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Not American, and I have no factual answer but I assume it's because the people at the top just take all the money and leave the schools to fend for themselves. Typical corporate nonsense.
You'd think so, and while you're right that the people at the top make way too much money, docking their entire salary at a large district like mine would only be enough to fund maaaaaaaaaaaaybe just under 5% of the schools in our district. And then you'd be left without leadership. If you cut everyone in my pay scale, you'd have enough to fund all the schools and then some, but you wouldn't have teachers, custodians, tech workers, etc.
But here's something interesting: during the pandemic, since athletics funds were already allocated and athletic events were cancelled, we were allowed to use those funds as we saw fit within the district. Suddenly, we were able to feed every student and staff member for free. Yee haw, welcome to Texan education...
Public schools are run by the local government, so "corporate nonsense" doesn't really make sense. They aren't corporations.
School board officials are frequently bribed to hire expensive contractors.
I'm sure that's true. It's also not at all related to my point that "schools are run by local governments and so are by definition not corporations".
No my point is they offload too much to corporations and thus are beholden to the same concerns of those corporations by proxy.