In this report published in August 2008, Dr. Carl Horowitz analyzes ICCR’s increasingly effective tactics, and the lack of will by shortsighted executives who submit to the demands of anti-business activists. Click here or on the cover to the right to download a 32-page pdf.
ICCR is a nonprofit coalition with a claimed membership of about 275 institutional investors, most of them of a religious nature, with a combined stock portfolio of more than $110 billion. The group operates on the belief that the best way to revolutionize a publicly-traded company is to become part of it. Investor affiliates introduce proxy resolutions at shareholder meetings, as part of campaigns to alter corporate behavior on a variety of issues, especially health care.
During the 2007 spring corporate meeting season, ICCR circulated a memo urging investors to vote against an NLPC-sponsored shareholder proposal asking companies to disclose their charitable giving. Ironically, ICCR … Read More ➡
Published in 2006 and updated in 2008, “Wal-Mart Embraces Controversial Causes: Bid to Appease Liberal Interest Groups Will Likely Fail, Hurt Business” was written by NLPC Director of Policy John Carlisle. Click here or its cover to the right to download the 24-page pdf version.
The Report details Wal-Mart’s journey from a company that embodied Sam Walton’s bedrock values to a powerful instrument of the political Left. The premise of the Report, that Wal-Mart cannot successfully satisfy anti-business activists, has been confirmed during the current fight over the so-called Employee Free Choice Act. Union-funded activists continue to harass and smear the company for its opposition to “card check.”
The Report has gotten noticed. Carlisle was a guest on Neil Cavuto’s show on the Fox News Channel on February 9, 2007, apparently prompting an appearance on the same show by then-Wal-Mart CEO Lee Scott to respond. The June 9, … Read More ➡
This 48-page monograph was written by NLPC President Peter Flaherty and NLPC Director of Policy John Carlisle. First published in 2004, it was extensively updated in 2008. NLPC recently gave permission to Cengage Learning to reprint pages 18-20 in a forthcoming book titled Global Viewpoints: Slavery.
Click here or on the cover to the right to download the pdf version.
NLPC is a critic of banks that caved in to pro-reparations activists. JPMorgan Chase, Bank of America, Wachovia and now-defunct Lehman Brothers “apologized” for alleged links to slavery.
In 2007, NLPC sponsored a JPMorgan Chase shareholder proposal that addressed the issue. The resolution was presented by Deneen Borelli, a Fellow of Project 21, an African-American leadership project.
The resolution read:
Resolved: Shareholders request JPMorgan Chase & Co. management to report to shareholders by October 1, 2007, at a reasonable cost and excluding confidential information, descriptions of initiatives
… Read More ➡
Published in July 2007, the report compares “diversity training” to thought control. Click here or on the cover to the right to download the 16-page pdf version.
“Diversity training” is a term that describes a brief, but intensive program of lectures, presentation of written and audio-visual materials, and perhaps most ominously, participation in role-playing exercises, all of which are intended to heighten employee awareness of potential sources of racial and ethnic conflict. The report argues that diversity training is counterproductive and instead results in weakened company morale and increased racial resentment.
Carl F. Horowitz, director of NLPC’s Organized Labor Accountability Project and the study’s author, observes:
Even in mild form, diversity training is manipulative and abusive, creating a double standard in which blacks and other nonwhite employees can criticize or complain about whites, but whites can never answer in their own defense.
That CEOs and other corporate officials not
… Read More ➡
The American Family Association (AFA) is criticizing PepsiCo’s financial support of activist groups promoting gay marriage. PepsiCo and the PepsiCo Foundation are major funders of the Human Rights Campaign, and a group called Parents, Families and Friends of Lesbians and Gays.
AFA president Don Wildmon is asking PepsiCo to become “neutral” on the issue of gay marriage by ending support for the groups. Wildmon’s complaints echo those of NLPC, made in 2006 and 2007, of a liberal political bias in the company’s giving. At that time, NLPC objected to PepsiCo’s financial support for groups founded by Jesse Jackson and Al Sharpton.
In 2006 and 2007, NLPC sponsored shareholder proposals that would have required PepsiCo to disclose its charitable giving, and most importantly, provide a business rationale for each gift. NLPC’s interest in PepsiCo’s charitable giving is based on shareholder rights.
NLPC believes that shareholder interests are best served when … Read More ➡
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
… Read More ➡
Al Sharpton’s group, the National Action Network (NAN), held its annual convention April 1-4 in New York City. The event included NAN’s “Keepers of the Dream” award presentations. Last year, Colgate-Palmolive accepted the “corporate excellence” award, prompting NLPC to ask the company to give it back. At the Colgate-Palmolive annual shareholders’ meeting a few weeks later, I made an issue of the award, calling it a “dubious honor indeed.”
This year, no corporation was identified from the podium or in the program as getting a Keepers award. Yet, a full-page Colgate-Palmolive ad in the same program reads:
Colgate-Palmolive is honored to be named Corporation of the Year by the National Action Network at the 11th Annual Keepers of the Dream Awards.
So, did Colgate accept the award, or not?
Perhaps the company accepted the award, but did not want to be publicly identified with Sharpton at the event itself, in … Read More ➡