Wednesday, May 12, 2010

Making Out Like a Bandit

George Zoley, chairman and CEO of the GEO group, recently sold more than 230,000 shares of company stock at an average price of over $20/share, which comes out to $4,600,000.  I can't be the only one who thinks it's wrong for him or anyone to profit so much from incarcerating people.  What's worse is that he still owns huge amounts of company stock, so there's plenty more where this came from.  He recently unloaded more than 100,000 shares, and i'm pretty sure another few hundred thousand will follow in about 3 months.

And if that wasn't bad enough, he's not even the only executive from this amoral company pulling in loads of cash.  3 executives earned more than $200,000 each, and the COO liquidated more than $3 million worth of stock:

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