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Corrections Corporation of America Message Board

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  • newMK newMK Aug 4, 1999 7:30 AM Flag

    d%&$** unions

    I understood that last year Doc told the wardens
    that their OPCO stock would make them millionaires, so
    your point is accurate.

    But one could say so
    what? They might have become millionaires through stock
    options if CCA had remained a single company,
    too.

    Sure, OPCO will have value in the future. The 1% net
    escalators won't add as much as new management only
    contracts.

    But an OPCO increasing in value isn't
    necessarily sinister or dishonest as cleo and PW and others
    have suggested. It's a necessary carve-out of value
    for the people who make it all work, and ultimately
    would have been insignificant relative to PZN's value.
    Nonetheless, it's just too complicated.

 
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