Could a billionaire lose his LACMA board seat over his prison-phone investment?

  • 📰 latimes
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 82%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Activists are demanding that billionaire Tom Gores lose his seat on LACMA's board. ldarmiento reports:

of BlackRock Chief Executive Larry Fink from that city’s Museum of Modern Art board over the investment firm’s reported stakes in private prison operators GEO Group and CoreCivic.

Platinum specializes in turning around troubled companies, and earlier this year it announced that it had brought in new management and. They included a bigger commitment to providing education and reentry opportunities to inmates while working with corrections agencies to bring down fees and rates, including elimination of the highest “legacy outlier rates.”

“There’s a lot that we’ve done, and I’m incredibly humbled by the amount that remains to be done,” said Abel, who said the company’s for-profit business model is what provides the capital for additional services such as educational opportunities, secure computer tablets and licensed entertainment.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

ldarmiento Tom Gores brother Samir Gores is just as bad. Profit before principle.

ldarmiento Good. Prison is no place for profits

ldarmiento This photo, are they worshipping him?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

A billionaire could lose LACMA board seat over his prison phone investmentL.A. private equity titan Tom Gores is facing an ouster campaign for his LACMA board seat over his firm's investment in a prison telephone service. Good. Billionaire problems
Source: latimes - 🏆 11. / 82 Read more »

A billionaire could lose LACMA board seat over his prison phone investmentL.A. private equity titan Tom Gores is facing an ouster campaign for his LACMA board seat over his firm's investment in a prison telephone service. Good. Billionaire problems
Source: latimes - 🏆 11. / 82 Read more »