Private Prison CEOs ‘Pleased’ Their Earnings Soared From Keeping Immigrant Kids In Detention

May 10, 2016
ThinkProgress

During separate conference calls to talk about earnings reports, two of the country’s largest for-profit private prisons indicated that they saw their profits soar from holding immigrant mothers and children in detention centers across the country.

Revenues increased during the first quarter of 2016 for both the Corrections Corp. of America and GEO Group, executives told shareholders on conference calls.

CCA saw a revenue of $447.4 million, a 5 percent increase from last year’s first quarter. The company’s press release attributed much of that increase to a federal contract with the Immigration and Customs Enforcement (ICE) agency.

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“It’s sickening to hear CCA and GEO brag about their profitable quarter to shareholders,” Cristina Parker, immigration programs director at Grassroots Leadership, said in a press release. “That money is made off the suffering of mothers and children who came to the U.S. for refuge.”