Latest News From The Free Enterprise Project

Costco Opposes FEP’s Call for More Transparency Over Charitable Giving

Costco Opposes FEP’s Call for More Transparency Over Charitable Giving

ConservativeBlog.org /
During the company’s annual shareholder meeting on January 20, 2022, Costco executives led the charge against FEP’s shareholder proposal seeking transparency in disclosing the company’s ...
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Free Enterprise Project Reminds CEOs of Duties to Shareholders —  Not BlackRock's Larry Fink

Free Enterprise Project Reminds CEOs of Duties to Shareholders — Not BlackRock’s Larry Fink

Press Release /
Washington, D.C. - "Larry Fink doesn’t think that you as CEO or we as shareholders are very bright, or he wouldn’t make so many glaringly ...
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Larry Fink’s 2022 Letter Takes Us Back to 1984; FEP Responds to His Preposterous Claims

Larry Fink’s 2022 Letter Takes Us Back to 1984; FEP Responds to His Preposterous Claims

ConservativeBlog.org /
In his 2022 annual letter to CEOs issued this week, BlackRock CEO Larry Fink sent an Orwellian message to corporate executives claiming that the Leftwing ...
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Why Is American Express Blocking An Audit Of Its Race-Based Staff Training?

Why Is American Express Blocking An Audit Of Its Race-Based Staff Training?

American Express pledged a whopping $1 billion to advance “social justice,” yet the company is trying to hide some of those supposed racial justice efforts ...
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About The Free Enterprise Project

Justin Danhof speaks to a national gathering of conservative and religious leaders in August 2017

Launched in 2007, the National Center for Public Policy Research’s Free Enterprise Project focuses on shareholder activism and the confluence of big government and big business. The Free Enterprise Project (FEP) is the conservative movement’s only full-service shareholder activism and education program: It files shareholder resolutions, engages corporate CEOs and board members at shareholder meetings, petitions the Securities and Exchange Commission (SEC) for interpretative guidance, and sponsors effective media campaigns to create the incentives for corporations to stay focused on their missions.

As the leading voice for conservative-minded investors, FEP annually files more than 90 percent of all right-of-center shareholder resolutions. Dozens of liberal organizations, however, annually file more than 95 percent of all policy-oriented shareholder resolutions and continue to exert undue influence over corporate America.

Topics Covered

Through the years, FEP has been a leading voice for the conservative investor on a divergent range of topics including: health care, immigration, gun rights, energy, taxes, subsidies, regulations, religious freedom, food policies, media bias, federalism, corporate free speech, ideological diversity, voter integrity, freedom of conscience, property rights, workers’ rights and other important public policy issues.

The Free Enterprise Project is also the nation’s leading program for confronting liberal shareholder activism.

Free Enterprise Project Leadership

Scott Shepard

Scott Shepard

Scott Shepard

Scott Shepard is a fellow at the National Center as well as the director of the National Center’s Free Enterprise Project, the conservative movement’s only full-service shareholder activism and education program.

Scott has taught at law schools including the Wake Forest School of Law in North Carolina and the Willamette University College of Law in Oregon. He is the author of the legal textbook Wills, Trusts and Estates in Context.

He previously served as a policy director with the Yankee Institute in Connecticut and the manager of the Water Law Project at the Pacific Legal Institute. He also has experience in government and private practice.

Scott earned his Juris Doctorate from the University of Virginia, a master’s degree from Vanderbilt University and a Bachelor of Arts degree from the University of Richmond.

 


Justin Danhof, Esq.

Justin Danhof

Justin Danhof

From 2012-2021, National Center Executive Vice President Justin Danhof, Esq,. served as the Director of the Free Enterprise Project. During that time, he filed dozens of shareholder resolutions and attended over 100 shareholder meetings carrying a sharp spear for liberty. As Wall Street Journal columnist Kimberley Strassel noted in her 2016 political bestseller, The Intimidation Game: How the Left is Silencing Free Speech, “If you’ve never been to a corporate shareholder meeting, you’ve likely never heard of Justin Danhof. If you ever have been to one, you’ll likely never forget him.” Strassel spent a full chapter in her book detailing Danhof’s shareholder activism and fight for liberty.

Mr. Danhof’s legal expertise has come in handy during the filing of shareholder resolutions.  Corporations often hire outside attorneys from the nation’s leading law firms and petition the U.S. Securities and Exchange Commission seeking to vacate our proposals. Companies often accrue six-figure legal bills fighting FEP proposals. Danhof single-handedly takes on these white-shoe law firms and regularly defeats lawyers that singly-handedly earn 30-times more per year than FEP’s entire annual budget.

In some years, Danhof has had a 66 percent success rate – a ratio that is relatively unheard of in front of the corporate-friendly judges at the SEC.

Since 2012, Danhof has participated in over 100 shareholder meetings to advance free-market ideals in health care, energy, taxes, subsidies, regulations, religious freedom, food policies, media bias, gun rights, workers’ rights and other important public policy issues.

