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Locking away profits: capitalizing on immigrant detentions has turned into a booming business for Lehman Brothers. (Action).(Lehman Brothers Holdings Inc.'s financing of prison management companies)

Colorlines Magazine

| September 22, 2002 | Carrillo, Karen Juanita | COPYRIGHT 2002 Color Lines Magazine. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

"It's clear that since September 11, there's a heightened focus on detention, both on the borders and in the U.S.," Steven Logan, CEO of Cornell Companies, Inc., boasted to his investment analysts this past October.

"What we are seeing is an increased scrutiny, a tightening up of the borders," Logan said during a conference call recorded in the company's audio archives. "Some of that means that people don't get through. But the other side of that is more people are gonna get caught. So I would say that's positive. And if anything, the federal system--that is already overburdened-is indicating to us that they need even more help as a result of 9/11.

"So ...

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Source: HighBeam Research, Locking away profits: capitalizing on immigrant detentions has turned...

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