Industry & Services >> CEO Interviews >> June 3, 1999
DAVID M. CORNELL, Chairman and Chief Executive Officer, is a leading
developer of correctional facilities. He has 40 years of executive
experience in finance and construction development, culminating in the
founding of Cornell Corrections, Inc., one of the largest private
corrections companies in the world. His early development activity
included construction operations management of four, 500-male pre-
release facilities for the Texas Department of Corrections which were
the first privately-operated correctional facilities in the state of
Texas; a 300-bed male pre-trial detention facility for the United States
Marshals Service in Central Falls, Rhode Island; a 1140-bed multi-user
corrections facility in Plymouth, Massachusetts; and a 16-bed juvenile
detention facility in Salt Lake City, Utah. Each project included site
selection, design, construction, community relations and financing.
Since this beginning, his development teams have generated successful
correctional projects resulting in more than $500 million in
construction and $200 million in annual operating revenues. Mr. Cornell
has also directed the acquisitions of the Allvest, Inc.; Abraxas Group;
Interventions, Inc.; Midtex Detentions, Inc.; The Reid Center, Inc.; and
Eclectic Communications, Inc. Profile
of its history just to set the stage for the readers?
Mr. Cornell: This Company's concept began December 7, 1990. It was
