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.
Paul Chesser
12/06/2012 - 14:04

green Apple logoA data center in western North Carolina built by Apple, Inc. has now doubled the size of its associated power-generating fuel cell facility, one which in April NLPC reported was a conflict of interest for Apple director and former Vice President Al Gore.

Major technology companies such as Google, Facebook and eBay build these massive server farms to support services such as cloud computing, but in an effort to pacify environmentalists about their enormous energy use, many go to great lengths to make these facilities appear “green.” They’re not.

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Carl Horowitz
12/04/2012 - 13:33

SharptonThe new, improved Reverend Al Sharpton has been establishing a Washington, D.C. presence ever since President Obama took office nearly four years ago. But apparently, the New York City-based minister, politician and media personality hasn't evolved from his attitude about the need to pay bills on time. Last week the Washington Post reported that Sharpton's nonprofit vehicle, National Action Network (NAN), is seven months behind on its rent for downtown Washington building space it sublets from the Conference of Minority Transportation Officials, or COMTO. The overall debt now exceeds $28,000. His top aide, Rachel Noerdlinger, insists NAN has made good on all past due balances. Yet given Sharpton's history of leaving creditors out in the cold, COMTO would do well to be skeptical.

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Mark Modica
12/03/2012 - 09:41

Chevy SparkAlbert Einstein is credited with having defined insanity as "doing the same thing over and over again and expecting different results." Well, prepare for more insanity as General Motors is doubling down on green energy and plug-in cars after the disappointing sales results from previous entries into the field. The politically-motivated hype that we saw, and continue to see, on the Chevy Volt will be repeated. This time the over-hyped vehicle will be a Korean-made, all-electric Chevy Spark.

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Paul Chesser
11/30/2012 - 12:24

Jim Rogers and windmill photoThe long, crony-capitalizing, rent-seeking reign of CEO James Rogers at Duke Energy looks like it will come to an end – in a year, but possibly sooner.

The departure follows the saga that was the merger between Charlotte, NC-based Duke and Raleigh, NC-based Progress Energy, which was completed in June – sort of. After the North Carolina Utilities Commission delivered the final regulatory approval it needed, Duke’s board ousted former Progress head Bill Johnson. Throughout the nearly 18-month process the pending partner companies proclaimed Johnson would be the CEO of the new combined Duke, with Rogers moving up to chairman, but the directors schemed in the final months of negotiations and then sprung the firing on Johnson only hours after they congratulated him on his new position.

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Paul Chesser
11/29/2012 - 14:26

Ghosn photoThe moment that all we electric automotive industry stakeholders (that is, taxpayers) have been waiting for has arrived! The dreams that spurred our $1.4 billion investment in Nissan’s Tennessee plant, for construction of the all-electric Leaf, and its batteries, will finally be realized!

Pass out the scissors for the ribbons, set up the podium for the dignitaries, and roll out a few of those shiny new models…what’s that you say? The ceremony’s been cancelled?

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Peter Flaherty
11/23/2012 - 14:08

Walkout on Walmart posterThe anti-Walmart protests today organized by the United Food and Commercial Workers union are the clearest evidence yet that the company's campaign of appeasement of left-wing activist groups is failing. Indeed, it appears the policy has invited more defamation and harassment. We told you so.

NLPC documented the emergence of this policy in a Special Report titled Wal-Mart Embraces Controversial Causes: Bid to Appease Liberal Interest Groups Will Likely Fail, Hurt Business. Written by John Carlisle, it was published in 2006 and updated in 2008. Click here to download the 24-page pdf version.

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Mark Modica
11/23/2012 - 09:16

Ally financial girlThe final pieces are coming together in the General Motors' restructuring puzzle as the company has, not surprisingly, won its bid to repurchase government-owned Ally Financial's European and Latin American lending operations. GM was forced to spin off all but 10% of Ally Financial back when it was known as GMAC.

Back in late 2008, the spigots of taxpayer money were open and GM had its cup out. In order for GM's lending arm (GMAC) to receive TARP funds, GM had to divest all but less than 10% of the company so that GMAC could be granted status as a bank holding company. Under President Bush's watch, the Federal Reserve approved the move and the company that is now known as Ally Financial eventually received about $17 billion of taxpayer money. GM itself would eventually end up with about $50 billion of taxpayer money, mostly distributed during Obama's term.

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Ken Boehm
11/13/2012 - 12:00

forest photo"One of the great mistakes is to judge policies and programs by their intentions and not by their results."  — Dr. Milton Friedman

The free market has long been recognized as one of the best methods for consumers to get a wide variety of choices, while at the same time the competition for the consumer dollar incentivizes producers and sellers to offer the best possible value for the price.

Free market advocates have demonstrated that, all too often, interventions in the market such as tariffs, regulations, taxes, and so forth - imposed with the best of intentions - not only rob the consumer of choice but increase the ultimate cost of goods and services.

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Mark Modica
11/08/2012 - 10:09

Obama and MarchionneIt is being suggested that President Obama's reelection was at least in part helped by the auto industry bailouts, or more accurately, the portrayal of the bailouts by the president and the media. It is therefore important to surmise that the precedent setting auto bankruptcy proceedings saw billions of taxpayer dollars used to not only help the industry, but to fund the reelection of the sitting president that orchestrated the process.

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Mark Modica
11/06/2012 - 10:26

SuzukiNow that the election season is coming to an end, we may get a clearer picture in the near future as to just how "healthy" the auto industry really is. Another car company has just filed for bankruptcy as American Suzuki announced that it is filing for chapter 11 protection and will no longer be selling vehicles in America.

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