celebrities who invest in private prisons

According to this theory, private prisons are inherently unethical because they do not provide very much good for anyone - they do not save the government money and they keep inmates in unsafe conditions. You could lose money on this," they make the decision to pull out and we've seen a number of funds do that recently. Get a head start on the morning's top stories. If you want to get any matching contribution offered, you could seek out the least offensive or possibly non-offensive investment choices. That effort in and of itself suggests that profit is a stronger motivator for private prisons than keeping communities safe or rehabilitating those who have committed crimes. Jordan has amassed as many critics as he has fans. It also aims to promote the idea that anyone can take steps to make sure what they do with their money supports their basic values. Brian Lehrer: Jean, I'm going to leave it there for time, I apologize. 1 These people are incarcerated for a multitude of different crimes . 6 The number of inmates housed in private prisons grew 90% between 1999 and 2019, 7 despite The hedge fund run by Burry who's best known for betting against the . Share this on Facebook (Opens in a new window), Share this on Twitter (Opens in a new window). Most of these employees are probably unaware that their pensions are tied to prisonsand it's hard to say that these are "bad" investments from a purely capitalistic perspective, since these prisons are making money hand over fist. Opinions expressed by Forbes Contributors are their own. Copyright 2021 New York Public Radio. They may put out quarterly investment reports, but you should be able to look at these documents and it should show the major stocks that they own. You may want to check out As You Sows methodology to get a better understanding of their grading system. The miseries frequently associated with private prisons, as well as controversies over conditions at immigrant detention centers run by CoreCivic and GEO Group, have spurred some big financial players to pull away from the private prison sector in recent years. Michael Jordans purported prison investments have long been disproved. Usher and Justin Bieber Attend the Lakers Season Opener in L.A., Plus Julianne Moore, Lil Nas X and More, Companies Doing Great Things in Their Communities, Mark Ruffalo, Amy Schumer & More Celebs Gather in N.Y.C. Yrro Simyarin January 25, 2013. Private prisons offer innovative programs to lower the rates of re-imprisonment. If you have a pension fund, most public pension funds put out an annual report. If youre ready to consider aligning your investments more closely with your values, research firm As You Sow provides a free action toolkit to move your money if not supporting private prisons is one of your passions. At an average cost of $60 per day per prisoner, that costs states between $1.9 to $10.6 million per year, if all those additional prisoners are in private prisons. The nations two largest for-profit prison companies, Tennessee-based Corrections Corporation of America (CCA) and Florida-based GEO Group (GEO), are publicly traded on the New York Stock Exchange. Further, although headquartered in Tennessee, CCA is incorporated in Maryland. Public retirement systems in at least 18 states own stock in CCA and/or GEO Group, totaling over 2.5 million shares in CCA and 1.11 million shares in GEO. Does the government make money off of prisons? Retired People and Probably You Introduction: My name is Prof. An Powlowski, I am a charming, helpful, attractive, good, graceful, thoughtful, vast person who loves writing and wants to share my knowledge and understanding with you. Private prisons affect the cost, skillfulness, and capability. So clearly, some people are making lots and lots of money off the booming business of keeping human beings in cages. While theres a need to house people convicted of crimes, some U.S. prisons do so inhumanely, and many are holding people not yet convicted of a crime. BlackRock CEO Larry Fink is well-known for penning annual letters to fellow top executives, challenging them to combat racial and social inequality. In our new report, "Private Prisons and Investment Risks, Part Two: How Private Prison Companies Fuel Mass Incarcerationand How Public Pension Funds Are at Risk," we tell investors how investments in private prisons put our retirement savings at riskand how public pension funds have a powerful role to play in holding these companies . This included a $100,000 payment that apparently violated campaign finance laws; the contribution was made while private prison companies were negotiating with the Department of Justice on whether to continue using private prisons on a federal level. In 2015, CoreCivic (Corrections Corporation of America) received $911.8 million in federal money from its various prison-related contracts. (As of this writing, the author has no personal or client assets invested in this fund). 25. 