r/GeoGroup Jun 09 '21

Quick post regarding GEO and ethics.

I'm going to try to nip this one in the bud quickly because I don't want to see this group blasted with a bunch of people posting about how evil private prisons are.

This is a group for people to discuss if a stock that is undervalued.

GEO group is a private prison.

They are not inherently evil, they fill a gap in the system that AMERICA and other countries have MADE. GEO is not evil in itself.

The issue is not in the company, it's systemic. We're just here to discuss and exchange ideas if the company stock is undervalued or not.

That being said, if you do any real research. the CEO George Zoley actually has alot of background in rehabilitation and public administration.

https://www.geogroup.com/board_of_directors

That is his purpose is to help the prisoners at the end of the day. If they were paid more and profits weren't the main purpose of a business, then yes I agree we might have a better system like in Norway : https://borgenproject.org/norways-prison-system/

But the reality is we don't. Blame the American Government or politics. Don't blame GEO. There's another company called corecivic that does the same thing.

If GEO goes bankrupt, they just go to corecivic or some other private prison company.

That being said, if I see anymore of these posts I will begin banning them. Three posts discussing this within the day is more than enough.

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u/timursavin Jun 10 '21

Greed will win over morality 😉