CCA to cut costs amid criticisms

On Tuesday, CCA announced a plan to cut costs at their headquarters, while Chief Executive Damon Hininger said he would forfeit $2 million worth of restricted stock that he received in February. He then went on to request the company not reward him any equity-based compensation in 2017. 

CCA shares were falling steadily in after-hours trading and shares have fallen more than 45% since the Dept. of Justice announced they would no longer be using private prisons.