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
08/04/2011 - 20:13

Today's drop in GM's share price to a new low represents a one-day, half-billion dollar loss for taxpayers. From the time that Treasury could first file to sell the taxpayers' stake in GM, the losses have reached about 2.5 billion dollars. Of course the total cost of the bailout was well above this, but the Obama Administration does not seem to want to cut its losses.

GM announced earnings this morning and the numbers appeared to be good on the surface. Media friends of GM trumpeted the good news but the celebration did not last long. The festive mood was replaced with GM apologists trying to explain the negative share price reaction.

view
Paul Chesser
08/04/2011 - 20:09

Jim Rogers photoDuke Energy, along with General Electric and General Motors, are three of the major companies that are often criticized for their rent-seeking ways by free-market minded people, because their corporate earnings focus seems to depend more on subsidies and tax breaks from government rather than sales of their products. That all three support cap-and-trade policies (although it appears GM has left the US Climate Action Partnership) – as long as the gaming of the credit-trading system falls in their favor – is one example of this.

view
Mark Modica
08/02/2011 - 15:02

Chevy Volt photoSales of the much-hyped Chevy Volt fell to new lows as did GM share price as July auto sales figures came in. Only 125 Volts were sold during the month of July. Recent reports attributed the slump to supply constraints as GM spokeswoman, Michelle Bunker, was quoted as saying that the Volt was "virtually sold out" and only a "few" were available nationwide. I have confirmed that this statement is not entirely truthful and have gotten clarification from GM through Director of Communications, Greg Martin.

view
Ken Boehm
08/01/2011 - 19:15

NY Times building photoThis week the New York Times again ran a story calling into question the credibility of reporter Ian Urbina's June 27th article, "Insiders Sound an Alarm Amid a Natural Gas Rush," which claims the quickly emerging shale gas industry is similar to a Ponzi scheme.

It appears Urbina crossed the line into sensational journalism with his baseless claims by failing to conduct proper background checks, and his tendency to overstate the credentials of anonymous sources. This problems with his reporting apparently have driven a wedge between Times editors trying to justify the story, and those concerned over the long-term repercussions for the paper.

view
Paul Chesser
07/29/2011 - 13:00

Immelt Obama photoGeneral Electric announced this week it will relocate its X-ray business to Beijing in order to capitalize on the burgeoning Chinese health care market.

Bravo for them. Kudos. I’m sure it’s a smart business move for the company – just like not paying taxes in the U.S., rent seeking for “Green” subsidies and mandates, and reducing American jobs are also bottom-line wise.

view
Mark Modica
07/28/2011 - 14:54

Wall Street casino photoThe latest reports from Reuters state that the US Treasury Department will wait until after September to sell its GM stake. Just why is Treasury gambling taxpayer money by trying to market time its exit of General Motors' shares? The lock-up period for GM expired at the end of May. This was the earliest time that insiders (such as Treasury) involved in the GM IPO would be allowed to file to sell shares. At that time, GM shares were hovering around $31. Today's price is closer to $28. Calculating the loss from late May to now on the taxpayers' approximate 500 million shares, we come up with a loss of about $1.5 billion. What is leading the executive branch of our government to believe it has the right to play investment adviser and market timer for taxpayers on the GM gamble?

view
Mark Modica
07/25/2011 - 13:25

GM UAW Delphi logosThe unprecedented intrusion of the executive branch of the US government into the American auto industry when the Obama Administration orchestrated the General Motors and Chrysler bankruptcy processes is now leading to unprecedented responses. Groups that were clearly discriminated against and had their rights subordinated to politically powerful unions may actually have a winnable case against our own government as lawsuits are being brought against the US Treasury Dept. and others.

view
Paul Chesser
07/25/2011 - 12:59

Mike Duke photoBack in April some on the Internet tried (and failed) to argue that Walmart had abandoned political correctness – especially with regard to environmental causes – because the company had suffered seven (now eight) straight quarters of same store sales declines. NLPC showed that if anything, Walmart was more committed to “sustainability” than ever.

Those priorities, under CEO Mike Duke (in photo), may have reached absurd new heights last week as the world’s largest retailer announced a partnership with utility giant American Electric Power to give away electricity. That’s right – free electricity! But as you might imagine, there’s a catch.

view
Mark Modica
07/21/2011 - 10:52

Volt photoAccording to a report by the Detroit News, General Motors claims that it now has fewer than 100 Chevy Volts sitting on dealer lots. In addition, only 1 in 9 dealers are offering the vehicles for sale. However, a search for Volt inventory on the cars.com website uncovers 500 new Chevy Volts advertised for sale to the public. This data confirms that GM dealerships are using a version of "bait and switch" to lure consumers into showrooms by advertising Chevy Volts that are not truly available for purchase.

view
Paul Chesser
07/19/2011 - 12:31

Jim Rogers photoThe latest pressure tactic engaged in by global warming activists is to crank out their own journalism, then get an allegedly objective news organization to run their stories. Such was the case recently with the group SolveClimate and the Reuters news agency, when they co-published an article that attempts to pressure corporations to adopt climate mitigation and adaptation initiatives.

view
Syndicate content