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05/10/2010 - 20:06

Lee Scott photoAt the Goldman Sachs annual meeting on Friday, former Wal-Mart CEO Lee Scott was elected to the Goldman board of directors. Several Left-wing activists rose to sing his praises. I added this comment at the end of my remarks about our shareholder proposal asking for a report on the science behind Goldman’s embrace of global warming:

Mr. Blankfein, I hope you will reach out to experts on with diverse viewpoints. Sorry to say, your new director, Lee Scott, can be of no help. He claimed that carbon dioxide causes hurricanes, something he must have picked up from Al Gore. He also took a company founded by Sam Walton, one of the greatest entrepreneurs of all time, and transformed it into a cowed giant, almost an appendage of the state, now supporting ObamaCare and cap and trade.

4,275 reads
05/10/2010 - 00:07

Mary Kay Henry photoIt may have been a formality, but the executive board of the Service Employees International Union this past Saturday overwhelmingly named SEIU Executive Vice President Mary Kay Henry to succeed Andrew Stern as the labor organization's next president. The 73-member governing body met in Washington, D.C. to select Ms. Henry, who ran unopposed after Secretary-Treasurer Anna Burger dropped out of the race a little over a week earlier. Henry, like Burger, is a Stern loyalist.

3,849 reads
05/09/2010 - 14:37

Blankfein photoAt the Goldman Sachs annual meeting on Friday, I had an unplanned exchange with CEO Lloyd Blankfein about Goldman's support of Jesse Jackson, who was at the meeting and kept popping up to speak. Jackson was acting adversarial toward Blankfein, even though Goldman Sachs is one of Jackson’s largest financial supporters.

In hopes of ending this charade, I asked Blankfein to clarify the relationship between Goldman and Jackson as that of donor and recipient. Blankfein said he didn't know if Goldman supported Jackson. I challenged him by asking, "You do not know?" and "You give Jackson's group six-figure sums and you don't know about it?" Blankfein continued to play dumb, so I moved on to address our resolution asking for a report on the science behind Goldman’s embrace of global warming.

Of course, Blankfein is not dumb, just dishonest.

3,775 reads
05/08/2010 - 10:33

Sharpton photoYesterday, Dr. Carl Horowitz of the NLPC staff spoke at the Colgate-Palmolive annual meeting in New York City in support of our resolution asking the company to disclose its charitable contributions. In the past year, Colgate had both ballyhooed and denied that it supports Sharpton’s group, the National Action Network (NAN).

Horowitz forced CEO Ian Cook to admit that the company is a donor to NAN. Cook did not explain why the company denied it in October 2009.

3,567 reads
05/06/2010 - 15:26

Goldman Sachs logoMy remarks at Goldman Sachs annual meeting today:

I regret that management opposes our resolution asking for a report on the science behind Goldman’s public positions on global warming. In 2005, Goldman Sachs established its “Environmental Policy Framework,” which stated:

“Goldman Sachs acknowledges the scientific consensus, led by the Intergovernmental Panel on Climate Change (IPCC), that climate change is a reality and that human activities are largely responsible for increasing concentrations of greenhouse gases in the earth’s atmosphere.”

3,775 reads
05/05/2010 - 16:16

Gutierrez photoRep. Luis V. Gutierrez’s (D-IL) multitude of legal and ethical problems were compounded on Monday, when it was reported by the Chicago Sun-Times that his daughter may have gotten a sweetheart deal on her home in Chicago.

Gutierrez was the mentor of former Chicago ward-26 alderman Billy Ocasio, who initiated specialized affordable-housing programs in his district. Gutierrez’s daughter, Omaira Figueroa, benefited from the program, buying an affordable condo for a discounted $155,000 in June, 2008, and selling it for $239,900 just over a year later.

3,002 reads
05/04/2010 - 23:38

Nooyi photoNLPC is the sponsor of a shareholder proposal that asks PepsiCo to report on its lobbying priorities. Here are my remarks today at the PepsiCo annual meeting in Plano, Texas:

I regret that PepsiCo opposes this resolution asking for a report on the company’s lobbying priorities. I would think that management would welcome the opportunity to explain its priorities.

PepsiCo is a member of the U.S. Climate Action Partnership a coalition of corporations and environmental groups. USCAP’s mission is to “quickly enact strong national legislation to require significant reductions in greenhouse gas emissions.” The House of Representatives has obliged in the form of the Waxman-Markey bill. According to the Heritage Foundation, this bill would destroy over 1.1 million jobs, hike electricity rates 90 percent, and reduce the U.S. gross domestic product by nearly $10 trillion over the next 25 years.

2,603 reads
05/02/2010 - 20:43

SEIUThe successor to Andrew Stern as president of the Service Employees International Union (SEIU) had come down to his two top aides. Now it's down to one. Late last week, SEIU Secretary-Treasurer Anna Burger announced that she had dropped out of the race for interim president, virtually assuring that the union's executive board this week will name Executive Vice President Mary Kay Henry for that position. As each was a Stern ally - he'd referred to them as "lifelong partners" - the race was less about politics than personality and management style. In a letter withdrawing her candidacy, Burger termed Ms. Henry, who also heads the SEIU health care division, her "union sister" and stated she would work closely with her. Burger wrote: "The media is just wrong when they suggest that this contest represents a shift in SEIU's priorities or a rejection of the Stern/Burger agenda."

2,441 reads
05/01/2010 - 01:28

Flake photoTwo congressmen are calling on the Office of Congressional Ethics to release details of an investigation into lawmakers linked to the PMA Group pay-to-play scheme, after the House Ethics Committee has refused to reveal information it collected during its own probe of the case.

On Feb. 26, the House Ethics Committee issued a report which cleared seven members of congress of exchanging earmarks for campaign donations with the now-defunct PMA Group. However, the committee has declined to disclose details of the investigation.

1,720 reads
04/28/2010 - 17:52

Sharpton waves paper photoReverend Al Sharpton has something new to be angry about. Last Friday, April 23, Arizona Republican Governor Jan Brewer signed legislation known as "SB1070" requiring law enforcement authorities to ask all criminal suspects to provide evidence of legal U.S. residence. The law is set to take effect 90 days after signing. Sharpton is determined to prevent that from happening. He recently announced his intent to travel to Arizona to stage mass protests against what he says is an assault on Hispanic civil rights.

Staging this campaign will cost money. But "the Rev" doesn't have many worries on this score. His New York-based nonprofit group, National Action Network (NAN), continues to receive financial support from some of the nation's biggest and most well known corporations and unions. This was very much in evidence at NAN's four-day 12th annual conference, his biggest fundraising event of the year, held earlier this month in New York City.

2,354 reads
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