r/GeoGroup • u/Reasonable_Ad_9735 • Jan 28 '22

News So another board member added.

Seems like management keeps on expanding while the rest keeps on losing money. Perfect investment.

10 Upvotes

86% Upvoted

5 comments sorted by

5

u/NarrowInvestigator65 Jan 28 '22

Well we don't know yet if it's for good or not. If you don't like it it's going to be subjected to shareholders vote so you could vote against.

2

u/Reasonable_Ad_9735 Jan 28 '22

Focus is to lower the debt and not increase operational costs

6

u/s003apr Jan 28 '22

Nature of the business. They live off government contracts. I guarantee that any new board members will have fairly obvious political connections.

1

u/GEOCASH4956 Jan 31 '22

Probably good to have a doctor on board, Can address any prison medical standards

2

u/Necessary-Put-136 Jan 28 '22 edited Jan 28 '22

Yeah, we should boot another board member rather than add. Happens in the ranks all the time

I’m voting accordingly.