Let’s Send Prison Stocks Into a Downward Spiral
Last night, we held an important conversation with Worth Rises Executive Director Bianca Tylek. Here’s what we learned:
Two companies dominate the industry. GEO Group and CoreCivic operate 90% of the immigration detention system.
You may own them without knowing it. If you have a Vanguard retirement fund, you could be invested in both. Vanguard owns over 10% of each company.
You can push for a switch. Ask your employer to move to a different retirement fund provider. No other provider holds anywhere near what Vanguard does, so switching to almost any alternative is a meaningful act of divestment.
Enough departures force a decision. If Vanguard loses enough clients, it has reason to drop GEO Group and CoreCivic from its funds.
One exit can trigger a cascade. If Vanguard sells, the falling share price could prompt other funds to dump the stocks too—purely for performance reasons—setting off a mass sell-off.
This is a way to stop prison camp expansion. A lower stock price and higher cost of borrowing would cripple these companies’ ability to expand their operations.
Your Mission - If You Choose to Accept It
Go to GTFOICE.org/divest and follow the two actions steps
Make this a movement!
Share this campaign with three friends
BONUS - if your employer is using Vanguard, recruit a couple co-workers to reach out to your employer with you!
If You Missed It…
You can rewatch the livestream at the top of this post! In the first half of the video you’ll also hear from Project Salt Box leader Michael Wriston as he breaks down the latest (mostly good) news regarding Trump’s Prison Camps.
Thank you for being a part of this important effort!
The GTFO ICE Coalition
