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The GEO Group, Inc. Message Board

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  • dougmcmain dougmcmain Dec 10, 1997 6:27 AM Flag

    With a name like Wackenhut....

    Wackenhut is a leading company in the incarceration outsourcing business. They build and run prisons and provide related services (like prisoner transport, etc) for government agencies at various levels throughout the world. They are not the leader in the market (see CXC), but are definitely a player.
    I think the business has a future, not only because of high crime rates, but because of the cost-cutting pressures on govt agencies . By outsourcing these services, these agencies save money and have more to spend on other (probably wasteful) programs.

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