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.
Peter Flaherty
12/10/2011 - 12:45

Phil Falcone photoBillionaire Phil Falcone, whose cozy relationship with the Obama Administration was first exposed by NLPC, may face civil fraud charges by the Securities and Exchange Commission (SEC). According to a filing yesterday by Harbinger Group Inc., Falcone and two other directors have received "Wells Notices," meaning that they are under investigation.

Falcone is the Chairman, CEO and primary investor in Harbinger Group Inc., a hedge fund. Reportedly, other Harbinger investors include Soros Fund Management. Harbinger owns LightSquared, which has received an unusual waiver from the Federal Communications Commission (FCC) to deploy a national 4G wireless network.

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Mark Modica
12/09/2011 - 10:02

Volt in snow phtotoHere's another surprise for Chevy Volt owners. Autoblog reports that General Motors is holding an online chat with Volt owners about winter driving. Part of the chat reveals that, despite the fact that GM claimed the Volt is purely electric for a range of about 35 miles, the vehicle will use gas in cold conditions. GM states, "Please be aware: when starting your Volt in these colder months, in some instances, your gas engine may engage regardless of the state of charge of the battery. This was designed into (the) Volt to generate heat for the battery when temperatures are well below freezing."

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Mark Modica
12/08/2011 - 11:05

You may have heard of the announcement that there will be a congressional investigation into why NHTSA waited six months to notify the public of the crash-tested Chevy Volt which burst into flames three weeks after the crash-test. If you have, it was probably not through mainstream media networks, which seem to be keeping fairly quiet on the story. I have not been able to ascertain a logical reason for General Motors and the Obama Administration's transportation safety agency to withhold reporting the incident.

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Paul Chesser
12/08/2011 - 11:01

Frito Lay Electric Truck

Last week Frito-Lay, the $12 billion snack foods division of PepsiCo, boasted it would add 10 all-electric delivery trucks in Orlando, Fla., as part of its plan to deploy 176 such vehicles in the U.S. and Canada by the end of year.

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Peter Flaherty
12/07/2011 - 13:20

Volt fire photoThe National Legal and Policy Center (NLPC) today filed a formal request under the Freedom of Information Act (FOIA) with the National Highway Traffic Safety Administration (NHTSA) for any and all communications with General Motors (GM).

The NHTSA is investigating three fires in the battery packs of GM's Chevy Volt following collision tests, but may have withheld information of this potential safety problem from the public for several months.

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Peter Flaherty
12/07/2011 - 13:14

Ian Read photoNLPC has filed a shareholder proposal challenging Pfizer's support for ObamaCare. The resolution actually asks for a report on Pfizer's lobbying priorities. Here is the supporting statement submitted to Pfizer for inclusion in the proxy:

Pfizer played a key role in the passage of ObamaCare, even though a majority of Americans were opposed. CEO Jeffrey Kindler organized pharmaceutical CEOs in support of the bill, promoted a massive advertising campaign, and partnered with Left-wing groups normally hostile to Pfizer's interests. For these actions, he received a multi-million dollar bonus.

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Mark Modica
12/07/2011 - 10:20

Detroit News reports that Congress will hold a hearing to determine why NHTSA waited six months to report a spontaneously combusting Chevy Volt which went up in flames three weeks after a crash-test. The news comes three weeks after I first questioned the delay. While there was no justification for NHTSA to keep the incident secret from the public, the skepticism towards a government agency of the Executive Branch being in charge of investigating the safety of President Obama's favorite car is fully justified.

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Paul Chesser
12/07/2011 - 08:34

white Coke can

NLPC readers by now have learned there is more than meets the media’s eye when it comes to the Obama administration’s “Green” initiatives, and specifically, the government-subsidized electric vehicle program. Particularly egregious might be how American taxpayers have helped save a troubled EV company in the United Kingdom for its burdened investors.

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Mark Modica
12/05/2011 - 08:10

General Motors has announced it is buying back Chevy Volts from any purchasers who are concerned about safety risks associated with the vehicle. NHTSA is currently investigating fires that occurred after crash tests of the vehicles when the volatile lithium-ion batteries ignited days after the tests. Any buybacks of the vehicles sets the stage for wealthy purchasers to take advantage of lax rules for the $7,500 tax credit available on the vehicle. Essentially, many purchasers can return their Volts and then go ahead and apply for the credit, even though they do not currently own the vehicle and received a refund of what they paid for the car.

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Mark Modica
12/05/2011 - 08:05

On Thursday, I discussed disappointing Chevy Volt sales figures with Neil Cavuto on his Fox Business Network program. Here's a transcript:

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