The management of school systems by for-profit private contractors is one alternative method of school reform. This document describes some private-management plans and examines some of the central issues. The arrangements between public school systems and three private contractors of education are described--Education Alternatives, Inc. (EAI), The Edison Project, and Public Strategies Group (PSG). Issues to be considered before implementing a privatization plan include cost, control, and accountability. Critical questions involve the effects on student achievement, issues of cost versus student needs, and consequences for schools if the companies fail. Businesses have begun to view education as a new growth industry, which presents options for the school board to consider. (LMI)