University of Texas alumni staged a sit-in at the office of the dean at the McCombs school of business.
Columbia University this month became the first college in the U.S. to divest from private prisons, as the result of the student organizing campaign, Columbia Prison Divest.
Could the University of Texas be next for a divestment campaign? It's possible.
According to their publicly available filings, the UT Investment Management Corporation indirectly invests in the two largest private prison companies through its more than 18,000 shares in the Vanguard REIT Exchange Traded Fund. (REIT stands for Real Estate Investment Trust.) In turn, this fund in has nearly $300 million invested in the Corrections Corporation of America and more than $200 million invested in the GEO Group.
Cochran said it has been a rough year for the facility, with three correctional officers being lost for various reasons. Correctional officers are needed at the facility right now, which Cochran said would be a perfect job for those teenagers needing a job. The facility is also in need of a horticulture instructor and substitute teachers.
“Most teenagers won’t be making $10 an hour and that’s what we start at,” Cochran said. “We also offer health benefits for under $100 a month to our employees, which are pretty good.”
The Lindsey State Jail is run by the for-profit, private prison company Corrections Corporation of America. Anyone looking to work for CCA would do well to read up on the company's history. A report released by Grassroots Leadership in 2013 details CCA's track record of "Keeping Costs Low and Profits High Through Employee Mistreatment."