Post Profile






CCA Plans Layoffs and CEO Pay Cuts As Its Stock Keeps Dropping

The Corrections Corporation of America, the nation's second largest private prison company, announced today that it will eliminate 50 to 55 full-time positions—approximately 12 percent of the corporate workforce—at its headquarters in Nashville, Tennessee. As part of a new effort to restructure the company and reduce costs, CEO Damon Hininger will also forfeit stock options and compensation worth $3.
read more

share
See more about: Corrections Corporation

Related Posts


Private Prison Charges Inmates $5 A Minute For Phone Calls While They Work For $1 A Day

US Politics / Liberal : ThinkProgress: Election

Last year the Corrections Corporation of America (CCA), the nation’s largest private prison company, received $74 million of taxpayers’ money to run immigration detention centers. Their largest facility in Lumpkin, Georgia, receives...

This quote from America's largest private prison company shows how much the industry fears criminal justice reform

Politics : Business Insider: Politix

Corrections Corporation of America (CCA), the country's largest owner of private prisons, has faced renewed backlash against its business practices after the Department of Justice last week announced it would phase out use of for-pr...

Corporations Divest Nearly $60 Million From Private Prison Industry

US Politics / Liberal : Political Mojo

Three corporations announced their divestment from Corrections Corporation of America (CCA) and GEO Group, the two largest private prison companies in the United States, late last week. Scopia Capital Management, DSM North America, ...

CCA, Major For-Profit Prison Corporation, Picketed By Occupy Nashville’s ‘Human Auction’ Protest

US Politics / Liberal : ThinkProgress: Election

On Monday afternoon, Occupy Nashville, one of the most vibrant Occupy movements in the South, staged an action outside of Corrections Corporation of America (CCA), one of the largest private prison companies in the nation. A ThinkPr...

This Is How Private Prison Companies Make Millions Even When Crime Rates Fall

US Politics / Liberal : Political Mojo

We are living in boom times for the private prison industry. The Corrections Corporation of America (CCA), the nation's largest owner of private prisons, has seen its revenue climb by more than 500 percent in the last two decades. A...

Comments


Copyright © 2016 Regator, LLC