should profit as much as possible. I do have an issue with companies profiting from making shit products that comply with regulations and acting like they are making a positive contribution to society.