Following Donald Trump’s 2024 election victory, private prison stocks experience their second massive surge after a Trump win. CoreCivic stock jumps 29% and GEO Group vaults 42% in a single trading session as investors bet on profits from Trump’s pledge to carry out “the largest …
Donald TrumpCoreCivicGEO GroupTom HomanWall Street investors+1 moreprivate-prisontrump-administrationimmigration-detentionmass-deportationwall-street+4 more
President Joe Biden signs Executive Order 14006, titled “Reforming Our Incarceration System to Eliminate the Use of Privately Operated Criminal Detention Facilities,” directing the Attorney General to not renew Department of Justice contracts with privately operated prisons. The order …
Joe BidenDepartment of JusticeBureau of PrisonsU.S. Marshals ServiceCoreCivic+2 moreprivate-prisonbiden-administrationexecutive-orderprison-reformimmigration-detention+1 more
Private prison companies CoreCivic and GEO Group saw their stock prices surge 100% and 98% respectively after donating nearly $2.8 million to Trump’s campaign and inauguration. Attorney General Jeff Sessions immediately reversed Obama’s order to phase out private prisons, declaring …
CoreCivicGEO GroupJeff SessionsDonald TrumpImmigration and Customs Enforcement (ICE)+1 moreprivate-prisonspay-to-playimmigration-detentioncampaign-financecorruption
Just days after President Trump takes office in January 2017 and issues executive orders to shift ‘all legally available resources’ to border detention facilities and hire 10,000 new immigration officers, ICE quickly redirects McKinsey & Company - originally brought on under the …
McKinsey & CompanyImmigration and Customs Enforcement (ICE)Donald TrumpDepartment of Homeland Securitymckinseyiceimmigration-detentiontrump-administrationcost-cutting+2 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