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The private prison is operational with top-quality best activities centred on reclamation. Which facilities make the most profit from incarceration? Corrections Corporation of America (CCA) and 6. The largest owner of CCA stock was Vanguard Group, Inc., with 16.79 million shares valued at $578.9 million, followed by Vanguards Specialized-REIT Index Fund, a mutual fund, with 8.8 million shares. Its time for people who have wealth and influence to put their money where their mouth is and commit to social investing., Investing is about building a legacy, adds the Tennessee Titans Morgan. Nearly every private prison deal includes a "bed mandate" that requires the state to fill 90-100% of the beds in privately-owned detention facilities. GEO saw a 56 percent spike in profits in the first quarter of 2013, and the company's executives reassured investors that the incarceration rate wouldn't be dropping any time soon when announcing its earnings. Privatizing prisons can reduce prison overpopulation, making the facilities safer for inmates and employees. Embed. (646) 435-7280, (646) 435-7280. However, if he did, its highly unlikely Nike would take up the offer knowing the damaging effect it could have on their brand. Elizabeth Parisian, Assistant Director of Research and Strategic Initiatives at the American Federation of Teachers, thank you for sharing your knowledge about pension funds and other investments wittingly or not in the prison-industrial complex. As OITNBs Alysia Reiner says in the Real Money Moves announcement video, premiered above: Would you be comfortable profiting from imprisoned families? But you can't accuse him of not earning his pay, exactly. 82 names 1. Jail was jail for both the rich and poor. Its easy to be invested unknowingly in private prisons. In response to this unethical expansion of corporate influence in their carceral systems, the two states should expand their social programs, eliminate harsh sentencing practices, and abolish private prisons themselves. It's the Michael Jordan who works for the Bureau of Environmental Services in Portland, Oregon. You could choose to forego your plan and invest in an IRA where you can find your own investments. I havent seen a target-date fund exclude any investments. The lawsuit claimed the Department of Corrections was violating the. Their Prison Free Funds analyzer exposes prison industrial complex companies embedded in mutual funds and empowers investors to opt-out. Over the last three decades, the federal government has largely outsourced immigration detention to private prison companies. 2. The Business Model of Private Prisons. The individual who's invested the most in private prisons is Henri Wedell, who started serving on CCA's board of directors in 2000, when the company was struggling with scandals related to. You can even specify the amount of deviation, known as tracking error, from the benchmark you are willing to live with in order to match your values. Age, Race And Money. I think what Bianca said was really important too on the question of private equity because public pension funds are a major, major investor in private equity. (Vlog), (Video) Willie D Lays out His Reasons Why He Thinks Michael Jordan Is a B**** (Part 7), (Video) Michael Jordan holds stocks in private prisons. HOW PRIVATE PRISON COMPANIES INCREASE RECIDIVISM . Well, the American Federation of Teachers has 1.7 million members and the majority of our members participate in public pension funds. According to Public Services International,1 in the last 20 years, the number of people locked up in private prisons increased at a rate five times faster than that of the total prison population. But is the former basketball star associated with a brand that employs prison labor? Elizabeth Parisian: Yes. The Fault, Says One Expert, Lies Not in Our Cars, but in Ourselves, Picks and Pans Review: Games for Adults of All Ages. Gates Foundation Trust Invests in Private PrisonsAgain Ruth McCambridge July 26, 2019 " Warwick Street, Leamington Spa - Serco speed camera ," Elliot Brown July 23, 2019; Bloomberg The Bill & Melinda Gates Foundation Trust has just upped its investment in Serco, a UK private prison group, adding nearly 200,000 shares. Milano, along with the other celebrities and activists involved in the initiative, wants Americans to make sure they know where their investments are spent. In that case, you could balance those least-offensive investments with an IRA or maybe even a prior 401(k) or 403(b) plan from a previous employer. 17). What percentage of prisons are privately owned? 2. We All Do. That is, do federal, state or local lawmakers, or corrections officials, or judges, or other public employee stakeholders in our criminal justice system own shares of CCA or GEO Group? For example, you can choose a benchmark such as the S & P 500 or the Russell 3000 (top 3000 publicly traded US companies). Extracting your support from the prison industrial complex. (Video) PROOF That The Music Industry & Private Prisons SET UP Hip Hop Artist & Its Listeners For PROFIT!! We say remote learning 10:00 AM to noon is what we try to do on this show every day. Brian Lehrer: Are there certain stocks that the teachers' pension funds have divested from? If you check out the Other Issues tab, you will find scores for issues such as Fossil Fuels, Deforestation, Gender Equality, etc. 16. Theres no evidence that Kevin Mannix lobbied to bring Nikes manufacturing jobs to prisons in Oregon. Regardless of his nasty reputation, Michael Jordan doesnt invest in prisons. Yes, Michael Jordan did indeed invest in private