Danhof’s work has generated a tremendous amount of media coverage.

FEP’s Top 10 Victories of 2021

FEP’s Top 10 Victories of 2020

FEP's questioning of Boeing's and General Electric's support for the Clinton Foundation helped trigger an FBI investigation into the Foundation's activities.

FEP's Employee Conscience Protection Project strengthened protections for the political beliefs and activities of over five million workers at 13 major U.S. corporations.

Just days after FEP's questioning of Disney CEO Bob Iger over biased commentary at Disney-owned ESPN generated significant media, including coverage by The Washington Post, the Los Angeles Times, Reuters, USA Today, and Fox Business, ESPN issued new guidelines for political commentary by its on-air talent.

After Danhof questioned Facebook CEO Mark Zuckerberg about the company's anti-conservative bias in its news feeds, the company changed its policy by removing humans in place of a more neutral algorithm.

Time Warner CEO Jeff Bewkes vowed to earn our trust after being chastised by FEP over CNN's proclivity for media bias and fake news. He promised to recommit to independence. Two weeks later, CNN fired three reporters involved in a false report about Anthony Scaramucci.

apple-logo

CNBC's Jim Cramer, Investor's Business Daily, and Motley Fool all questioned the wisdom of continued investment in Apple after CEO Tim Cook announced at an annual meeting that he didn't care about ``bloody ROI (return on investment).`` His statement came in response to questioning by our FEP over the company's support for regulation.

FEP personnel have been repeatedly ushered into private meetings with CEOs of some of the largest corporations in the world, such as PepsiCo.

After FEP appealed directly to then-CEO Alan Mulally to withdraw Ford from the U.S. Climate Action Partnership, a group that lobbies for stringent greenhouse gas regulations, Ford dropped its membership.

ge-logo

After FEP filed a shareholder proposal with General Electric over the company's foray into alternative energy programs, the company agreed to amend its corporate policies to only engage in green energy initiatives if the executives could identify a legitimate business purpose.

Under pressure from FEP, Google dropped its ``Renewable Energy Cheaper than Coal`` campaign and also eliminated its ``green czar`` position.

Broad Media Appeal

Since 2012, the Free Enterprise Project has generated more than 10,000 media citations.  FEP work has been cited or published by outlets such as the Wall Street Journal, the New York Times, Washington Post, the Boston Globe, the Los Angeles Times, the San Francisco, Chronicle, Dallas Morning News, USA Today, Variety, the Associated Press, Bloomberg, Drudge Report, Business Insider, Investor’s Business Daily, Time, Fortune, the Rush Limbaugh Show, National Public Radio, SiriusXM, CBS News, the Fox News Channel, the Fox Business Channel, NewsMaxTV, One America News Network and hundreds more.

 

Media Quotes

Investor’s Business Daily (April 2017)

“The National Center for Public Policy Research’s Justin Danhof once noted: ‘Corporations that cave to the left only place a bigger target on their backs.’ … Danhof has it right.”

-John Merline of Investor’s Business Daily detailing FEP’s work

Los Angeles Times (2013)

“Robert Iger faced tough questioning about alleged liberal bias at Disney-owned ABC News and ESPN… Iger conceded… “making mistakes.”

– Daniel Miller on Justin Danhof’s questioning of Disney CEO Robert Iger

Motley Fool (2013)

“I… suggest that investors refrain from buying shares of Walgreens until… [he] can provide a solid answer.

– Motley Fool’s Gene Kropowski pressing Walgreens’ CEO Greg Wasson to answer Free Enterprise Project Director Justin Danhof’s question on whether low prices or sustain- ability are the higher priority

San Francisco Chronicle (2016)

“[UC Davis professor Leticia] Saucedo thinks the Free Enterprise Project’s campaign is a good idea…”

-A labor law professor endorses our “Freedom of Conscience” shareholder proposal

Greenbiz.com

[The Free Enterprise Project] is turning the shareholder resolution process into a tool for shaming companies for taking on climate change. It’s a turnabout of the tactic long used by environmental activists…think of it as Greenpeace standing on its head.”

Washington Times

“Led by the National Center for Public Policy Research, [conservatives] are starting to imitate the liberals’ tactics by sponsoring initiatives at corporate board meetings… to act as a counterweight… [and] push conservative causes such as lower taxes and smaller government.”

Published Commentaries

Why Is American Express Blocking An Audit Of Its Race-Based Staff Training?

Why Is American Express Blocking An Audit Of Its Race-Based Staff Training?

American Express pledged a whopping $1 billion to advance “social justice,” yet the company is trying to hide some of those supposed racial justice efforts from the light of day. Recently, the company’s top lawyer petitioned the federal government seeking its permission to block the contents of American Express’s race-based employee training ...
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Woke CEOs: Power for Them, Subservience for You

Woke CEOs: Power for Them, Subservience for You

The ever-growing cadre of woke CEOs really are true believers. Not — most of them — in the racially charged socialist agenda that animates wokeness, though. Rather, their fidelity is to a future in which they star on the global stage as unelected, unanointed princelings, while the rest of us, ...
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Biden Economic Plan: Incompetence Or Malignancy?

