Divestment simply refers to the sale of assets in a company. CalPERS made the decision to sell its holdings in CoreCivic and GEO Group. Ergo, CalPERS divested.
I'll go ahead and @CalPERS and their chief of public affairs, @WayneBDavis, on this one.
On Friday, CalPERS told one union they decided to cut their investments in CoreCivic and GEO Group based on a 30 day portfolio review.

Now they're saying they made the decision after their new CIO initiated a comprehensive review of their investments back in January.🤔
H’oooboy, looks like we might need to take out the crayons and break this one down, folks.
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