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
11/10/2011 - 10:00

Government Motors graphicGeneral Motors reported disappointing earnings yesterday and share price fell over 11% (compared to about 3% for broader markets) to $22 and change, down 33% from its IPO offering at $33 about a year ago. Taxpayers saw a paper loss of over $1 billion on their "investment" in just one day. Individual investors may have been confused by initial headlines that trumpeted an earnings beat by GM at the same time that pre-market share price signaled that the earnings report was a disappointment. Let's take a look at what drove the move as well as where GM may be heading.

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Paul Chesser
11/10/2011 - 08:22

Nissan Leaf photoOn Monday NLPC’s Mark Modica smartly called into question Consumer Reports’ sudden change in opinion about the electric hybrid Chevy Volt from a vehicle that they once believed “doesn’t seem to make a lot of sense,” to one the publication recommends. The next day, however, CR delivered an online review of the major all-electric vehicle on the U.S. market – the Nissan Leaf – and while not intended to be scathing, the account given by reviewer Liza Barth makes the car sound so unappealing, she should have panned it outright.

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Paul Chesser
11/09/2011 - 09:40

Mike Duke photoNo matter how much Walmart officials pander to liberals and their institutions, or how much they implement alternative energy gimmicks, or how much they earn fawning media attention for “corporate responsibility” and “sustainability” gestures, a giant segment of the political Left will still resent the retail giant.

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Paul Chesser
11/08/2011 - 08:10

Jim Rogers and windmill photoIn March NLPC reported that Duke Energy guaranteed a $10 million loan to the Democratic National Committee to host its 2012 convention in Charlotte, NC – the utility’s hometown. Now Duke CEO James Rogers – who heads the fundraising effort as co-chair of the DNC host committee for the convention – is silent about how much money has been brought in so far.

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Mark Modica
11/07/2011 - 16:57

Akerson and Volt photoGeneral Motors has gotten much attention on its controversial Chevy Volt tax-subsidized vehicle. The hype for the Volt started over two years ago as GM was trying to put a positive face on the future green potential of a plug-in vehicle that was to be a game changer for the industry as  Washington was lobbied for a taxpayer funded bailout. While the final verdict on the success of the Volt has not been reached, the initial performance is underwhelming; especially considering the amount of hype and marketing money (supplied by taxpayers) emanating from GM.

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Mark Modica
11/06/2011 - 14:52

burnt Volt photoCars in Depth reports that the Chevy Volt and it's charging station are suspected as possible causes for a house fire that started in the garage of a Mooresville, NC home. According to the report, investigators found a Volt plugged into a charging station located in the burned out garage. The Iredell County Fire Marshal's office investigating the fire states, "The charging station was in the known area of origin, but the cause of the fire has not been officially determined."

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Mark Modica
11/04/2011 - 12:54

Back in April of this year I wrote about the covert bailout that was buried in the Obamacare bill which gives $5 billion of taxpayer money to unions, states (for public employees) and corporations for health care coverage for retirees aged between 55 and 64. The program is called the Early Retiree Reinsurance Program or ERRP. The UAW is the largest single beneficiary, receiving over 200 million dollars. General Motors also gets a piece of the pork with about a 20 million dollar cut. A recent report by the Washington Examiner identifies early retirees (many of whom are being paid over $100,000 a year in pension payments) of the California Public Employees Retirement System (CalPERS) as the other top recipient of about 200 million dollars.

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Paul Chesser
11/04/2011 - 12:37

CrackerBarrelIf you were going to run a pilot project that deploys charging stations in a network to enhance the use of electric vehicles, what kind of establishments would you locate them at? Whose customers might be most interested in that amenity?

Certainly Starbucks comes to mind, as might sustainability-crazy Walmart – but how about Cracker Barrel?

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Paul Chesser
11/03/2011 - 09:18

United jet photoU.S. airlines are addicted to the concept of nickel-and-diming customers for each additional cost they can pass along, from baggage fees, to food, to fuel, to imperceptibly “better” seats.

But for some reason they are upset about a European Union plan to charge them for their carbon dioxide emissions on flights going to and from EU countries, despite the fact that all the U.S. carriers who have complained about the EU plan boast about their strategies to lower their “carbon footprint.” USA Today reports that the scheme, beginning next year, could raise round-trip ticket prices to Europe by as much as $30.

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Mark Modica
11/02/2011 - 09:20

Akerson and Volt photoGeneral Motors has staked much of its credibility on the Chevy Volt. GM has a goal of selling 10,000 of the vehicles in 2011 and is only about half way there with two months remaining. Ad spending seems to have ramped up faster than sales though with much of GM's marketing dollars going towards Volt commercials while only 1,108 of the vehicles sold in October. I can't remember ever seeing as many TV ads for a vehicle that has sold in such low numbers. Despite the low proportionate sales to hype ratio for the Volt, sites like Mother Nature Network are proclaiming success for the Volt with the headline reading "October was a great month for Chevy Volt Sales."

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