Friday, May 14, 2010

What Our Tax Dollars are Funding

CCA spent a quarter of a million dollars lobbying just the federal government over the past 3 months (the same as they spent in the first quarter of last year), on issues involving immigration detention, cell phones, and FOIA requirements. It should come as no surprise that this company lobbies to protect their interests; my problems with this are A) prisons shouldn't be a for-profit venture, and B) most of their interests run counter to the best interests of society (like when they lobby against legislation that would force them to comply with public records laws).

Also, John Ferguson, CCA's CEO, just sold $6 million worth of stock:
http://www.gurufocus.com/news.php?id=94005

I'm sorry, but I just can't possibly fathom why someone who incarcerates other human beings for a living should be earning so many millions of dollars to do so. He has liquidated millions upon millions of dollars in stock in recent months, as has the director of the GEO Group. It's just not right.

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