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Beyond The Border, Fewer Immigrants Being Locked Up But ICE Still Pays For Empty Beds
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Beyond The Border, Fewer Immigrants Being Locked Up But ICE Still Pays For Empty Beds
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GEO Group Facing Revenue Hit from Loss of Federal Contracts
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Take on the Punishment Profiteers
Biden’s order rolling back for-profit prisons is a good first step. Next we need to end for-profit immigration detention.
The stock of private prison giants like GEO Group and CoreCivic plummeted recently after President Joe Biden signed an executive order phasing out the use of federal private prisons.
The move was celebrated by criminal justice advocates as a small but necessary step towards reining in corporations profiteering from incarceration. To fully address these punishment profiteers, however, the Biden administration will need to take aim at every tendril of the private prison industry.
The Geo Group (GEO) Q4 2020 Earnings Call Transcript Motley Fool Transcribing © The Motley Fool Logo of jester cap with thought bubble.
The Geo Group (NYSE: GEO)
Q4 2020 Earnings Call
Good day, and welcome to The GEO Group s fourth-quarter 2020 earnings conference call. All participants will be in a listen-only mode. [Operator instructions] Please note this event is being recorded. I would now like to turn the conference over to Pablo Paez, executive vice president of corporate relations.
Please go ahead, sir.
Executive Vice President of Corporate Relations
Thank you, operator. Good morning, everyone, and thank you for joining us for today s discussion of The GEO Group s fourth-quarter and full-year 2020 earnings results. With us today are George Zoley, chairman, chief executive officer, and founder; Brian Evans, chief financial officer; Ann Schlarb, president of GEO care; and Blake Davis, president of GEO secure services. This morning we will discuss