Dimon Says He'll Look Into Concerns About Private Prison Financing
- JPMorgan CEO says he might not agree with companies’ critics
- Prison firms have gained on optimism Trump would support them
Jamie Dimon
Photographer: Jason Alden/BloombergThis article is for subscribers only.
Jamie Dimon said JPMorgan Chase & Co. will look into investors’ concerns about whether the bank should continue to help finance private prisons.
The chief executive officer came under fire Tuesday at the company’s annual meeting for the bank’s role in financing debt for companies including the Geo Group Inc. and CoreCivic Inc., which operate privately-owned prisons and immigrant detention centers. Some investors and protesters urged JPMorgan to end its relationship with such firms, arguing that they make money off human suffering and violate immigrants’ rights.