Nation’s Largest Private Prison Firm Objects to Resolution to Fund Rehabilitative, Reentry Programs
Prison Legal News, Jan. 12, 2015.
Human Rights Defense Center
For Immediate Release
January 12, 2015
“Nashville, TN – Last Friday, Corrections Corporation of America (NYSE: CXW), the nation’s largest for-profit prison firm, formally objected to a shareholder resolution that would require the company to spend just 5% of its net income ‘on programs and services designed to reduce recidivism rates for offenders.’
“The resolution was submitted by Alex Friedmann, associate director of the Human Rights Defense Center and managing editor of HRDC’s monthly publication, Prison Legal News. An activist shareholder, Friedmann owns a small amount of CCA stock; in the 1990s he served six years at a CCA-operated prison in Clifton, Tennessee prior to his release in 1999.”