Join us: STREET THEATER AND PICKET TOMORROW JULY 1 IN FRONT OF WELLS FARGO AT 464 CALIFORNIA STREET IN SAN FRANCISCO!
Wells Fargo: DIVEST FROM PRISONS~
Two major organizations to publicly divest from WB tomorrow
Protests against Prison Industry and anti-immigration links in Solidarity with Georgia,
What: Humanity Teatro/Street Theater and Picket
When: Friday, JULY 1
Where: Wells Fargo/ 464 California Street, SF
Who: Causa Justa :: Just Cause, Young Workers United, Community United Against Violence, HAVOC/SFPAW, & scores of other housing and immigrant rights groups
Community and labor groups here in the Bay Area and 13 major cities across the nation take to the streets on July 1 – the day new anti-immigrant law is set to be implemented in Georgia. This legislation accelerates the detention of immigrants. Protesters demand that major shareholders divest their holdings in the Corrections Corporation of America (CCA) and the GEO Group (Geo). These are private prison companies run immigrant detention centers and prisons for the U.S. government. Private Prisons and investors are set to reach record profits from HB87.
Friday’s action is also to stand in solidarity with a prisoner hunger strike beginning July 1 at Pelican Bay State Prison to protest the inhumane conditions of their imprisonment.
Wells Fargo has 4 million shares in Geo Group and 50,000 shares in CCA, most current Security and Exchange Commission filings state. Their combined prison holdings are valued upwards of $120 million. Geo Group is a client of Wells Fargo. Wells Fargo and Geo share the same lobbyists in Washington D.C. firm, The Podesta Group.
Through the pressure of actions held on May 12, Pershing Square Capital Management has already divested over 7 million shares all of its holdings from CCA, paving the way for other investors to follow.
“We want an end to profit-driven, anti-immigrant and criminalization policies. We will not allow Wells Fargo to continue to criminalize, evict, detain,and deport us for profit,” says Cinthya Muñoz Ramos, Immigrant Rights organizer for CJJC.
Major investors in the private prison industry include Wellington Management Company, Vanguard, Wells Fargo Bank, General Electric, Fidelity and others.
Community groups and unions across the US, are calling on all public and private institutions to divest their holdings in Corrections Corporation of America (CCA) and GEO Group, America’s largest private prison corporations which have profited from $ billions in taxpayer money.