Corporations Divest Nearly $60 Million From Private Prison Complex

Candice Bernd @ Truthout - In what could be the first time a series of large corporations have publicly denounced investment in the private prison industry, three major corporations have announced they will be divesting a combined total of nearly $60 million of their shares from Corrections Corporation of America (CCA) and GEO Group, two of the largest private prison companies in the nation.

The announcement comes after civil rights activists, led by the group ColorOfChange, pressured more than 150 companies, including dozens of corporate executives, for months, pushing a moral imperative for divestment.  Read more.