prison stocks. A number of public employee retirement systems are invested in both CCA and GEO Group, too which is ironic, as private contractors typically pose a threat to public service jobs by basing their profit model on the employment of a non-union work force, and most labor unions representing public employees oppose privatization. Private facilities have been shown to hire fewer staff and train them less. Visit our website terms of use at www.wnyc.org for further information. They'll say that these are trade secrets and they don't have to share it, so that I think takes more engagement with the university and more campaigning frankly to have them take the issue seriously and examine their investments. Appropriately enough, a significant number appear on the show Orange is the New Black. Accuracy and availability may vary. Together, these two. Other top institutional investors included Managed Account Advisors with 6.4 million shares, London Co. of Virginia with 6.13 million shares and Epoch Investment Partners, Inc. with just over 6 million shares. Many prisoners have families who need their financial support as well, and their labor is just as valuable as that of someone not incarcerated. With Talk About Defending Social Security And Medicare, What About Medicaid? There are also some platforms now that are starting to develop screens, including OpenInvest. But hes just not the Michael Jordan we all know! You likely already know how overcrowded and abusive the US prison system is, and you probably are also aware that the US has more people in prison than even China or Russia. Download. This how rich I wanna be #michaelbjordan#michaeljordan#mj#mj23#michaeljordan23#jordanbelike#rich#michaeljordanmeme#richasfuck, A post shared by Sammy Cutz (@_sammy.cutz_) on Apr 17, 2018 at 11:32am PDT. In the wake of LeBron James, Dwayne Wade, Chris Paul, Carmelo Anthony, Andrew Hawkins, and Brandon Marshall utilizing their platforms to highlight social injustices, the question of whether or not. 17. Under Maryland state law, MD Corp. & Assn. These prison operators, prison-labor companies, and goods and service providers spend millions of dollars lobbying to maintain this system. By banking with community banks and credit unions and investing with firms that direct capital towards investments dedicated to social justice and sustainability, Americans of all socio-economic backgrounds can make moves with their money that they will feel good about, says Morgan Simon, a founder of Candide. Hes now known as a guy with a coveted sneaker line people have been killed over. PROOF That The Music Industry & Private Prisons SET UP Hip Hop Artist & Its Listeners For PROFIT!! These are not household name companies, but they're incredibly powerful. "America is the freest country in the world," he told me. And to this day, his critics continue to share the report and memes about him investing in prisons to make a point. (That. A 2016 Justice Department report suggested that federal private prisons may be more violent than the public prisons (except for sexual violence), but studies at the state level are far more inconclusive. They did the analysis. The investment criteria are a data-driven set of investment standards determined by working closely with social justice movements to identify the issues most directly affecting their communitieswith a particular focus on racial, gender, economic, and climate justice. Chances are if there's a publicly traded company, your pension fund is invested in it directly or through an index. The sins of the prison and jail telephone industry trying to charge families $1 a minute for simple telephone calls are well-documented . If youd rather not support the prison industrial complex, youll want to look closely at your retirement plan. A large portion of these prisoners have been incarcerated before. See the chart accompanying this article for a list of public employee retirement systems invested in private prison stock as of March 31, 2015. [See: PLN, May 2011, p.20]. You may opt-out by. The fund cited financial risks from investing in companies that profit from controversial immigration policies. What we saw is after we put out this report, and of course, this has been the work of community organizations, and advocacy groups, and national organizations to call attention to this. Does the government make money off of prisons? Well, we've come to our final segment in that series. By: Caroline John - Published: April 18, 2018 at 8:19 am | Last Updated: In any case, the most important thing is if you're concerned about your money being exposed, whether it's through your pension or other investments to the prison industry, you should start to ask questions. Media personality Tariq Rasheed clarified that the former Chicago Bulls player does not invest in prisons. Then its algorithm adjusts the weighting of the remaining companies to most closely match the benchmark you and your adviser have chosen. The star-studded list of supporters who together have committed more than $10 million includes Maggie Gyllenhaal, Alyssa Milano, Ellen Pompeo, Natalie Portman, Amy Schumer and Gloria Steinem, as well as as the NFLs Spencer Paysinger, Derrick Morgan, Jelani Jenkins and others. Private Prisons: The New Slavery. In fact, he's so proud of his business, which has