Corporate Integrity Project

Scandals involving Enron, Tyco, Global Crossing, Boeing and WorldCom have shaken confidence in America's corporate leaders. 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.
Mark Modica
01/26/2015 - 10:07

Dennis WilliamsGeneral Motors recently announced that it bought back preferred stock from the UAW Retiree Medical Benefits Trust and the Canadian government. The deal closed in December of 2014 and supposedly will result in a reduction to GM's fourth quarter earnings to the tune of $800 million. GM had the option to redeem the shares at face value after December 31st of 2014. The timing of the deal brings into question the motivation behind the move and also leads us to reexamine a previous preferred share buyback that occurred in late 2013.

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Peter Flaherty
01/21/2015 - 14:33

Barra Appeal of ConscienceToday I sent the following letter to Theodore Solso, Chairman of the GM Board:

As a shareholder, the National Legal and Policy Center (NLPC) asks General Motors (GM) to disclose all its contributions to charitable and nonprofit organizations by the company, the General Motors Foundation, or any other entity.

This request is prompted by the acceptance of various awards by CEO Mary Barra offered by charitable and nonprofit organizations at the same time some of the groups are recipients of large cash donations from GM.

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Mark Modica
01/13/2015 - 10:19

Chevy Bolt and Mary BarraSound the trumpets! Here comes the next best, all-new, electric wonder-car from General Motors. The dust had not even cleared from the rollout of the new and improved 2016 Chevy Volt when GM CEO Mary Barra announced the newest Tesla-killer from GM, the Chevy Bolt. Let's hope that the engineers working on the Bolt put more thought into the design of the vehicle than the GM executives put into naming the car.

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Mark Modica
01/09/2015 - 12:37

Obama at Ford plantPresident Obama traveled to Michigan this week to declare the auto bailout a success. Interestingly, he toured a Ford plant. The company did not participate in the bailout.
GM is still trying to shake the Government Motors moniker, and that was certainly the reason for Obama's nonvisit.

Earlier this week, General Motors Company boasted that sales for December were the strongest in seven years. A review of the facts shows that this is not exactly true. You see, GM Co. has not been in existence for seven years. While GM points to this technicality when trying to weasel out of liability claims from the past, it continues to act as if the company is a stalwart 100 year-old American institution.

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Peter Flaherty
01/07/2015 - 19:11

Getting attention is our request that Walmart and other big companies stop funding Al Sharpton and his organization, the National Action Network (NAN), in the wake of the police murders in New York City. On January 5, I was a guest on “Fox and Friends” on the Fox News Channel.

I was also a guest on Money With Melissa Francis on the Fox Business Network.

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Paul Chesser
12/31/2014 - 10:20

Elon Musk IronManIt’s been another year of unwarranted enthusiasm for Tesla Motors and CEO Elon Musk, who parlayed that exuberance for his unprofitable company into a $1.3 billion incentives package from the state of Nevada.

But despite that legislatively unanimous award from three months ago, and a stock price that has flown high for most of the year, there are signs that the shine over the luxury electric automaker is beginning to dull.

Perhaps the most noteworthy skepticism has arisen from popular automotive Web site Jalopnik, which otherwise has been a fairly reliable (but not robotically so) cheerleader for Tesla. An end-of-year article written by blogger Damon Lavrinc recounts the automaker’s legacy of non-fulfillment and asks, “What will Tesla and Elon Musk over-promise next?”

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Peter Flaherty
12/22/2014 - 12:03

WalmartHere is a letter I sent today to C. Douglas McMillon, Walmart President and CEO:

We ask that Walmart end its financial support of Al Sharpton and his organization, the National Action Network (NAN). 

The cold-blooded murder of two New York City police officers, Rafael Ramos and Wenjian Liu, follows weeks of Sharpton's vilification of law enforcement personnel.

As you know, Walmart has helped bankroll Sharpton for years. Most recently, the company was a sponsor of Sharpton's 60th birthday party in New York City, which reportedly was a fundraiser for NAN that raised a million dollars.

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Mark Modica
12/15/2014 - 14:00

The death toll for General Motors' faulty ignition switch victims continues to rise with the last reported number being 42. There has been speculation that the death count is significantly higher, as safety advocate Clarence Ditlow has written to GM to request an expansion of efforts to uncover victims of accidents resulting from defective GM vehicles.

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Peter Flaherty
12/08/2014 - 13:10

Jason ChaffetzToday, we requested that the House Committee on Oversight & Government Reform undertake an "independent" investigation of the General Motors ignition switch recall delay, in light of newly obtained emails by lawyers suing GM.

Those emails suggest that the Treasury may have timed its final sale of GM shares to precede public knowledge of the ignition switch fiasco. They also cast doubt on GM CEO Mary Barra's previous account of what she knew and when she knew it.

Here is the text of a letter I sent today to Rep. Jason Chaffetz (R-UT), in photo, the incoming Chairman of the Oversight & Government Reform Committee:

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Paul Chesser
12/08/2014 - 10:08

Ceres logoGlobal warming alarmists have spent time and money that spans decades and has cost billions of dollars, yet all their tactics and messaging haven’t moved the public-concern meter above “who cares?” So-called “climate change” does not even register near the top of environmental problems that most Americans worry about – much less among all policy issues – according to Gallup polling.

That doesn’t mean the fear-mongers have given up, of course, as the latest effort by environmental pressure group Ceres illustrates. The activist group – which exerts its influence via shareholder activism (claiming $10 trillion in assets) in pursuit of their definition of a “sustainable” global economy – last week sent a letter endorsed by 223 companies to President Obama, in support of EPA’s controversial proposed standard for existing power plants to limit carbon dioxide emissions. Some of the largest and most recognized corporations signed on, including Adidas, IKEA, Kellogg Company, Levi Strauss & Co., Mars Inc., Nestle, Nike, Starbucks, and Symantec – as well as numerous “green”-minded and renewable energy businesses.

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