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. BeasleyNASDAQVanderbilt University Law SchoolJack C. Masseyprivate-prisonprison-industrial-complexwall-streetmass-incarcerationinstitutional-investment+1 more
Corrections Corporation of America (CCA) opens the first adult detention facility to be fully managed and run by a private corporation in the United States in over a century. After winning “the first contract ever to design, build, finance and operate a secure correctional facility” from …
Corrections Corporation of America (CCA)Immigration and Naturalization Service (INS)T. Don HuttoThomas W. Beasleyprivate-prisonimmigration-detentionprison-industrial-complexinstitutional-capturereagan-era
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. BeasleyRobert CrantsT. Don HuttoCorrections Corporation of America (CCA)Massey Burch Investment Group+1 moreprivate-prisonprison-industrial-complexmass-incarcerationcorporate-lobbyinginstitutional-capture+1 more