The issue of CalPERS divesting from private prison companies CoreCivic and The GEO Group isn’t dead after all.
That’s how lock-up companies, in poor odor lately, end up in top pension portfolios.
The pension plan’s stance also means it won’t likely voluntarily divest from GEO Group and CoreCivic.
The vote to divest from CoreCivic and GEO Group was 6-5 during an emotional meeting.
New York State Common Retirement Fund owns stakes in GEO Group, CoreCivic.