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.
With about $6 trillion of assets under management, BlackRock Inc. carries a lot of weight. And Laurence Fink, CEO and chairman of this New York-based investment firm is throwing his weight around. In a letter dated January 12, Fink advised fellow CEOs of publicly-traded companies urging them to expand their horizons. “Society is demanding that companies, both public and private, serve a social purpose,” he wrote. “To prosper over time, every company must not only deliver financial performance, but also show how it makes a positive contribution to society.” Though such words sound reasonable, they epitomize a common error about the institutional role of the corporation.
For decades, corporations, prodded by government, nonprofit activists and increasingly their own shareholders, have been retooling themselves as social problem solvers. Under the doctrine of Corporate Social Responsibility (CSR), companies effectively behave as philanthropies. A company is answerable not just to persons … Read More ➡
But when it’s conservatives who are censored on powerful, widely read platforms, it’s hard to find any journalists who care.
Such was the case last week when Project Veritas exposed, in an undercover investigation, how Twitter systematically diminishes – and even bans – access to posts published by those on the Right. One Twitter manager in charge of gatekeeping called their censorship victims “shi**y people.”
Then there was the revelation by The Daily Caller that Google’s “fact check” feature seems to exclusively target conservative web sites in its results. In other words, no suspect or controversial claims by liberal web site publishers are scrutinized for accuracy – only those on the right.
While mainstream media outlets are obsessed about … Read More ➡
U.S. Bank isn’t just about banking. And Greg Cunningham wants everyone to know that. Cunningham, vice president of diversity and inclusion at the Minneapolis-based institution, is busy traversing the nation, coaxing bank employees to confront their inner racism, sexism and other attitudes that get in the way of a harmonious workplace. “Transforming a culture of 67,000 people is never easy,” he says. “You have to make sure that everyone knows that there is something in this for them.”
Reprogramming of this sort is a trend. Corporations are creating on-premises ‘safe spaces’ for employees presumably at risk of harassment by managers and peers. Advocates tout the practice as fostering teamwork and ultimately profits. Don’t believe them. Under the guise of addressing a workplace morale crisis, such ‘spaces’ actually create rather than resolve employee divisiveness. It’s a variation on that national behavior modification program known as “diversity,” which has nothing to … Read More ➡
On the same day an Associated Press survey of its member editors determined that workplace sexual harassment was the No. 1 story of 2017, Google’s corporate parent company Alphabet said its CEO, Eric Schmidt, will leave as chairman of its board of directors.
The development comes as Google became the subject of a recent report about corporation-wide mistreatment of women, accompanied by heightened scrutiny of Schmidt’s increasing reputation as a “womanizer.”
According to the New York Post, “news outlets have been sniffing around Schmidt’s former flames looking for a Harvey Weinstein-like bombshell,” but an anonymous source said “there is no sexual harassment.” A Google insider told the newspaper all his relationships have been “consensual” and that there are no settlements from the company to keep things quiet.
Nonetheless Schmidt’s exploits sound positively (Matt) Lauer-esque, with a “marriage” reminiscent of the separate lives existence of Bill and Hillary … Read More ➡
That motley collection of social media demagogues known as Black Lives Matter (BLM) has come up with a new idea for this Christmas season: a nationwide boycott of all white-owned corporations. As they tell the story, running a business constitutes complicity in the murder of blacks. Ironically, their intended targets might be their most generous friends.
The brainchild of this initiative is one Melina Abdullah, a leader of BLM’s Los Angeles chapter and a professor at California State University, Los Angeles (CSULA). She’s urging shoppers, as part of the chapter’s #BlackXmas campaign, not to shop or otherwise do business with companies owned by whites. On a recent broadcast of her weekly radio program, “Beautiful Struggle,” she proclaimed: “We say ‘white capitalism’ because it’s important that we understand that the economic system and the racial structures are connected. We have to not only disrupt the systems of policing … Read More ➡
The National Football League, a model of fecklessness, has taken the art of surrender to a new level. Last Wednesday evening, November 29, a group of team owners and black players reached a tentative plan to divert at least $89 million over seven years to various radical organizations. The move, an effort to placate the now-ritualized theatrical pregame “kneel-down” player protests during the national anthem, was a gift to two groups in particular, the Players Coalition and the Dream Corps, the latter led by Van Jones, an Obama-era White House adviser. “No decisions have been made on where the money will go yet, much less all the money over the next seven years,” said NFL spokesman Joe Lockhart. His boss, Roger Goodell, meanwhile, won’t have to worry. Two days ago, he signed a five-year contract extension potentially worth $40 million a year.
If you are a corporate CEO and you receive a pointed letter about your business practices from two U.S. Senators, it will command your attention, right? And if one is a liberal Democrat and the other a conservative Republican, evidencing broad concern about whatever they are complaining about, don’t you just rivet straight up?
Apparently not if you are Tim Cook and your company is Apple. After all, Apple has a market capitalization approaching $900 billion and is the most admired brand in the world. Maybe you don’t have to pay much attention at all, even if the Senators are raising serious — and potentially explosive — questions about your relationship with the Communist government of China.
On October 17, Senators Patrick Leahy (D-VT) and Ted Cruz (R-TX) wrote Cook about the removal in July of Virtual Private Network (VPN) apps from the Apple store. VPNs allow users in China … Read More ➡
New York Attorney General Eric Schneiderman is holding a press conference at 1 P.M. today regarding the public comment process of the Federal Communications Commission (FCC) on net neutrality.
If his past comments and actions are any guide, he will use the occasion to criticize FCC Chairman Ajit Pai and the Commission’s plans to overturn the Obama-era net neutrality rules. According to Schneiderman, “For my part, I have long publicly advocated for strong net neutrality rules under the Title II of the Communications Act…”
We have conducted four separate forensic studies of the public comments, and we have found massive fraud. We do not have a position on net neutrality. We welcome an investigation into who is responsible for the fraud we exposed, but that investigation must be credible.
Schneiderman is hardly credible. He is a screaming partisan. It is hard to take him seriously. He would have you believe … Read More ➡
In what is universally agreed to be the National Football League’s worst year, both on and off the field, in anyone’s long-term memory, team owners appear to be ready to reward Commissioner Roger Goodell with a sizable contract extension.
The NFL’s reputation, for many years signified with pride by its “shield” logo, has been diminished by high-profile domestic violence incidents by some of its players; by increasing awareness of long-term brain injuries the game causes; and most of all, by widespread protests during the playing of the National Anthem before games, where many players have refused to stand with respect.
The response from the league’s formerly robust fandom has shown in both stadium attendance and television viewership. For the last several weeks, pointing out the high number of empty seats at games has become a sport in itself. As for those who used to enjoy Sunday afternoons in … Read More ➡
There was little suspense when the Federal Communications Commission (FCC) released its plan to lift the Obama-era “net neutrality” rules. The action was promised by now-President Trump during the campaign and by Ajit Pai, who he appointed FCC Chairman.
Critics of the move continue to cite the fact that the FCC received about 22 million public comments, despite the fact that we showed that a significant percentage were fake. Yesterday, FCC Commissioner Mignon Clyburn tweeted:
Who are the faces of #netneutrality? @FCC majority needs a reminder among the 22M+ comments filed are stories from #consumers#startups #entrepreneurs & others. Time to share their stories. One each weekday through 12/14.
If Clyburn really wants know “who are the faces,” we have the answers. In the course of releasing four separate forensic analyses of the public comments in the months leading up to the decision, we … Read More ➡