Biden Economic Plan: Incompetence Or Malignancy?

Well, yes. I know. As the folks over at Instapundit put it: embrace the healing power of “and.” Of course they’re incompetent. The fellah from Dela is entirely non compos. Kamala Harris appears to have proven herself unqualified for a job that has no responsibilities. She is, as the old ...
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Gary Gensler’s Politicized, Biased & Rigged SEC

Gary Gensler’s Politicized, Biased & Rigged SEC

Gary Gensler, the relatively new chairman of the U.S. Securities & Exchange Commission (SEC), is reputedly a thrustingly ambitious political climber who ultimately has his eyes on Treasury, and so is using the SEC spot to audition for party leaders. He’s also without question a wild partisan of the hard left ...
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Perhaps A ‘70s Redux Is Our Best Hope

Perhaps A ‘70s Redux Is Our Best Hope

Things really are starting to look grim. Not too long ago, we had worried that the “Biden” Administration would be a Carter reprise. Now we can only hope. The obvious sign that we’re returning to the age of bellbottoms and quaaludes is the inflation rate. It’s high: 6.2 percent annualized ...
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Published Commentaries by
Justin Danhof, Esq. & Scott Shepard

Justin Danhof

Justin Danhof, Esq.

Scott Shepard

Scott Shepard

Free Enterprise Project January 2022 Newsletter

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FREE ENTERPRISE PROJECT (FEP)
TOP 10 VICTORIES OF 2021

FEP has made great strides this year against Woke Capitalism.
Please take a moment to celebrate our victories with us.

DEMAND TRANSPARENCY FROM PFIZER ABOUT THE COVID-19 VACCINE

The FDA has asked a federal judge to allow it to wait until 2076 to fully release documents tied to the approval of the Pfizer-BioNTech COVID-19 vaccine.

FEP wants to see Pfizer’s complete documentation within our lifetime. Pfizer has the ability to release this data even while the FDA is dragging its bureaucratic feet. SIGN THE PETITION

BIDEN INCOMPETENCE BY DESIGN?

“The purely incompetent can’t be this programmatically malevolent. So the latter must be working toward something.” writes FEP Director Scott Shepard.
“And what is that something? To crush the self-sufficient and independently-minded middle class. It’s long been understood that a free people must have a strong and thriving middle class.” READ MORE

FEP SEEKS TO PROTECT PENSION HOLDERS FROM LABOR RULE PUTTING LEFT-WING ACTIVIST AGENDA AHEAD OF RETIREMENT FUNDS

“Rather than protecting the future of America’s retirees, the current administration is protecting its liberal climate-change and surface characteristic agenda,” says  FEP’s Sarah Rehberg.
“With study after study showing that ESG considerations all but ensure reduced profits for pension holders, it’s inconceivable that the U.S. Department of Labor would issue a rule effectively requiring pension fund managers and their proxies to spend time researching, investing in, or otherwise voting on ESG initiatives and shareholder resolutions.” READ MORE

UTAH SPEARHEADS STATE FIGHT AGAINST LEFTWING ESG AGENDA

“May we all take some comfort this holiday season knowing there are strong state leaders out there who are unwilling to sit idly by while the federal government unleashes the Grinch to steal their citizens’ retirement funds.” READ MORE

RADICALIZING THE SEC

In his quest to be noticed, SEC Chairman Gary Gensler is noticeably making the Securities and Exchange Commission – which is supposed to protect Americans’ investments from harm – into a rubberstamp for left-wing financial schemes that can actually put investments at risk.
FEP Director Scott Shepard calls out Gensler for “consistently” making the SEC “more politicized, biased and rigged.” READ MORE

BRIAN MOYNIHAN IS HIS OWN WORST NIGHTMARE

Bank of America CEO Brian Moynihan “is a messianic menace, who has become a billionaire running a too-big-to-fail bank, and who now wants to use that bank and its owners’ and clients’ assets to constrain and diminish the lives of his guarantors (American taxpayers) while he remains a master of the universe,” writes FEP Director Scott Shepard. READ MORE

RECENT COMMENTARIES
2021 INVESTOR VALUE VOTER GUIDE
BALANCING THE BOARDROOM
Donating to FEP will provide success in our focus on shareholder activism and the confluence of big government and big business. DONATE
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FEP in the Media

FEP at Shareholder Meetings

The National Center for Public Policy Research is a communications and research foundation supportive of a strong national defense and dedicated to providing free market solutions to today’s public policy problems. We believe that the principles of a free market, individual liberty and personal responsibility provide the greatest hope for meeting the challenges facing America in the 21st century.