Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


May 03, 2015 4:33 PM ET

Real Estate Investment Trusts (REITs)

Company Overview of Corrections Corporation of America

Company Overview

Corrections Corporation of America, together with its subsidiaries, owns and operates privatized correctional and detention facilities in the United States. It owns, operates, and manages prisons and other correctional facilities; and provides inmate residential and prisoner transportation services for governmental agencies. The company also offers various rehabilitation and educational programs, including basic education, religious services, life skills and employment training, and substance abuse treatment, as well as food services, work and recreational programs, and healthcare services, such as medical, dental, and mental health services. In addition, it leases its facilities to third-pa...

10 Burton Hills Boulevard

Nashville, TN 37215

United States

Founded in 1983

14,040 Employees

Phone:

615-263-3000

Fax:

615-263-3140

Key Executives for Corrections Corporation of America

Chief Executive Officer, President, Director and Member of Executive Committee
Age: 44
Total Annual Compensation: $811.2K
Chief Financial Officer and Executive Vice President
Age: 46
Total Annual Compensation: $323.0K
Chief Development Officer and Executive Vice President
Age: 44
Total Annual Compensation: $377.4K
Chief Corrections Officer and Executive Vice President
Age: 58
Total Annual Compensation: $377.4K
Executive Vice President, General Counsel and Secretary
Age: 62
Total Annual Compensation: $308.2K
Compensation as of Fiscal Year 2014.

Corrections Corporation of America Key Developments

John D. Ferguson Retires as Chairman of Board of Directors of Corrections Corporation of America in 2016

Corrections Corporation of America (CCA) announced that chairman, John D. Ferguson, has informed the company of his decision to retire from the Board of Directors and not stand for re-election at the annual meeting of the company's stockholders in 2016. Mr. Ferguson, who will stand for re-election at the company's May 14, 2015 annual meeting of stockholders, plans to continue to serve as chairman to allow an orderly transition and provide the necessary time to consider a successor. Mr. Ferguson has served as a director since he joined CCA in August 2000 as president and chief executive officer. In July 2008, he was appointed chairman of the company's Board of Directors and continued as chief executive officer until October 2009.

Corrections Corporation of America Settles Another Idaho Wrongful Termination Case

Corrections Corporation of America settled a lawsuit with a former nurse who alleges she was fired in retaliation for filing a sexual harassment complaint. Michelle Pierce began working at the CCA-run Idaho Correctional Center south of Boise in July 2012. As part of her job responsibilities, she was required to pass out medications to the inmates. As a safety measure, officers must accompany nurses when passing out medications to inmates. Pierce said she told her female supervisor she was having difficulty getting officers to accompany her. The supervisor recommended Pierce be more flirtatious with the officers and then they would do whatever she wanted, according to the complaint filed in federal court in February 2014. Pierce also claims she was subjected to numerous inappropriate sexual comments and advances.

CCA Declares Quarterly Cash Dividend, Payable on April 15, 2015

CCA announced that its board of directors declared a quarterly dividend of $0.54 per share to be paid on April 15, 2015 to shareholders of record as of the close of business on April 2, 2015.

Similar Private Companies By Industry

Company Name Region
Lanier Capital REIT, Inc. United States
Falcon Financial Investment Trust United States
Signature Preferred Capital, Inc. United States
Marathon Real Estate Mortgage Trust United States
Oritani Asset Corporation United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 5, 2014
Corrections Corporation of America, Houston Educational Facility
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Corrections Corporation of America, please visit www.cca.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.