Corporate Integrity Project

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.

Obama Should Focus on Bank Crisis Rather Than “Fake Populism”

Posted on by NLPC Staff

NLPC President Peter Flaherty said today, “Excessive executive pay and perks are indeed a problem, as NLPC sought to highlight way before the financial meltdown. But the real scandal now is bank bailouts without end.

Citi logo

Instead of engaging in fake populism by trashing corporate travel to Las Vegas or the Super Bowl, Obama should produce a plan to deal with the banking crisis. Throwing more taxpayer money at AIG and Citigroup as they lurch from crisis to crisis is not a plan.  I am worried that by the time Obama and Timothy Geithner come up with a strategy, there will be no money left.

The tally for AIG is now $175 billion with no end in sight. AIG placed bets on derivative trades that it could not possibly pay off if it lost. This is called fraud. These bad bets were big enough to bring down the financial system. Obama … Read More ➡

Missouri Local Rigged Election, says DOL

Posted on by Michael Nelson

U.S. Dep’t of Labor filed suit Jan. 4 to overturn the Jul. 1998 election of Service Employees Int’l Union Local 50 in St. Louis because bosses allegedly rigged the nominations. DOL charges that SEIU violated federal labor laws by failing to provide timely and adequate notice of nominations, using an unreasonable nomination procedure, refusing to provide information to a challenger and failing to assure a fair election. Local 50 president Don Rudd said DOL asked Local 50 to agree to a new election, but Rudd refused because DOL sought to change the nomination process. Rudd said Local 50’s bylaws “were all approved by our international union.” But SEIU said the bylaws weren’t in question; rather their application by Local 50 was.

Ex-Local 50 president Bill Stodghill, a past and possibly future adversary of Rudd, called it “a terrible day for labor when Local 50…would adopt undemocratic procedures. Anytime the government … Read More ➡