#zoley — Public Fediverse posts

#Brian #Evans and #George #Zoley, the two top executives at Geo Group, the
💥private prison company💥,
made contributions directly to Trump’s campaign,
to his super PAC and to other political groups that support him,
and have said they ⚠️ expect Mr. Trump’s re-election to drive up demand for empty beds
at detention centers the company runs for Immigration and Customs Enforcement.

Mr. Zoley has already profited handsomely from Mr. Trump’s re-election.

This summer, as the election was approaching, he spent over $3 million to buy up large chunks of the company’s own stock,
or a total of 250,000 shares, federal filings show.
The average price he paid for that stock:
$12.28.
As of Friday, that stock was trading at $26.60,
as Geo Group saw the largest surge in its stock price since 2016,
after Mr. Trump was elected to his first term.
The bounce this month alone would generate a $3.6 million profit for Mr. Zoley, if sold at the new price.

The executives told Wall Street analysts during a recent earnings call that 🆘Trump’s election could help Geo Group fill as many as 18,000 empty beds at its facilities,
which would generate as much as $400 million in annual business.

“This is to us an unprecedented opportunity to assist the federal government and the incoming Trump administration toward achieving a much more aggressive immigration policy,” Mr. Evans told the Wall Street analysts.
#immigrant #detention #deportation #privateprisons
https://www.nytimes.com/2024/11/17/us/politics/trump-presidency-billionaires.html?smid=nytcore-ios-share&referringSource=articleShare