The company's
outgoing CEO Michael Pearson will be testifying before the Senate Special Committee on Aging late Wednesday afternoon, along with activist investor William Ackman, a
majority shareholder and
board member, and Howard Schiller, a director and former chief financial officer.
Any doubt of a significant power shift on the Buffalo School
Board disappeared with Friday's appointment of the group's new leadership.Barbara Seals Nevergold will serve as president, a role she held before the
outgoing majority took control in 2014.