Billionaire businessman Eli Broad, one of the country's most active philanthropists, founded the "Broad Superintendents Academy" in 2002 with an extraordinarily optimistic goal: Find leaders from both inside and outside education, train them, and have them occupying the superintendencies in a third of the 75 largest school districts--all in just…

A far-reaching study offers a damning assessment of the programs that prepare most of the nation's principals and superintendents. Led by Arthur E. Levine, the president of Teachers College, Columbia University, the report says most university-based preparation programs for administrators range in quality from "inadequate to appalling." The…