Three investment groups announced this week that they will divest from the two major private prison corporations that constitute a massive share of America’s prison-industrial complex.
Scopia Capital, DSM, and Amica Mutual Insurance have all pledged to
remove their collective investments of about $60,000,000 from the
Corrections Corporation of America and the GEO Group — the two prison
companies that own 75 percent of the nation’s private prisons. The decision to divest comes on the heels of pressure from
Color Of Change, a racial and economic justice advocacy group that ran a
campaign asking a total 150 companies to stop investing in the private