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.
The “woke”NBA – whose players (with few exceptions) wouldn’t stand for the Star-Spangled Banner but do stand human rights abuses in China – had a bumpy reopening last week following this year’s shutdown due to COVID-19.
So did one of its top broadcast partners, ESPN.
As Breitbart (aggregating reports from Outkick.com and The Athletic) reported on Sunday, NBA/ESPN saw its television ratings drop on Friday night following the numbers the league saw on the night of its return from dormancy on Thursday. The sports-starved American public apparently doesn’t have an appetite for millionaire athletes complaining about “systemic racism” while they kneel for the National Anthem and at the same time refuse to decry human rights abuses by the communist Chinese.
Meanwhile ESPN reported about the NBA’s involvement with a training academy in the Chinese province of Xinjiang, where millions of Uigher Muslims … Read More ➡
Apparently true to its word – or at least virtue-signaling a head fake in that direction – mega-investor BlackRock put some companies in its portfolio on notice that their efforts to address transparency and mitigation regarding “climate change” are insufficient.
The $6.5 trillion firm announced earlier this week in a report that it had warned 244 of those companies that they insufficiently address climate concerns, and that it had voted against resolutions and directors at 53 of them because of those shortcomings. It warned the other 191 companies they “risk voting action in 2021 if they do not make substantial progress,” according to the Financial Times.
BlackRock first announced its plans to increase scrutiny of its investments, with regard to climate, in January.
Some of the names on BlackRock’s naughty list include fossil fuel-concentrated industries like ExxonMobil, Volvo, Daimler, and coal company Peabody Energy.
That would be the race-stoking groups whose focus is to divide Americans according to color, gender and religion. They all practice intimidating, coercive tactics to force compliance with their demands, which always align with a radical progressive agenda.
The company that disappointed them — surprisingly — is Facebook. Top executives, including CEO Mark Zuckerberg, met with groups like the NAACP, Color of Change, and the Anti-Defamation League to discuss whether the company would submit to their ultimatums – with their nebulously-defined demand to “stop hate speech” as their theme.
The organizations marched into the online virtual boardroom of the social media giant under the umbrella of one of those collaborative-sounding names that make them sound bigger than they are – this one is called “Stop Hate for Profit.” They would be more appropriately called “Stop Donald Trump.”… Read More ➡
Evidence of that – which had built up for weeks – turned into a flood over the last ten days.
What had been a quiet trend of sign-ups by publicly known conservatives – including many elected officials – turned into an out-and-out campaign to urge followers to join them in social media alternative platform Parler (originally “Par-lay” per the French spelling; apparently the English literal pronunciation is acceptable now too). According to report by Business Insider, tech data trackers said Parler reached No. 2 for Top News apps on the App Store.
“According to data Sensor Tower has provided to Business Insider, Parler has seen a 246% increase in US downloads this week compared with a week prior,” the site … Read More ➡
Following an effort by National Legal and Policy Center to urge the world’s largest investment firm to divest its customers’ money from 137 companies based in communist China, two Senators have also turned up the pressure.
In a letter dated Monday, Republican Sens. Martha McSally and Kevin Cramer – of Arizona and North Dakota, respectively – asked BlackRock CEO Larry Fink to explain apparent inconsistencies in the company’s approach to managing its funds. Specifically, the senators wanted to know why BlackRock’s U.S. investments are held to a higher standard as it pertains to appeasing activist investors with a progressive agenda, as opposed to its holdings in foreign companies that do not comply with minimal legal and auditing standards.
Fink has led his firm into the decision-making of the U.S. companies where BlackRock has its investments, voting “on 18,758 shareholder proposals and participated in 2,269 shareholder … Read More ➡
Following the death of George Floyd at the hands of an out-of-control Minneapolis police officer, and demonstrations mixed with riots across the country, many American corporations weighed in with official statements or financial support for causes – or both.
Unfortunately the involvement of some put them more on the side of divisiveness than unity, at a time when the country needs the latter the most.
Ultimately many of the companies and/or their top-ranking officers got behind (again) the dubious narrative that there is “systemic racism” in law enforcement, and that minorities are disproportionately treated as suspects – or singled out for violent police tactics – more than whites. As Manhattan Institute fellow Heather Mac Donald and former US Attorney Andrew McCarthy explained earlier this week, citing very convincing statistics, the idea there is structural bias in policing is a myth.
Twitter has twice muted the voice of prolifically tweeting President Donald Trump with a “fact-check” and another shielded post where he allegedly “glorified” violence against the thuggish rioters in Minneapolis (which he didn’t).
But groups and individuals who identify with Antifa, the anarchists who agitate for violence and destruction — most recently following the excessive police force death of George Floyd in Minneapolis — have been allowed to spread their destructive messages on Twitter.
Sure, the platform suspended the account of one such group, but dozens — if not hundreds — more spout their disruptive anarchist garbage on the site, provoking followers to violent resistance against authorities.
You may not threaten violence against an individual or a group of people. We also prohibit the glorification of violence. Learn more about our violent threat and glorification of violence policies…You may not threaten or
Twitter has now tried to censor the President of the United States, dropping any pretense of neutrality. On issues of race, Twitter’s neutrality was always a myth anyway.
As the National Legal and Policy Center criticized, Twitter and its CEO Jack Dorsey embraced Black Lives Matter in 2014 at a time when its activists were cheering on, or rationalizing away, the murder of police officers.
Dorsey even unveiled a #blacklivesmatter wall painting at company headquarters. He was photographed with BLM activist DeRay McKesson, both clenching fists.
Clenched fists are not symbols of neutrality, or even of the weak confronting the strong. Instead, clenched fists are meant to threaten and intimidate.
In 2015, McKesson defended looting as a legitimate form of political protest in a talk at Yale University. McKesson ran for mayor of burned-out Baltimore and got 2.6%, but he was much more popular in Silicon Valley … Read More ➡
The Wall Street Journal today published this letter from NLPC Chairman Peter Flaherty:
Pity the situation of BlackRock CEO Larry Fink, who finds himself being mau-maued by green activists at his annual stockholder meeting for not doing enough to disinvest from fossil-fuel companies.
One way he can expiate his sins is to disinvest in the 153 China-owned or controlled companies as our organization recently called on him to do. Besides covering up the pandemic spread in Wuhan, Communist China is a major human-rights abuser, “re-educating” Muslim Uighurs in prison camps, conducting digital surveillance of its citizens and cracking down on pro-democracy protesters in Hong Kong.
Apparently, neither Mr. Fink’s idea of moral and socially responsible investing nor that of his so-called “progressive” critics takes into account these human-rights issues. The sixth circle of Dante’s hell punishes hypocrisy.
President Trump said this morning in a Fox Business interview with Maria Bartiromo that he is “looking at” the question of Chinese companies listed on American exchanges. His comment came a day after National Legal and Policy Centerasked the CEO of BlackRock, the world’s largest asset manager, to divest its customers’ holdings in 137 Chinese companies listed on American stock exchanges.
Earlier this week, agencies of the United States government took a similar step. The Federal Retirement Thrift Investment Board, which manages retirement savings for government employees and military, announced that it would freeze its plan to invest in Chinese stocks this year. The decision came at the urging of officials in the Trump administration and from members of Congress, who do not want to see the communist nation rewarded with American investments following its mishandling and cover-up of the release … Read More ➡