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.
Ken Boehm
07/18/2011 - 13:13

NY Times building photoOn July 7, we asked New York Times ombudsman Arthur Brisbane to look at the newspaper's front-page series on natural gas by reporter Ian Urbina, who alleged that the sector is in the grips of a speculative bubble. We specified a number of apparent ethical problems with Urbina's methods and sources.

In Sunday's paper, Brisbane addressed the central concern raised by us and many others - that Urbina ignored the fact that production of natural gas from domestic shale deposits is booming. Brisbane wrote:

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Mark Modica
07/18/2011 - 10:35

car insurance graphicGeneral Motors recently launched a pilot program in the Pacific Northwest offering free auto insurance on GM vehicle purchases. The move immediately drew criticism from independent insurance agents who point to possible legal problems with the move, as reported by liveinsurancenews.com. The agents are obviously concerned with the potential loss of business, but they make valid points that there are regulatory and licensing requirements that go with the offering of insurance products.

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Mark Modica
07/14/2011 - 23:15

The UAW and Chrysler are once again embarrassed as Chrysler workers were caught on camera for the second time in 10 months smoking pot and drinking beer before heading back to work.

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Mark Modica
07/10/2011 - 11:02

Ron Bloom photoThe Detroit Free Press reports that the House committee holding hearings on the auto bailout process wants clarification from former head of President Obama's Auto Task Force, Ron Bloom, regarding testimony he gave about a statement he allegedly made at a 2009 celebratory dinner. According to a news article written at the time and fellow ex-car czar, Steve Rattner, Bloom stated that he "did this all for the unions." Bloom denied making the statement while under oath. The congressional panel isn't buying it and has written a letter to Bloom requesting that he amend his testimony.

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Ken Boehm
07/07/2011 - 23:30

New York Times photoNLPC today asked the New York Times ombudsman to review the newspaper's front-page series on natural gas published last week. The articles by Ian Urbina alleged that there is a speculative bubble in natural gas drilling. We have identified a number of apparent ethical problems with Urbina's methods and sources.

Here is the complete text of my letter to The New York Times ombudsman Arthur Brisbane, whose actual title is Public Editor:

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Mark Modica
07/06/2011 - 09:25

GM truck photoIt looks like General Motors is up to its old tricks as it stuffs inventory channels with higher profit trucks. GM is able to record revenue when vehicles are shipped to dealerships as opposed to actually being sold to consumers, so the move will help to paint a false picture of positive second quarter earnings.

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Mark Modica
07/05/2011 - 09:50

According to CNBC, General Motors has ramped up its lobbying efforts to the tune of $3.58 million in the first quarter of 2011. This is nearly triple the $1.36 million it spent in the first quarter of the prior year. It is also over double the $1.67 million spent by non-bailed out Ford in the same quarter. The $50 billion that taxpayers gave to bail out GM is now partially being distributed back to President Obama, Congress and a variety of agencies in an effort by GM to, well, receive more taxpayer money.

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Mark Modica
06/28/2011 - 08:53

The auto bailouts are now being touted by President Obama as a "success" even though the taxpayer is about to take at least a $10 billion hit when the government sells its remaining GM shares. There is, however, a missing dimension in this debate. It is the moral one.

Prior to General Motors filing for bankruptcy in June of 2009, I was involved as a GM bondholder advocate for a group called the Mainstreet Bondholders. Attempts were made by my group to bring about fair negotiations for creditors of GM, attempts that were ignored by the Obama Administration's Auto Task Force, headed by Steven Rattner. The Task Force stated that their goal was to restructure GM outside of bankruptcy as they laid out a "take it or leave it" bond exchange offer that was supposedly designed to keep GM out of bankruptcy.

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Mark Modica
06/21/2011 - 10:04

Volt photoAs General Motors gambles on ramping up production of the Chevy Volt, a couple of new reports point to headwinds for demand of electric hybrid vehicles, like the Volt. A new British study disputes the perception of eco-friendliness of electric vehicles. The study takes into consideration driving, manufacturing and disposal and undermines the case being made for a rapid introduction of electric vehicles as a means to address environmental concerns.

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Paul Chesser
06/17/2011 - 11:44

National business associations have been targets of intimidation tactics by environmentalist groups for some time now. For example, Greenpeace trespassed on the grounds of the U.S. Chamber of Commerce, and the eco-gangs attacked their climate change positions to the point where individual members left the organization. Meanwhile “Green” investors have pressured companies to leave the chamber as well.

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