Make money doing the work you believe in

đź’ŞTake action

🔄 Share this widely

The TL;DR

  • Two companies dominate the industry. GEO Group and CoreCivic operate 90% of the immigration detention system.

  • You may own them without knowing it. If you have a Vanguard retirement fund, you could be invested in both. Vanguard owns over 10% of each company.

  • You can push for a switch. Ask your employer to move to a different retirement fund provider. No other provider holds anywhere near what Vanguard does, so switching to almost any alternative is a meaningful act of divestment.

  • Enough departures force a decision. If Vanguard loses enough clients, it has reason to drop GEO Group and CoreCivic from its funds.

  • One exit can trigger a cascade. If Vanguard sells, the falling share price could prompt other funds to dump the stocks too—purely for performance reasons—setting off a mass sell-off.

  • This is a way to stop prison camp expansion. A lower stock price and higher cost of borrowing would cripple these companies’ ability to expand their operations.

Jun 30
at
8:40 PM
Relevant people

Log in or sign up

Join the most interesting and insightful discussions.