Since the divestment campaign began on May 12, 2011. CCA’s stock value dropped from $26.02 to $20.67, a 21% drop at year’s end. Geo Group stock has taken a similar plunge, from a high of $26.12 on May 12 to $16.75 on December 31, 2011, a drop of over 34%.
The campaign has been exposing CCA and Geo as the major financers of Arizona Copycat laws, which has led to more immigrants and people of color being wrongfully imprisoned. These for-profit prisons have a long history of lobbying for laws that increase penalties and incarcerations for immigrants and people of color, supporting controversial bills like the 3 strikes laws and minimum mandatory sentencing that has created massive profits for these corporations and their investors. Continue reading