Real Estate Investment Trusts (REITs)
Company Overview of Corrections Corporation of America
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
Founded in 1983
Key Executives for Corrections Corporation of America
Chief Executive Officer, President, Director and Member of Executive Committee
Total Annual Compensation: $811.2K
Chief Financial Officer and Executive Vice President
Total Annual Compensation: $323.0K
Chief Development Officer and Executive Vice President
Total Annual Compensation: $377.4K
Chief Corrections Officer and Executive Vice President
Total Annual Compensation: $377.4K
Executive Vice President, General Counsel and Secretary
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
Feb 25 15
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
Feb 24 15
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
Feb 20 15
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.
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