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
10/18/2011 - 13:39

Rogers and windmill photoSay what you want about Duke Energy and the often-injudicious CEO James Rogers, but at least he is focused on his company’s profitability and the interests of shareholders.

Last week he composed an op-ed for The News & Observer of Raleigh in which he praised Democrat Sen. Kay Hagan and Republican Sen. John McCain for their introduction of the Foreign Earnings Reinvestment Act. The bill would give American companies a “holiday” from the 35 percent U.S. corporate income tax, enabling businesses to – as James Valvo of Americans for Prosperity explained – invest in capital and R&D, hire and train employees, and pay dividends to shareholders.

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Mark Modica
10/17/2011 - 13:27

Akerson and Volt photoLast week we had the marketing whizzes at General Motors apologizing for its "reality sucks" ad campaign (see story here) around the same time that Chevy dealer and congressman, Mike Kelly, was revealing that there is very little demand for the much-hyped, taxpayer-funded Chevy Volt. The reality of the limitations of the Volt seems to be something that GM execs do not want to face. Worse yet, Government Motors continues to try and convince the American taxpayers, who spent billions of dollars to develop and sell the Volt, that demand is wonderful and it is supply that is lagging.

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Mark Modica
10/14/2011 - 11:26

Chevy Spark photoAfter enduring years of Chevy Volt hype, we now get a new "new best thing" from General Motors in the form of an electric version of the Chevy Spark. And I have it on good authority that the Spark will be made in Korea.

The media seems to be pretty excited about the prospects for yet another green vehicle entry from Government Motors, despite the fact that the Volt did not exactly live up to the hype. Well, fool media once, shame on GM; fool media twice, shame on media.

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Paul Chesser
10/14/2011 - 09:11

eTec logoIn the aftermath of the Solyndra scandal, in which $535 million guaranteed by taxpayers for the solar company’s loan has been lost, President Obama told ABC News his people “felt that it was a good bet.”

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Mark Modica
10/13/2011 - 10:15

I was a guest last night on Fox Business Network to talk about GM's push for electric cars. Here is my post about the Chevy Volt "bait and switch" that I reference in the interview:

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Peter Flaherty
10/11/2011 - 13:02

Wall Street protest photoAre the anti-Wall Street protestors demonstrating against themselves? The richest and most prominent Wall Street executives overwhelmingly supported and bankrolled Barack Obama's presidential campaign in 2008.

And on Wall Street, little distinction is made between liberal Democrats and avowedly socialist activist groups. The big banks financed ACORN. Although ACORN has disbanded in the wake of scandal, the JPMorgan Chase Foundation, formerly headed by White House Chief of Staff William Daley, continues to fund similar groups committed to undermining capitalism and debasing democracy.

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Paul Chesser
10/07/2011 - 10:05

Jim Rogers photoThe merger hearings for Duke Energy and Progress Energy before the North Carolina Utilities Commission were supposed to be the last major hurdle for the deal to be approved, but now the concerns of a small coastal city and a federal government regulatory agency have cast last-minute doubts. It turns out the demands by environmental groups for Duke to pay more money into weatherization boondoggles were minor irritants compared to the threat posed by the Federal Energy Regulatory Commission.

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Mark Modica
10/04/2011 - 14:15

General Motors continues to claim that demand will drive Chevy Volt sales and 10,000 of the vehicles will be sold in 2011, even as September sales came in at a still disappointing dismal rate of 723 units sold. GM has staked its credibility on the success of the much-hyped hybrid. The Obama Administration also risks another embarrassment if Volt sales continue to underwhelm following the Solyndra scandal that saw a similar failed green energy initiative lead to a 500 million dollar loss on its taxpayer funded gamble. Now we learn that GM has been selling the $40,000 plus vehicles for as low as $29,500 each according to the gmauthority.com site. How far will GM and the Administration go to pump sales figures to persuade the public that the Chevy Volt is a green success story that justifies the spending of billions of taxpayer dollars on such initiatives?

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Paul Chesser
09/29/2011 - 09:05

solar graphicA lot has been said about the ties of George Kaiser, a campaign contribution bundler for President Obama’s 2008 campaign, to the Solyndra bankruptcy scandal that likely has cost taxpayers $535 million thanks to a Department of Energy loan guarantee. Kaiser’s investment firm, Argonaut Venture Capital, held over 35 percent of the failed solar company’s stock – more than anyone else.

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Mark Modica
09/29/2011 - 08:25

funneling money graphicA recent article on Newsmax.com by John Berlau exposes another scheme by the Obama Administration designed to redistribute more wealth in an effort to cover taxpayer losses in the General Motors and Chrysler bailout fiasco. The plan is to have financial institutions with assets of more than $50 billion to continue to pay a "financial crisis responsibility fee" until TARP losses by firms like GM and Chrysler are recouped. Of course, cronies at GM and Chrysler are not on the hook for the losses. It seems that the old playbook used by Obama to have others pay for the costs of failure at GM and Chrysler is still being used.

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