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
08/12/2011 - 11:27

Akerson and Volt photoAccording to a USA Today report, General Motors has decided to offer a Cadillac version of the Chevy Volt called the Converj. This follows reports that the Obama Administration will continue to hold its stake in GM. That makes sense, since a decision to build a Cadillac version of the Volt could not be based on economic considerations, but political ones.

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Paul Chesser
08/10/2011 - 16:20

forest fire photoIt’s (once again) the law of unintended consequences for Green groups: In order to fulfill a 2007 state mandate that they derive 12.5 percent of electricity from so-called “renewable” sources, a North Carolina appeals court has ruled that Duke Energy – which will soon be more or less the only investor-owned utility in the Tar Heel state – may burn whole trees to comply with the regulation.

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Mark Modica
08/10/2011 - 09:02

Geithner photoAccording to a WSJ report, "people familiar with the situation" said on Tuesday that the Obama Administration has put on hold its decision to sell the taxpayers' stake in General Motors. The article also states that "Treasury officials had anticipated GM's share price would increase following its public stock offering last November at $33 a share." It would seem that Treasury anticipated wrong.

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Paul Chesser
08/09/2011 - 11:15

Jim Rogers photoDuke Energy’s business approach has been to reap favors, tax breaks and advantages by virtue of its cozy relationship with government, with benefits that have redounded to them in the form of subsidies, tax shelters, government grants and mandates for wind farms (despite its failure to provide energy on a broad scale, even though it has been around forever) and other unproven cockamamie ideas.

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Mark Modica
08/06/2011 - 11:47

A few months back General Motors CEO, Dan Akerson, made claims that future profits at GM would be driven by China sales and the Chevy Volt. It has become apparent that the Volt is a non-issue, so let's take a look at the performance of what Akerson described as the "crown jewel" of GM.

China sales in July for GM actually fell 1.8% year over year. GM and its "joint ventures" sold 173,398 vehicles in China for the month of July. Of this number, 77,944 units were sold by SAIC-GM-Wuling. It is another overlooked half-truth by GM that they count these as GM sales, even though GM is a minority owner of the division.

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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.

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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.

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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.

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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.

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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.

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