CORPORATE INTEGRITY PROJECT
NLPC promotes 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 the following:
- 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 corporate giving to groups hostile to a free economy.
#WeToldYouSo: Meta Loses Child Safety Case in $567M Verdict Against Social Media
Pollution does not stay inside the factory that makes it. That was the comparison Judge Bryan Biedscheid used on Thursday when he ordered Meta Platforms to pay New Mexico $567 million and found that the damage its platforms do to children spills out onto families,...
Kempczinski Got a Raise; McDonald’s U.S. President Gets the Boot
When McDonald's U.S. business disappoints, someone answers for it. In the second quarter of 2026, that someone was Joe Erlinger. McDonald's beat Wall Street's earnings expectations Tuesday — adjusted EPS of $3.38 topped the $3.32 forecast — but the underlying U.S....
Dominion Energy’s Offshore Wind Cost Overruns & Delays Just Keep Coming
The Coastal Virginia Offshore Wind project was supposed to cost $7.8 billion. It has now reached $11.7 billion — and Dominion Energy Chairman/CEO Robert Blue (pictured above) says shareholders and ratepayers should feel good about it. When the Virginia-based utility...
Musk Settles GARM Case; SEC Can’t Explain Its Own Disney Ruling
Elon Musk's X and the World Federation of Advertisers ended their fight Wednesday, and the trade group put a promise in writing: it will not form or restart the Global Alliance for Responsible Media, or any initiative like it. The joint statement also has WFA...
Fauci’s Diaries Gut the Covid Narrative That Facebook Enforced and NLPC Fought
Two dates tell the story of what happened to the American Covid debate. The first is Feb. 1, 2020. Dr. Anthony Fauci (pictured above) met that day with a dozen prominent virologists, and according to the private journals Sen. Rand Paul released over the weekend, two...
SEC Chairman Atkins to Corporate America: You Aren’t Silencing Shareowners Fast Enough
(Part Two of two — read Part One here) The most important sentence in Paul Atkins's July 9 speech to corporate lawyers in Nashville never made it into the speech. It sits in footnote 13. More than 150 questions went in the trash — and he wanted more Some background a...
SEC Chairman Atkins Wants Buck to Stop Where Shareholders Can’t Reach It
(Part One of two --- read Part Two here) Earlier this month Securities and Exchange Commission Chairman Paul Atkins (pictured above) was welcomed to Nashville at the National Conference of the Society for Corporate Governance. Based on his remarks, his reception by...
Roberts Said M&A Was ‘Absolutely Not’ a Factor, Then Comcast Started Dealing
On June 29, when Comcast Corporation announced it would spin off NBCUniversal and Sky into a separate publicly-traded company, Chairman and Co-Chief Executive Officer Brian Roberts was asked whether future M&A had factored into the corporate design. His answer was...
UPDATED: American Airlines CEO Went to CNBC Before Thursday’s Earnings; Now We Know Why
UPDATE, JULY 24, 2026: American Airlines reported second-quarter 2026 earnings Thursday morning, and the results confirmed why CEO Robert Isom went to CNBC first. The airline posted record quarterly revenue of $16.74 billion — but GAAP net income of just $71 million,...
Delta CEO Ed Bastian Rewrote His NRA Story for a Business Partner
On July 1, Delta Air Lines announced that passengers signing onto its onboard Wi-Fi would get free access to the Wall Street Journal. Trade press reported a multi-year arrangement that also hands full digital subscriptions to Delta's global workforce. Six days later,...
General Motors Earns a Victory Lap, But the EV Bill Keeps Coming Due
Credit where it is due: General Motors had a strong second quarter, and management deserves to say so. The company posted record quarterly revenue of $48 billion, grew adjusted operating profit nearly 30 percent, beat Wall Street's earnings estimate handily, and...
Atkins Builds His SEC From the Law Firm That Fights Shareholders
Paul Atkins is turning the Securities and Exchange Commission into a Gibson Dunn annex. Since taking over the agency in April 2025, the chairman has handed three senior posts to lawyers who came from Gibson, Dunn & Crutcher — the firm corporations turn to when...
McDonald’s Stock in Bear Market; Shareholders Who Rejected Board Oversight Watch Losses Mount
Nearly two months after McDonald's shareholders voted on NLPC's proposal to require an independent Board Chair, the company's stock tells a story the Board would rather not discuss. McDonald's is down 12 percent year-to-date — more than 20 percent from its March...
NLPC Sues Atkins’s SEC Over Yearlong FOIA Stonewall
EDITOR'S NOTE: Bloomberg Law (paywall) covered the filing of NLPC's lawsuit on Thursday. ORIGINAL POST: NLPC sued the Securities and Exchange Commission in federal court on Wednesday, escalating a twelve-month attempt to force the agency to produce records it has...
#WeToldYouSo: Big Banks Fled Net Zero Alliance but Kept Its Broken Yardstick
Three years ago, NLPC told America's largest banks that their climate commitments rested on a fantasy. In 2023 exempt solicitations circulated to investors at Bank of America, Goldman Sachs, JPMorgan Chase, Citigroup, and Wells Fargo, NLPC warned that the banks'...
Trump Cracked Down on Illegal Immigrant Banking; His SEC Let Wells Fargo Off the Hook
Start with two dates. On February 20, 2025, the Sinaloa Cartel, the Gulf Cartel and six other criminal syndicates officially became terrorist organizations under United States law. Any American bank that touches their money now faces sanctions and the threat of...
Combined Chair-CEO Policies Keep Executives in Place Twice as Long
New board research undercuts a claim that America's largest companies repeat every proxy season — that handing one person both the chief executive title and the board chairmanship costs shareholders nothing. The Conference Board, working with ESGAUGE, KPMG, Russell...
PepsiCo’s Laguarta Blames Gas Prices; Coca-Cola Didn’t Get the Memo
Six months ago, the narrative around PepsiCo was that the hard medicine was working. Activist investor Elliott Management had forced a restructuring plan in December 2025, and by Q1 2026 there were early signs of life — organic revenue ticking up, North American snack...
Larry Ellison’s $45 Billion Hollywood Bet Puts Oracle Shareholders at Risk
Just before Christmas, Larry Ellison (pictured above) rescued his son. Warner Bros. Discovery's board had rejected David Ellison's Paramount Skydance in favor of a Netflix offer, branding Paramount's financing "illusory." The Oracle founder — then among the three...
Comcast’s $8.6 Billion Sky Writedown Foreshadows Brian Roberts’s Next Divestiture
In the third quarter of 2022, Comcast recorded an $8.6 billion noncash impairment charge against the goodwill and intangible assets of its Sky segment. That impairment — the largest single writedown in Comcast Corporation history — was attributed to "an increased...
Roberts Unwinds Roberts: Comcast Concedes, Governance Problem is Tripled
On Sunday, Comcast Corporation announced the breakup of the most ambitious media conglomerate of the past quarter-century — the very conglomerate Chairman and Co-Chief Executive Officer Brian Roberts spent fifteen years assembling. NBCUniversal and Sky will be spun...