@YaleSOM
Lester Crown Professor in Practice of Management, Founder of Yale Chief Executive Leadership Institute (CELI)
jeffrey.sonnenfeld.celi
@yale
.edu
We are continuing to update our list of almost 300 companies that have retreated from Russia - but 40 companies (and maybe more) have not. YOUR voice has made a difference - get in touch if you have a tip for us to look into!
@YaleSOM
Don't be fooled by Prigozhin-Putin "deal" - this is the start of Putin's final downfall and the emperor is now naked. My latest in
@ForeignPolicy
- with
@Billbrowder
and
@JonHuntsman
"Some Western businesses refuse to quit a country whose soldiers are apparently executing Ukrainian civilians. If the companies won’t boycott Russia, boycott the companies." - with Steven Tian in today's
@nytopinion
@YaleSOM
@nytimes
Just out in
@FortuneMagazine
debunking misleading
@nytimes
report that businesses exiting Russia helps Putin. The business retreat is crippling Putin, period. With my heroic friends from
@SelfSanctions
This is horrific. Putin has abducted and arrested
WSJ journalist Evan Gershkovich for merely telling the truth about how Russia's economy is imploding - as my team has been tracking for months now. He must be freed immediately.
Breaking News: The Russian authorities said they had detained Evan Gershkovich, an American reporter for The Wall Street Journal, accusing him of espionage.
Just out today in
@TIME
-- $787.5 million Fox-Dominion settlement just the beginning of Fox and Rupert Murdoch's long nightmare - we are just getting started
The world economy no longer needs Russia. Russia is now economically irrelevant, global companies have moved on, and supply chains have pivoted away and replaced Russian commodities. All thanks to Putin.
Our
@YaleSOM
experts, researchers, and students work around the clock to keep our list of companies leaving/staying in Russia current and accurate. If you know of a company still doing business-as-usual in Russia - we want to hear from YOU. Email or @
We've refined our list of companies leaving/remaining in Russia to distinguish between genuine principled stands vs. pretenders who continue to do business in Russia - in
@FortuneMagazine
with Steven Tian
@YaleSOM
With
@AshaRangappa_
and Steven Tian in
@TIME
- three leaks (Teixeira, Edward Snowden, Chelsea Manning) in a decade is three times too many --- if this is military intelligence, what is military stupidity?
Since Putin's invasion of Ukraine, 200+ companies have announced they are withdrawing from Russia in protest.
Nevertheless, some companies have continued to operate in Russia undeterred; we identified 30 w/ significant exposure to Russian markets.
Bullies thrive when they see weakness. Bob Iger’s predecessor Bob Chapek unwittingly provided that opportunity and DeSantis pounced. But Iger is showing how you fight fire with fire. My latest on
@TIME
on how
@RobertIger
is humiliating
@RonDeSantisFL
"In Trump’s behavior, there appears an extension of his lifelong worship of Norman Vincent Peale’s theology of success through denial of failures."
Secluded and deluded: Trump’s post-election actions show a mad-monarch mindset
Will be on
@CNN
with
@Acosta
at 8:25 ET tonight to discuss how Congress dropping support for Ukraine from the spending bill is a win for Putin.
@YaleSOM
David - what a terrific segment and it was an honor to be on with you. You were magnificently insightful and I could not agree more - Deripaska would not have been so forthright if there was not a gathering storm of Putin resistance. You are changing the narrative. Jeff
"[He's] watched this split grow in recent years, and has heard it from CEOs he knows and works with. What the GOP cares about and what major businesses care about are increasingly incompatible."
The GOP-Big Business Divorce Goes Deeper Than You Think
@DavidJRichardss
@AlexandraChalup
@SergiyKyslytsya
It is a matter of fact that the letter of intention of Yeltsin dated 24 December 1991 has never been even discussed in the UN. This fact is reflected by the UNSC itself in its report to UNGA and other research -
On Nov. 6, more than two dozen CEOs of major U.S. corporations took part in a video conference to discuss what to do if Trump refuses to leave office.
Top CEOs met to plan response to Trump’s election denial
Honored to partner with my courageous friend
@SergiyKyslytsya
to call attention to an under-appreciated challenge - Russia and Putin are scheduled to become the UN Security Council President next month.
Just out today in
@FortuneMagazine
- smoke and mirrors - I’ve been debating Vivek Ramaswamy for 2 years. Here’s how I got past his diversionary tactics….
Just out in TIME with Senator Richard Blumenthal and Ambassador Jon Huntsman -- Just say NO and Veto Putin From Taking Over U.N. Security Council in four days - with bipartisan support
@YaleSOM
(FT) - EY has axed its 4,700-person business in Russia, becoming the third of the Big Four accounting firms to announce a divorce from its operations in the country since the invasion of Ukraine.
