No, he knows that the stock is going down more. Maybe when he starts paying for the new corp jet.
Or maybe he needs some new ass ugly rims for his car. Man, those things are hideous on that Merc.
c'mon, we all know that he was best friends with George Zoley and his son worked for GEO on the merger. Does not take a rocket scientist to figure out what happened. And the fact that he was paid as a consultant for GEO and they leased his jet. How much more money was George going to throw his way? But I bet nothing will happen to him, he is rich and politically well connected.
Not to defend the company, but did you read anything abt them?
Cash is shrinking and debt going up - yes, they just acquired another company! They are also activley looking at acquiring another!
Big loss in Q - did you see the one time charges?
GEO raised their outlook for this year already and a little bird tells me they will even better their own prediction.
Yes, it is absolutely obscene what these guys are paid. The board is clearly not looking out for the shareholder. Zoley gets the board to change his package every year so he gets more and more despite how the company is doing. I would love to see his bonus this year, he now has that expensive house to pay for. Shows you his business sense to buy a house at the top of the housing bubble.
This company has been doing well over the last few years but now they are going into a difficult phase. The company is not going to grow much by bidding on contracts, they are doing enough of that. Zoley wants to grow this company at all costs, therefor the purchase of CSC. This was a desperate step and resulted in the purchase of a really bad company. CSC is full of potential pitfalls and this is going to cost GEO dearly. The problem with Zoley is that he will do anything to increase his compensation package and the board is too willing to help him. That is why he is getting a larger package than other CEO's in this industry, not because he deserves it. His salary/bonus and his retirement deal is going to be very expensive for GEO. The executives in GEO does not respect Zoley at all, they are all too scared of him and that they will follow the path of Carol Brown (former SVP of Health). O sorry, she is still on the payroll, but has not been in the office since last year.
Not a bad company to work for if you keep on Zoley's good side.
GEO is going to give the juvie portion to Slattery (CEO) of CSC for a bargain of $4m.
The problem with this buy is that Zoley wants to make an aquisition at all costs. He promised his company a few years ago that they will be a billion dollar company and he will make it so, even if it kills GEO.
Remember, Zoley's only concern is his pocket. Look at the massive bonus he gets for not growing the company. I am sure the board will reward him for this purchase.
GEO has been looking at buying all kinds of companies in the last two years and got nowhere. CSC was a last resort, desperate buy.
Wow, 2002 information!! You do know that he sold all interest in WCC (now GEO) and TWC in 2002 to Group4? So please tell us what is his involvement now in these companies?
What the hell are you talking about? Did you forget to take your medication? You are rambling like a complete idiot. Firstly, what does a prison company have to do with gasses or Saddam? Secondly, what does "georgi wako"(????) have to do with GGI?
Lets correct at least one mistake in the article. GEO does not own te prison in TX, they only manage it. The County still provides the workforce.
Boca Raton, Fla. � March 10, 2004 -- The GEO Group, Inc. (NYSE: GGI) (�GEO�) announced today that Reeves County, Texas has entered into an agreement with a second governmental agency to house up to 864 inmates in Phase III of the Reeves County Detention Complex (RCDC). This second agreement follows an earlier agreement entered into between Reeves County and another governmental agency for the housing of between 2,025 and 2,200 inmates in Phases I and II of the RCDC. The second agreement for the housing of out-of-state inmates in RCDC Phase III guarantees a minimum average daily population of 778 inmates following a population phase-in period of approximately 10 weeks.
GEO currently manages the entire 3,064-bed RCDC under an agreement with Reeves County while the employees remain on the County payroll. The RCDC is the largest privately-managed detention/correctional complex in the world.