Yes...but, in the bigger picture: For self-absorbed, A-list young billionaires, the educational outcomes for the little kids were never all that important. Their never-miss-it-anyway $1e8 bought boatloads of arbitrary power over little people, ~8 years of favorable PR, cool talking points when hanging out with their uber-rich social set, and other things that were valuable to them.

I'll admit that there's a flip-side viewpoint here: If you're a billionaire, in a society that very obviously has a lot of problems, and all you've got for tools and skills is a billion-dollar hammer that you're real handy with...well, okay - try hitting some things with your hammer. When the world is screwed up badly enough, even kinda-clueless change has a decent chance of improving something...right?