NLPC seeks to promote integrity in corporate governance, including honesty and fair play in relationships with shareholders, employees, business partners and customers. In doing so, NLPC places special emphasis on:
* Asserting that the social responsibility of the corporation is to defend and advance the interests of the people who own the company, the shareholders. True responsibility is fidelity to one’s own mission, not someone else’s, or someone else’s political agenda.
* Exposing the seeking of influence on public officials by corporations, which is the inevitable result of high levels of government spending and intervention in the marketplace.
* Combating practices that undermine the free enterprise system, including philanthropic giving to groups hostile to a free economy.
NLPC has filed a shareholder proposal asking Goldman Sachs to report on the science behind its embrace of global warming in the wake of the ‘Climategate’ scandal.
Goldman’s ‘climate policy’ is more than corporate public relations. In 2007, Goldman participated in the buyout of energy firm TXU. The transaction resulted in the cancelation of 8 of 11 planned coal-fired power plants after pressure from environmental activists.
It might make wealthy financiers in New York City feel good about themselves to scotch electric generation in the name of environmentalism, but it has negative consequences for ordinary people. Electricity is a basic need, like food and medical care. Cancelling plants while parts of the country face regular power shortages, and raising the cost of electricity for consumers, is positively immoral.
The supporting statement for the resolution reads:
In 2005, Goldman Sachs established its “Environmental Policy Framework,” which stated:
Ally had been offering some of the highest CD interest rates in the nation until federal bank regulators pressured Ally to reduce them. Lower rates are one thing but there is another compelling consideration when shopping CD rates. When you deposit your money with Ally, you abet the financial and auto bailouts.
Now this may not bother some people. Short-term Ally deposits are probably not at more risk than those at other FDIC-insured institutions. But if you believe that the Wall Street and automaker bailouts are an outrageous soaking of the taxpayer to … Read More ➡
Citigroup has advised NLPC that Senior Vice President Eric Eve has resigned for ACORN’s Advisory Committee. In a September 28 letter to Citigroup CEO Vikram Pandit, I asked that the bank sever its relationship with ACORN, including Eve’s membership on the Committee.
In an October 29 reply, Citigroup also stated that it has “suspended our charitable financial support and program relationship with ACORN, and we are awaiting the results of the independent audit of ACORN activities now underway.”
NLPC President Peter Flaherty debates Rep. Barney Frank’s legislation to address systemic risk of banks that are “too big to fail” with Christopher Hayes of The Nation; CNBC’s Steve Liesman; and CNBC hosts Larry Kudlow and Trish Regan. At about the 2:00 mark, Flaherty enters discussion.… Read More ➡
It is time for former House Speaker Newt Gingrich to end his association with Al Sharpton. The two have been appearing together around the country as part of something called the Education Equality Project.
As Dr. Carl Horowitz of our staff has documented in a Special Report released earlier this year, Sharpton has promoted fake hate crimes against blacks, and has inspired racial antagonism against whites and Jews. Indeed, this long-established pattern of behavior continues to the present.
Just last week, the purported victim of a 2007 racially-motivated attack in West Virginia recanted her story that she had been kidnapped and raped in a backwoods trailer by white men. Sharpton had championed her plight, descending on Charleston to lead an anti-hate rally, much as he rallied to the side of the accuser of the Duke lacrosse players in 2006.
Gingrich shares with Sharpton an affinity for the TV camera. Their … Read More ➡
Emailers protesting Wal-Mart support for Al Sharpton’s group, the National Action Network, are getting the following response:
Walmart supports the National Action Network (NAN) as part of an ongoing effort to partner with national organizations that support issues and initiatives of importance to our customers, and the communities we serve.
Our support for NAN is focused on addressing health and wellness issues and other issues important to our customers and associates. Our company will continue to support organizations that can further our mission to help people live better.
Emails to PepsiCo are getting this reply:
As a global consumer products company that serves all people, we support many not-for-profit organizations with a variety of missions. The leaders of these organizations may at times have points of view that do not necessarily represent those of PepsiCo. I want to assure you that this Company does not endorse those individual viewpoints, political
Al Sharpton’s platform for his assault on Rush Limbaugh’s NFL ownership bid was the National Action Network (NAN), which is bankrolled by corporate America.
The following companies were identified this year by NAN as “sponsors”: American Honda, Anheuser Busch, Colgate-Palmolive, Comcast, Entergy, Ford Motor Company, Home Depot, Johnson & Johnson, Macy’s, PepsiCo, Pfizer and Wal-Mart. Sponsorship reportedly cost $50,000.
NLPC is asking these companies to end their support for Sharpton and NAN. Here’s how to contact them:
I am not sure why Rush Limbaugh would want to own an NFL team. It is surely more fun to criticize the establishment on a daily basis than to become part of it. Leaving that aside, the last person in the world who should have a say in the matter is Al Sharpton. (The next to last is his mentor Jesse Jackson.)
Sharpton has written a letter to NFL Commissioner Roger Goodell saying the NFL should reject Limbaugh’s bid. Yesterday the New York Times actually referred to Sharpton’s group, the National Action Network, as “a civil rights organization,” demonstrating the legitimacy that Sharpton has somehow come to enjoy in recent years. Let’s see if Goodell will further elevate Sharpton’s stature by responding in a serious way.
As we documented in Special Report earlier this year, Sharpton is unapologetic about the Tawana Brawley hoax. He is a racial agitator and divider, … Read More ➡
October 9, 2009- CNBC hosts Larry Kudlow and Trish Reagan discuss whether a one time tax credit for business owners is a good idea with NLPC President Peter Flaherty and Michael Pento of Delta Global Advisors.… Read More ➡