Latest News From The Free Enterprise Project

About The Free Enterprise Project

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.

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.

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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

Dobbs digging

With Knee-Jerk Dobbs Responses, Woke CEOs Keep On Digging

Woke CEOs build traps for themselves, and then fall right into them, with such regularity that even the venerable Wile E. Coyote has begun to look away in embarrassment. The Dobbs decision has provided the most recent needless-risk creation opportunity. Despite New York Times assertions to the contrary, the Dobbs decision did not ban or restrict access ...
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school choice private school

Lawful Workplace Diversity Requires Full School Choice

Big news from the United States Supreme Court this week. No, not that news. Rather, the decision in Carson v. Makin that struck down Blaine Amendments and their progeny as violations of the Free Exercise Clause of the First Amendment of the U.S. Constitution. Though the three leftist judges dissented, this ...
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Joe Scarborough MSNBC media bias

Too Few People Want What Joe Scarborough Is Selling

However badly the one-time pillars of the American news industry misunderstand economics, they cannot escape it. The law of supply and demand, like the gods of the copybook headings, will assert itself. This is very bad news for the industry, which in turn is struggling to cope. Supply creates demand ...
READ MORE
Larry Fink BlackRock

As Larry Fink Retreats Rhetorically, His Incoherence Grows Louder

Larry Fink, the CEO of BlackRock, appears to know that his attempt to run the American economy, and to inflict his personal preferences on society from company headquarters, are at very least too obvious. And so he has been retreating from his grandest claims, at least rhetorically. His confused explanations ...
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WEF Larry Fink

It’s Past Time for Corporations to Abandon the World Economic Forum

And so, after two years of lockdowns required them to do their plotting by Zoom, the self-appointed Masters of the Universe have met again in Davos, Switzerland, presumably in a castle shaped like the skull of a vicious animal, to run our lives. That’s not hyperbole. (Well, the part about ...
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Scott Shepard

Scott Shepard,
Free Enterprise Project Director

Free Enterprise Project June 2022 Newsletter

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THEY’RE “NOT QUOTAS,” SAYS KRAFT HEINZ ABOUT DIVERSITY GOALS

They’re “not quotas,” Kraft Heinz Company executives told us, taking exception to our question.
“I don’t know what else setting percentage-based hiring goals within a particular time frame is if it’s not a quota,” says FEP’s Sarah Rehberg. READ MORE

MARRIOTT DISTANCES ITSELF FROM THE WORLD ECONOMIC FORUM AGENDA IT FUNDS

Marriott International is spending its investors’ money partnering with the controversial World Economic Forum (WEF), which advocates for transhumanism, abolishing private property and other Orwellian objectives.
Executives told us they could justify this spending, including ritzy Davos vacations for themselves, without personally agreeing with the agenda they’re funding with their shareholders’ money. READ MORE

REGRESSIVE PROGRESSIVE: PROGRESSIVE CEO INDICATES THAT A PERSON’S VIEWPOINT IS DETERMINED BY RACE AND SEX

“Centuries ago, the West figured out that the ultimate minority is the individual, and that we ought to transcend our tribal inclinations to treat each individual accordingly,” says FEP’s Ethan Peck.
“Progressive is using shareholder money to contribute toward the undoing of that centuries-old progress.” READ MORE

NORTHROP GRUMMAN WILL RECONSIDER SPONSORSHIP OF THE HUMAN RIGHTS CAMPAIGN

This spring FEP has confronted several corporate sponsors of the Human Rights Campaign, which has been lobbying against parental rights in Florida and elsewhere.
Northrop Grumman said it would reexamine that partnership.
Nordstrom had nothing but glowing things to say about HRC.
Macy’s dodged our question altogether. READ MORE

AFTER TWELVE YEARS IN DAVOS, MORGAN STANLEY CEO CLAIMS NOT TO KNOW WEF AGENDA

Do you mean to tell us that after attending a dozen World Economic Forum (WEF) meetings in Davos, Morgan Stanley CEO James Gorman still doesn’t know the agenda of the organization his company funds? That’s what he tried to tell us. READ MORE

MORE FROM THE FREE ENTERPRISE PROJECT

 SCOTT SHEPARD COMMENTARIES

FEP TOOLS FOR TAKING ACTION

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.