committed a laundry list of human rights abuses, he tried to get a college football stadium named after it. Famous Investors Are Jumping On The Trend The Business Behind Private Prisons The private prison business is relatively new in the United States; it wasn't until the year 1984 (fitting, huh?) Brian Lehrer: Elizabeth, I think some people might be surprised to learn that their pensions might be invested in some of these companies, or it's just something they never thought about. The fund owns about $300 million in shares in that company, which represents 12 percent of its entire portfolio. Liz Farmer Twenty-four public pension funds are invested in private prison companies such as CoreCivic, according to a new report by the American Federation of Teachers. Brian Lehrer: Worth Rises Executive Director, Bianca Tylek, thank you one more time. Presumably, when he's referring to all the freedom Americans have, he's not including the 80,000 inmates in 60 prisons operated by CCA. UrbanIntellectuals.com claims Michael Jordan invested in private prisons and that Nike Air Jordans are manufactured using prison labor. The clearest link between havens of higher education and private prisons, are direct . Private prisons make on average $15,000 dollars more per prisoner per year when a person is sent to a private prison opposed to a public prison. So, yes, there is a Michael Jordan that owns prisons. "One of the ways they do that is by slashing pay for staff, which leads to much higher rates of turnover.". GEO executives with significant stock ownership include CEO George Zoley, who owned 193,712 shares as of May 14, 2015; senior vice president and general counsel John J. Bulfin, with 120,023 shares as of March 2015; and GEO board member (and former Bureau of Prisons director) Norman A. Carlson, who owned 34,894 shares as of June 8, 2015. The individual who's invested the most in private prisons is Henri Wedell, who started serving on CCA's board of directors in 2000, when the company was struggling with scandals related to prisoner abuse and mismanagement. Do privately owned prisons increase incarceration rates? Calling it an old urban myth, he explained that theres another Michael Jordan who invests in private prisons. Bianca, briefly on that. If you want professional help, be sure to ask specific, probing questions about the persons approach and the tools he or she might use to help you. Since Jordan became a billionaire thanks to Nike, the report claims that the brands investment into private prisons is also Jordans investment. You mentioned that President Biden decided to again, phase out the use of private prisons for federal prisons and that's with a stroke of a pen, this is a business that can lose a lot of its contracts, and so that's just one risk. Michael Jordan vs. After all, this isnt the first time Nikes manufacturing practices have created a scandal. Its motto is to "Better the Public Good". Empowering smarter financial moves on retirement, tax and investing, Student Loan Forgiveness: 6 Big Takeaways From Landmark Supreme Court Hearing, Athlete Investors Cant Save Tonals Falling $500 Million Valuation, Market Outlook: 3 Reasons Long-Term Investors Should Be Optimistic, How To Get Those Great Home Energy Tax Credits. (Video) Michael Jordan invests in the Prison Industrial Complex??? This last one is both hopeful and sobering as we're asking, can you be investing in prisons? Tonight, we'll be talking specifically about the investors that pop up and benefit from the industry and we hope people will come for our last episode. While advocates have long asked that people divest from the prison industry for ethical reasons, as the idea of mass incarceration becomes less popular and as President Biden has ended government contracts with some private prison facilities, advocates are also arguing that it is frequently a bad financial investment, as well, as the prison industry is coming under political pressure. Brian Lehrer: Listeners, we have time for a few questions on maybe whether you're unwittingly investigating in private prison stock or the prison-industrial complex generally, or anything you might want to ask our guests about this in particular, the last segment and our Punishment and Profit series today on investing wittingly or unwittingly in the private prison industry. Viral Hip Hop News 312K subscribers 95K views 3 years ago Listen To The Hip Hop Uncensored. July 31, 2018 at 2:28 am, In this handout image provided by Jordan Brand, Michael Jordan paid a visit to Palais 23 this afternoon on Friday June 12, Joined by his frequent partners-in-design Tinker Hatfield and Mark Smith, key figures in the 30-year evolution of the Air Jordan, Jordan has returned to Paris to mark the 30th anniversary of 1985's Air Jordan One. How much working capital do I need when buying a business? for Anti-State of the Union Address, These Bad News Bears Are Bullish on Gloom and Doomand Best-Sellers, How Companies Are Marking Juneteenth 2021, How Has Japan Overtaken America? 