The Securities & Exchange Commission this past July has proposed amending Item 407(c)(2)(v) of Regulation S-K to require disclosure of racial and ethnic diversity on corporate and related nonprofit fund boards. We have submitted a comment of opposition because we believe this rule change to be a highly misguided intrusion into corporate governance.
Even assuming benign intent - and that is a stretch of an assumption - the outcome would be anything but benign. Anyone with sound instincts knows that any submitted information would be fair game for organizations seeking to tie executive compensation to the creation of a rigorously-monitored affirmative action spoils system.
One of the more irritating aspects of what passes for civil-rights activism in this country is the constant clamoring for a "national conversation on race." In practice, what this amounts to is blacks accusing and whites apologizing. About a dozen years ago, President Bill Clinton explicitly called for this sort of "dialogue." Now President Barack Obama has jumped into the fray. At the close of his press conference this evening, Obama denounced Cambridge, Massachusetts police for acting "stupidly" in arresting Harvard African-American Studies Professor Henry Louis Gates Jr. on July 16 for disorderly behavior.
This picture of Al Sharpton talking to Attorney General Eric Holder was taken yesterday at the White House where Barack Obama announced his nomination of Sonia Sotomayor for the Supreme Court. The White House has been giving Sharpton a surprisingly high profile lately. Al has practically moved in.
Barack Obama was supposed to be our first “post-racial” president. After all, he won the Democratic primaries and the general election with white votes. Obama’s supporters argued that Obama was just the leader to move the country beyond race. Sharpton’s mentor Jesse Jackson became so flustered at this possibility that he wished to cut off Obama’s privates.
Submitted by NLPC Staff on Thu, 05/14/2009 - 10:05
NLPC today released a special report titled Mainstreaming Demagoguery: Al Sharpton’s Rise to Respectability. It is a thorough examination of the character, career and impact of the controversial Reverend by Dr. Carl Horowitz of the NLPC staff.
Sharpton has been the subject of extensive media coverage and criticism in the past. But nothing so far has delved into Sharpton’s beliefs and tactics the way this report does. In particular, the report seeks to set the record straight, with details of Sharpton’s history, which includes anti-Semitism and incitement to violence.
"Diversity training" is a term that describes a brief, but intensive program of lectures, presentation of written and audio-visual materials, and perhaps most ominously, participation in role-playing exercises, all of which are intended to heighten employee awareness of potential sources of racial and ethnic conflict. The report argues that diversity training is counterproductive and instead results in weakened company morale and increased racial resentment.
AFA president Don Wildmon is asking PepsiCo to become “neutral” on the issue of gay marriage by ending support for the groups. Wildmon’s complaints echo those of NLPC, made in 2006 and 2007, of a liberal political bias in the company’s giving. At that time, NLPC objected to PepsiCo’s financial support for groups founded by Jesse Jackson and Al Sharpton.
Submitted by NLPC Staff on Fri, 04/24/2009 - 01:56
NLPC is sponsoring a Boeing shareholder proposal to allow a shareholder vote on any “golden parachute,” or excessive executive severance agreement. The same proposal received an impressive 38% of the vote last year, despite being opposed by Boeing’s management. The Boeing annual meeting is in Chicago on Monday, April 27.
Submitted by NLPC Staff on Thu, 01/15/2009 - 01:00
Today the National Legal and Policy Center (NLPC) asked Neil M. Barofsky, the Special Inspector General for the Troubled Asset Relief Program (TARP), for a formal review of the sponsorship by Bank of America and Citigroup of the Rainbow/PUSH Wall Street Conference currently taking place in New York City. The January 13-16 event is one of two of Jesse Jackson’s annual fundraisers.
For decades Rev. Jesse Jackson has picketed, prayed and negotiated on behalf of unions, and now the Chicago Tribune has uncovered what the unions do for Jackson. Some give money to Jackson's groups, and a few pick up costs for salary and benefits' packages for Jackson's staffers. Among those benefiting from the arrangement with the Hotel Employees & Restaurant Employees Int'l Union was Karin Stanford, Jackson's ex-mistress and ex-employee. In 1999, Stanford received a salary rate of $35,000 from HERE plus health-care and other benefits, according to HERE.
Jackson's solicitations to unions are blunt according to Gary Massoni of Rainbow/PUSH Coalition: "When Rev. Jackson meets with union leaders, he says, I've been involved in labor rights. I've got three things I want you to do," and asks the bosses to put "someone on the staff payroll," take part in his events, and make a "cash contribution." HERE boss John W. Wilhelm praised Jackson: "He's been with us on strikes all over the country." Other unions which have reportedly given are NEA, IATSE, USWA and locals of UFCW and SElU.