The rise of the CEO as social justice warrior | Jill Priluck

Corporations are stepping into the moral vacuum left by Republican officials. But their motives arent exactly altruistic On the heels of JP Morgan and Wells Fargo, which both no longer finance the operations of prisons and detention centers. While the bank has cited political disagreement as the reason for the divestment, its decision to sever ties comes after a Miami Herald article revealed that Bank of America had provided a $380m loan and a $75m credit line to Caliburn, operator of a facility that houses separated migrant children. Bank of America claimed the decision was down to the prison industrys lack of needed criminal justice and immigration reforms, though it didnt elaborate. But its obvious bad PR was a factor. …