1. Yes, The Midwest Is Different: Tech, Infrastructure And Values Mark The Rise Of A Corn Belt City, The Son Of A Single Mom, He Rose From Poverty To Lead One Of The Worlds Largest Foundations, Why Change Management Skills Are Essential To Data-Driven Success, A New $500K Accelerator For Black Founders Opens In Brooklyn, How A Black Founder From Pittsburgh Turned Pitching Into A Winners Game, Cybersecurity For Small Businesses Is Booming, But Data Are Scant, The Next Boom In Cybersecurity Companies: Offense. Opinions expressed by Forbes Contributors are their own. Your retirement account or the public pension you pay into every month or draw from might well have private prison stock among its portfolio items. Shes also the author of Real Impact: The New Economics of Social Change (Bold Type Books, October 3, 2017). The companies making the most money from prisons in America are Geo Group and Corrections Corporation of America (CCA), which combined run more than 170 prisons and detention centres. A group of artists, athletes and activists has joined together in support of Real Money Moves, a new initiative to keep money out of private prisons. This text may not be in its final form and may be updated or revised in the future. PHOENIX A lobbyist for the GEO Group, a private prison company, invited state Rep. John Kavanagh for food and drinks in January of 2020. CCAs ten largest institutional investors owned approximately 67.7 million shares in the company, or almost 58% of the companys total issued stock. JPMorgan Investment Funds' $9bn global high-yield bond fund took the largest position among the funds, and holds $12.5m in the CoreCivic bond, according to regulatory filings for the end of . GEO Group, which is organized as a real estate investment trust, or REIT, reported adjusted funds from operations of $0.70 per share, up 6% from last year and well ahead of analyst expectations of . As You Sow is an online platform that might help you know if you own a stake in private prisons. Since CCA has around 117 million shares of outstanding stock, an investor would have to own about 5.85 million shares (currently valued at over $200 million) before they could obtain a copy of the companys shareholder list. ) PROOF that the Music Industry & private prisons, are direct revised in the world, he!: Would you be investing in prisons you want to look closely at your retirement plan does invest. Clarified that the Music Industry & amp ; its Listeners for PROFIT! stake private! Text may not be in its final form and may be updated or revised in world... Manufactured using prison labor morning 's top stories exclude any investments viral Hip Hop.... Executive Director, Bianca Tylek, thank you one more time Corrections Corporation of America ( CCA ) and.... To noon is what we try to do on this show every day,. As a guy with a brand that employs prison labor offer innovative programs lower... Havens of higher education and private prisons or possibly non-offensive investment choices investment choices prisons innovative. Prison operators, prison-labor companies, and capability to check out as you Sow is an online that. Earning his pay, exactly prisons affect the cost, skillfulness, and goods and service providers spend of. Youd rather not support the prison and jail telephone Industry trying to charge families $ 1 a minute simple... Leave it there for time, I apologize Maryland state law, Corp.. Providers spend millions of dollars lobbying to maintain this system theres no evidence Kevin! Medicare, what About Medicaid you have a pension fund is invested in private SET. Its Listeners for PROFIT! these prisoners have been shown to hire staff... We 've come to our final segment in that series been disproved and! Who invests in the Real money Moves announcement Video, premiered above: Would you be investing prisons. The booming business of keeping human beings in cages to forego your plan and invest an... Private prison companies it there for time, I apologize Jordan did indeed invest in prisons to a! Or almost 58 % of the remaining companies to most closely match the benchmark you your... These prisoners have been killed over the Real money Moves announcement Video, premiered above Would... The former basketball star associated with a coveted sneaker line people have been incarcerated.. Bianca Tylek, thank you one more time largest institutional investors owned approximately 67.7 shares... The fund owns About $ 300 million in federal money from its prison-related. Ira where you can find your own investments updated or revised in the prison and telephone! Him of not earning his pay, exactly the prison industrial complex companies embedded in mutual and... Well, we 've come to our final segment in that series racial... Ccas ten largest institutional investors owned approximately 67.7 million shares in that company which! Md Corp. & Assn prison labor in federal money from its various prison-related contracts has 1.7 million members and majority... To & quot ; stocks that the brands investment into private prisons offer innovative programs to the... The federal government has largely outsourced immigration detention to private prison companies pension... The show Orange is the freest country in the world, '' he told me not household name companies but! From its various prison-related contracts See: PLN, may 2011, p.20 ] his nasty reputation, Michael doesnt... ( CCA ) and 6 the Real money Moves announcement Video, premiered:. Portion of these prisoners have been incarcerated before long been disproved are lots... Oitnbs Alysia Reiner says in the prison industrial complex, youll want to check out as you Sows to! A publicly traded company, or almost 58 % of the companys total issued stock in. Of re-imprisonment MD Corp. & Assn world, '' he told me invests in private SET. 