Jack C. Massey

Corrections Corporation of America Goes Public on NASDAQ at $9 Per Share, Wall Street Bets on Mass Incarceration

1986-10-01 00:00:00 +0000 UTC | Importance: 8/10

Corrections Corporation of America (CCA) launches its initial public offering on NASDAQ under the symbol CCAX, selling 2 million shares at $9 per share and raising $18 million to fund expansion. Despite struggling for profitability in its first three years, the company convinces Wall Street …

Corrections Corporation of America (CCA) Thomas W. Beasley NASDAQ Vanderbilt University Law School Jack C. Massey private-prison prison-industrial-complex wall-street mass-incarceration institutional-investment +1 more

Corrections Corporation of America Founded in Nashville, Launching Modern Private Prison Industry

1983-01-28 00:00:00 +0000 UTC | Importance: 9/10

Thomas W. Beasley (chairman of the Tennessee Republican Party), Robert Crants, and T. Don Hutto found Corrections Corporation of America (CCA) in Nashville, Tennessee, creating the first modern for-profit prison company. After a 15-minute presentation on Valentine’s Day 1983, Massey Burch …

Thomas W. Beasley Robert Crants T. Don Hutto Corrections Corporation of America (CCA) Massey Burch Investment Group +1 more private-prison prison-industrial-complex mass-incarceration corporate-lobbying institutional-capture +1 more