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.
Peter Flaherty
04/19/2011 - 13:26

Akerson photoAmid reports that the Treasury will soon attempt to sell the government's stake in General Motors at a huge loss, CEO Dan Akerson this morning offered thin gruel for those hopeful about the future of the company. Akerson keynoted a breakfast sponsored by the National Association of Automobile Dealers in New York City, the site of the New York International Auto Show.

Asked about the flagging share price, which is now below its IPO price, Akerson cited oil prices, supply chain problems in Japan, and the fact that GM "incented (sic) more heavily" in the first quarter. He offered no scenario that would propel the share price higher.

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Peter Flaherty
04/19/2011 - 07:46

This week I am attending the New York International Auto Show and already there is plenty of news. The Wall Street Journal is today reporting that the government will "sell a significant share of its remaining stake in General Motors Co. this summer despite the disappointing performance of the auto maker's stock."

GM's share price yesterday dipped below $30. It was already under its IPO price was $33. For taxpayers to break even, shares would have to rise to $53, now increasingly unlikely. In fact, the stock is probably headed down. The Treasury understands this and wants to get out before the situation becomes even worse. The sales would probably take place sooner if not for the fact that the shares are locked up until May 22.

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NLPC Staff
04/18/2011 - 06:30

NLPC Associate Fellow Mark Modica wrote this op-ed appearing in today's New York Post:

Fans of the federal govern ment's auto bailout will push the "GM comeback" story at this week's New York International Auto Show. Good luck with that one.

Taxpayers still own about 26 percent of GM, and it looks increasingly unlikely that they'll ever get their money back: The share price would have to rise to more than $54, and it's stuck in the low thirties. Here's why:

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Mark Modica
04/15/2011 - 12:18

The quality and safety concerns continue to surface at General Motors as officials investigate the likelihood that a Chevy Volt started a fire in a Connecticut home that devastated the garage where the vehicle was being charged. This story was reported by a local Eyewitness News team on Thursday and has not received widespread media coverage. This follows a GM recall of the Chevy Cruze that was necessitated after a steering wheel broke off of one of the vehicles traveling at highway speeds and endangered the family traveling in the car.

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Paul Chesser
04/13/2011 - 21:43

Leslie DachOn Monday Walmart, which has been the subject of much criticism from the National Legal and Policy Center for kowtowing to liberal causes such as cap-and-trade and Obamacare, announced it is going to “reinforce its commitment to deliver low prices.”

No seriously. They really mean it. This time.

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Mark Modica
04/07/2011 - 11:49

The Obama Administration continues to find ways to funnel taxpayer funds to General Motors and the UAW. A hidden bailout was recently uncovered buried within the Obamacare bill. This latest giveaway goes by the name of "Early Retiree Reinsurance Program" or ERRP for short. Washingtonexaminer.com reported last week that the program was discovered by investigators for the House Energy and Commerce Committee.

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Peter Flaherty
04/06/2011 - 12:24

The Associated Press today reinforces questions raised by NLPC about a Federal Communications Commission (FCC) decision to allow a company called LightSquared to deploy a national wireless network. NLPC has alleged that political influence played a role in FCC decisions favorable to LightSquared.

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Paul Chesser
04/04/2011 - 09:25

Jim Rogers photoFree-market minded grassroots activist group FreedomWorks has set up an online petition that calls upon Duke Energy's board of directors to fire CEO Jim Rogers:

Due to ethical and business issues that have damaged the reputation of Duke Energy and put shareholders and ratepayers at risk, we urge you to exercise your fiduciary responsibility as board members and dismiss Jim Rogers from his position as chief operating officer (Rogers is actually CEO).

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Ken Boehm
03/31/2011 - 17:59

AARP report coverToday I sent this letter to House Speaker John Boehner:

Republican members of Congress have asked the Internal Revenue Service (IRS) to investigate the non-profit tax status of AARP in light of the group's massive lobbying operation and its significant commercial activities. We strongly support this request. In addition, Reps. Wally Herger and Dave Reichert have put out a report titled Behind the Veil: The AARP America Doesn't Know, which we welcome.

At the same time, AARP's tax status is determined by the IRS, not Congress. We ask Congress to take an action that is within its own authority - ending the federal subsidy for AARP.

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Paul Chesser
03/31/2011 - 15:14

light bulb/moneyPolitico reported yesterday that "it's not easy being green anymore," allegedly because of environmental groups' failure to score political victories even when news events are in their favor, such as the BP Gulf of Mexico oil disaster and the Japan nuclear reactor drama. And initiatives such as cap-and-trade failed despite the environoiacs' having a Democrat-dominated Congress and executive branch in 2009 and 2010. From the news story:

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