Boeing Shareholder Proposal Targets ‘Golden Parachutes’

NLPC is a critic of the ethical climate fostered by Boeing’s management. In 2003, NLPC exposed the Boeing tanker deal scandal, sending two Boeing executives to prison, and saving taxpayers at least $4-5 billion.  In 2005, the Army announced that it would renegotiate Boeing’s contract for Future Combat Systems after NLPC Chairman Ken Boehm testified before a Senate committee that the contract exempted Boeing from virtually all statutes dealing with waste, fraud and abuse.

NLPC has also protested Boeing’s financial support for Jesse Jackson’s groups and its sponsorship of an 2006 event featuring Nation of Islam Leader Louis Farrakhan.

The resolution reads:

RESOLVED: that the shareholders of Boeing (“the Company”) urge the Board of Directors to seek shareholder approval of future severance agreements with senior executives that provide benefits in an amount exceeding 200% of the sum of the executives’ base salary plus bonus.

“Severance agreements” include any agreements or

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Sharpton Fined $285K by FEC as Result of NLPC Complaint

SharptonAl Sharpton and his group, the National Action Network (NAN), have been fined $285,000 by the Federal Election Commission (FEC) for violating a host of election laws during Sharpton’s 2004 presidential campaign during which he received 2% of the Democratic primary vote.

NLPC, which filed Complaints against Sharpton on February 2, 2004 and February 6, 2004, was notified of the FEC action last week and made it public today. As NLPC Chairman Ken Boehm was quoted in the New York Post today:

We are pleased that the FEC has ruled on our Complaint and found that Sharpton ran an “off the books’ presidential campaign.

Previously, the FEC ordered Sharpton to return $100,000 in taxpayer matching funds, and denied him an additional $79,000 for which he qualified, for the 2004 campaign.

Also previously, Sharpton was fined $5,500 for late filing of disclosure documents reports as a result of a separate Complaint … Read More ➡

NLPC Is Right About Soros’ Business Ethics, Again

AFP reported on March 27:

Hungary’s financial supervisory watchdog announced Friday it had slapped a 1.6-million-euro fine on an investment fund founded by US billionaire George Soros, for manipulating the market.

Soros and NLPC President Peter Flaherty have clashed over Soros’ business ethics. During October 2004, Soros undertook a pro-John Kerry media and speaking tour. NLPC trailed Soros with its own “Soros Truth Squad.”

In Harrisburg, Pennsylvania on October 21, Flaherty asked Soros how he could come to Pennsylvania, “where corporate scandals have cost people their jobs,” to tell working people how to vote in light of his conviction for insider trading in France.

Soros denied that he was convicted, and instead attacked NLPC as “Orwellian.” Flaherty followed up by asking why Soros had been fined $2 million, if he had not been convicted. Soros claimed he had not been fined.

Soros apparently misled the media and the audience of … Read More ➡

The Blagojevich Corrupt Sausage Factory

Welcome to IL billboardPajamasMedia.com has published an opinion piece by NLPC Chairman Ken Boehm, which asserts,

Simply put, Governor Blagojevich became a golden goose of opportunity for well-connected businessmen in the state who were apparently willing to “buy” the governor’s unwavering personal attention for their pet legislative causes.  And while Patrick Quinn, Illinois’ new governor, remarked last week that “everybody knows we’ve had a tough eight weeks, but it’s over,” it’s not.  Springfield must now work overtime to unravel the mess the ex-governor and his well-connected business friends created, or Illinois will rightly deserve its reputation as the most corrupt state in the country.

On February 2, NLPC released an in-depth analysis of financial contributions made to Blagojevich’s campaigns from horse race track owner John Johnston and other Johnston-owned or affiliated interests. The analysis demonstrated that previous accounts of Johnston contributions to Blagojevich by the Wall Street Journal and other publications greatly … Read More ➡