The Financial Payoff of Prison Privatization

Trump deported less people last year than the Obama administration did in 2016, but he arrested 30 percent more suspected undocumented immigrants.

Diane Ravitch's blog

Donald Cohen of “In the Public Interest” reports that operators of private detention facilities are delighted with the Trump crackdown on immigrants . It is generating huge revenues and profits!

Last fall, Chief Executive Officer George Zoley of the publicly traded private prison corporation GEO Group told shareholders he was “very pleased” with recent financial results after the company “experienced improved occupancy rates across a number of our ICE [immigration detention] facilities” — and now we know why.

In an early March filing to those shareholders, GEO Group divulged that total compensation last year for its top corporate executives nearly doubled, jumping from $10.9 million to $20.3 million. Zoley really made out. Stock awards, which the corporation gives out when it profits more than it expected, boosted his compensation from $5.1 million to $9.6 million.

The GEO Group CEO better have thanked President Donald Trump for the big payday.

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4 thoughts on “The Financial Payoff of Prison Privatization

  1. Totally unconscionable, is what it is! This is why there are so many Black and Brown bodies incarcerated. They are to feed the ‘For Profit Prisons’ so that they enrich the coffers of shareholders and top executives. And who is even appalled, on the national level about any of this? No one! That is quite obvious! This is beyond the end of enough! For the love of !!!!!!!!

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    • I think unconsionable might be an understatement, Shelby. The parallels with chattel slavery, which also profited off of Black and Brown bodies are inescapable. I can’t believe that shareholders and top executives can’t see this!

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  2. I’ve been listening to it, Lara. Sex trafficking in prison, eh? Doesn’t surprise me. I’m glad to hear them talk about restorative justice, Lara. We have a restorative justice system here in NZ for youth offenders. I’m working with some Maori elders trying to extend it to our adult population.

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