Three Companies Just Promised to Stop Investing in Private Prisons

April 25, 2014

In a victory in the ongoing fight against prison privatization and the big business behind mass incarceration, three companies have agreed to pull $60 million in investments out of the GEO Group Inc. and Corrections Corporation of America (CCA), the two largest private prison corporations in the United States. The three companies are investment groups Scopia Capital Management LLC, DSM and Amica Mutual Insurance Co. GEO Group and CCA currently own 75% of the private prison industry in America, and the investments were withdrawn after a campaign by ColorofChange.org put pressure on them and 147 other companies, Think Progress reports.

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