Correctional Services Corporation

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Correctional Services Corporation (CSC), originally Esmor Correctional Corporation, was a correctional firm founded by James F. Slattery in 1987. It was located in Sarasota, Florida, USA, and traded on the NASDAQ (NASDAQ NMS:CSCQ). It had been a corporation specializing in the privatization of correctional facilities for federal, state, and local agencies housing adults, juvenile, and Department Of Homeland Security prisoners.

Much of CSC's profits were allegedly based on high crime-rates, as hinted in a 2002 statement by James F. Slattery: "Increases in parole rates combined with economic slowdowns traditionally lead to increased need for correctional services," he said. "We believe this historical pattern will be repeated and its effect felt in 2002 and beyond."[1]

Correctional Services Corp. received a $300,000 fine for buying votes in the state legislature, issued by the New York State Lobbying Commission.[2]

In 2005, CSC was sold to GEO Group for $62.1 million.[3] GEO then divested the youth portion of the enterprise, Youth Services International, back to its principals. Inmates held in facilities run by Youth Services International, according to a 2013 HuffPost investigation, "have frequently faced beatings, neglect, sexual abuse and unsanitary food over the past two decades."[4]

Principals[edit]

  • Chairman: Stuart M. Gerson
  • President & Chief Executive: James F. Slattery

See also[edit]

References[edit]

  1. ^ Jenson, Mark (February 15, 2004). "BACKGROUND: On the new Homeland Security prison on the Tacoma Tideflats". United for Peace of Piece County. Retrieved October 29, 2013. 
  2. ^ McKinley Jr., James C. (February 27, 2003). "Company Gets Record Fine For Its Giving To Lawmakers". The New York Times (New York City: The New York Times Company). Retrieved October 29, 2013. 
  3. ^ Staff writer (November 7, 2005). "Juvenile correctional services business acquired". Tampa Bay Business Journal (Tampa Bay, Florida: American City Business Journals). Retrieved October 29, 2013. 
  4. ^ Kirkham, Chris (October 22, 2013). "Prisoners of Profit: Private Prison Empire Rises Despite Startling Record Of Juvenile Abuse". The Huffington Post (New York City). Retrieved October 29, 2013.