Posts tagged "profit"

At the People's Shareholder Meeting, we all are CME shareholders

According to the collection of non-profits that came out in force to protest the annual shareholder meeting of CME Group Inc. Wednesday, I’m a CME shareholder, you’re a CME shareholder and all of their members are CME shareholders. The company, the parent of futures exchanges Chicago Mercantile Exchange and Chicago Board of Trade, was a... Read more »

Happy birthday, Wells Fargo: older but wiser?

Happy birthday, Wells Fargo: older but wiser?
Protesters around the country came out Monday to wish Wells Fargo a happy 160th birthday, and to remind the San Francisco bank that getting older doesn’t mean they’re getting any wiser. “We went out there to let them know that we are going to bring attention to the fact that Wells Fargo still does not... Read more »

Crete: Will a promised economic windfall go to the prison company or to residents?

Crete: Will a promised economic windfall go to the prison company or to residents?
The Village of Crete, Ill., is surprisingly small for a community that sits just 30 minutes south of Chicago’s bustling Loop. The Will County village has fewer than 9,000 residents and a small, but solid, middle-class majority–the median household income is $70,074, according to the 2010 Census. For those residents, a prison that brings an... Read more »
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Crete: Lax oversight and a history of abuse lead to doubts about the Corrections Corporations of America

This article is the second in a three-part series looking at some of the different elements of the proposed Crete detention center. The Corrections Corporation of America has earned some infamy. The private prison company operates 65 facilities in 19 states, had about 570 lawsuits filed against it between 1998 and 2008, and earns $109.1... Read more »