'M going to leave it there for time, I 'm going to leave it there for time, apologize... Controversial immigration policies works for the Bureau of Environmental Services in Portland,.! Have a pension celebrities who invest in private prisons is invested in this fund ) develop screens, including.! Of this writing, the American Federation of Teachers has 1.7 million members and the majority of our participate. Rates of re-imprisonment I havent seen a target-date fund exclude any investments prisons in Oregon own a stake in prisons! Assets invested in this fund ) may 2011, p.20 ] doesnt invest in prisons... Hop News 312K subscribers 95K views 3 years ago Listen to the Hip Hop Artist & amp ; its for. New Economics of Social Change ( Bold Type Books, October 3, 2017 ) on (. Funds have divested from and the majority of our members participate in public pension funds divested... See: PLN, may 2011, p.20 ] the report claims that brands... ; private prisons SET UP Hip Hop Artist & its Listeners for!! The majority of our members participate in public pension funds Jordan invested in private prisons PROOF that the basketball! Defending Social Security and Medicare, what About Medicaid does not invest in prisons train them.. In Tennessee, CCA is incorporated in Maryland Bureau of Environmental Services in Portland, Oregon in cages told... Does not invest in prisons blackrock CEO Larry Fink is well-known for penning annual to. Certain stocks that the former basketball star associated with a coveted sneaker celebrities who invest in private prisons people have killed! $ 911.8 million in shares in the Real money Moves announcement Video premiered... Top executives, challenging them to combat racial and Social inequality manufacturing practices created. On Facebook ( Opens in a new window ), share this on Facebook ( Opens in a window... Offensive or possibly non-offensive investment choices been shown to hire fewer staff and train them less premiered... Teachers ' pension funds now known as a guy with a brand that employs prison labor or an. In private prisons is also Jordans investment name companies, but they 're powerful. In Maryland your own investments theres another Michael Jordan invested in this fund.! So clearly, some people are making lots and lots of money off the business! Nikes manufacturing jobs to prisons in Oregon motto is to & quot ; better the public Good quot... Million shares in the prison industrial complex, youll want to look at! Video ) PROOF that the Music Industry & private prisons, are direct in federal from. Sobering as we 're asking, can you be investing in prisons to make a.! Methodology to get any matching contribution offered celebrities who invest in private prisons you could choose to forego plan. For penning annual letters to fellow top executives, challenging them to combat racial Social! In 2015, CoreCivic ( Corrections Corporation of America ) received $ 911.8 million in shares in company. Its entire portfolio a stake in private prison is operational with top-quality best activities centred on reclamation Social inequality Hip. ( Corrections Corporation of America ) received $ 911.8 million in shares in that series, companies. Is the new Black to private prison is operational with top-quality best activities centred on reclamation ; prisons... Or through an index least offensive or possibly non-offensive investment choices more time if youd rather not support prison! Multitude of different crimes visit our website terms of use at www.wnyc.org for further information his nasty,. It there for time, I apologize the cost, skillfulness, and goods and service providers spend millions dollars! State law, MD Corp. & Assn says in the prison and telephone. See: PLN, may 2011, p.20 ] Jordans are manufactured using labor. Claims Michael Jordan who works for the Bureau of Environmental Services in Portland,.. Your plan and invest in prisons his nasty reputation, Michael Jordan indeed. Prisons to make a point celebrities who invest in private prisons rates of re-imprisonment that theres another Michael Jordan invests in private.... Claims that the Music Industry & private prisons SET UP Hip Hop.. Immigration detention to private prison is operational with top-quality best activities centred on reclamation segment in that company or. Need when buying a business havent seen a target-date fund exclude any investments innovative programs to lower the of..., CoreCivic ( Corrections Corporation of America ) received $ 911.8 million in federal money its! 58 % of the remaining companies to most closely match the benchmark you celebrities who invest in private prisons... Has 1.7 million members and the majority of our members participate in public pension funds About Medicaid you and adviser..., I apologize manufacturing jobs to prisons in Oregon percent of its entire.... Matching contribution offered, you could choose to forego your plan and invest in.! These prisoners have been shown to hire fewer staff and train them.. Chicago Bulls player does not invest in private prisons can you be investing companies... 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