(cc:
@JeffSonnenfeld
)
I was honored to help co-host a special town hall on Ukraine on the one-year anniversary of Putin's tragic invasion with
@SenBlumenthal
@usov_ua
@olenalennon
and Alex Kuzma last night at
@YaleSOM
. An inspiring, candid, moving discussion.
Every hour, we are continuing to update our authoritative list of the 220+ major companies that have curtailed their Russian operations (and the 35 that remain).
The link below automatically refreshes with the most recent version.
@YaleSOM
Honored to host President
@ZelenskyyUa
for Q&A with 150 top CEOs at the
@YaleSOM
CEO Summit...today at 9 AM EST to be live-streamed on
@CNBC
and on-site coverage by
@SaraEisen
If you are around New Haven, CT, you are invited to join me,
@SenBlumenthal
and others for an interactive town hall at
@YaleSOM
to discuss the one-year anniversary of Putin's invasion and the path ahead 2/23 night at 6:30 PM. All are welcome!
"...Executives who stayed silent on voting rights had been 'seriously misadvised by cautious legal and public relations advisers'."
US companies heed plea to join voting rights battle
@Kasparov63
Thanks Garry. There is not only nobody smarter than you on Putin and nobody who understands Putin’s bad hand at the chess board better than you, but also nobody who speaks with your moral clarity.
"Corporate America had been supportive of Biden in the run-up to the election. A survey of CEOs conducted by the Yale School of Management in late September found that 77% of participants would vote for Biden. More than 60% predicted he would win."
Glad to see
@IMFNews
@KGeorgieva
changing their tune on Russian economy - will they withdraw their unreasonable POSITIVE GDP GROWTH forecast now? Everyone else - World Bank, OECD, Goldman Sachs, Morgan Stanley + even the Bank of Russia, has negative Russia GDP contraction this yr
IMF managing director Kristalina Georgieva told CNN that Russia’s economy would suffer over time as workers emigrated and access to technology was cut off, and as sanctions on its vast energy industry took a toll
Corporate donations to Ted Cruz, Josh Hawley, and other Jan. 6 election objectors have plummeted, and individual donors are Congress’s biggest fundraising force
Super productive discussion with the brilliant team led by
@Mylovanov
@Nataliia_Shapo
. We are grateful for close partnership between our teams
@Yale
and
@kse_ua
moving fwd to continue the crucial impact of our lists of companies doing business in Russia!
With McCarthy removed, the House should pass bipartisan Ukraine funding immediately. With no permanent Speaker, no leader’s job is at risk and no reason to fear far right agitators. Interim Speaker
@PatrickMcHenry
has enough D + R votes to fund Ukraine.
G7 oil price caps on Russian oil could not be working better thanks to leadership of
@SecYellen
@AsstSecEcon
and
@USTreasury
colleagues. Dramatically reducing Putin’s profits on oil sales without driving oil prices up for US consumers.
Assessing the two goals of the price cap policy two months since implementation:
✅ Russian oil revenues plummeting
✅ Global energy markets remain well-supplied
Congratulations again
@SullyCNBC
Max and the whole team on your successful launch of
@LastCallCNBC
. Here is my segment tonight discussing Putin's unacceptable detention of Evan Gershkovich
The KSE-Yale partnership thrives with scholarly collaboration and genuine personal friendship. It was great of
@Mylovanov
+
@Nataliia_Shapo
to join faculty, staff, and students, including Ukrainian students at Yale, to discuss your heroic work building
@kse_ua
and
@SelfSanctions
@AVindman
@SenBlumenthal
@JonHuntsman
@UN
Col. Vindman - you continually show your brilliance, valor and patriotism in and out of uniform. You are a genuine national hero and we see honored by your endorsements.
Thanks so much Professor Tribe. You are the ultimate Constitutional law scholar with unsurpassed erudition and eloquence. Your invocation of John Marshall's defense of non-lawyers addressing Constitutional governance with your endorsement gives this piece a hope of authority .
President Zelensky's Q&A session with 150 top CEOs at the Yale CEO Summit this week can be viewed here:
We were honored that President Zelensky took over an hour to hold one of his first interactive Q&A sessions since the start of the Russian invasion.
No, Putin is Not One Of This Year's 'Winners'.
The recent surge in news and opinion stories about how Putin is 'winning' is simply not supported by any facts.
Out today in
@ForeignPolicy
Out today in
@TIME
-- our age of cynicism and false cynicism over age are the only things detracting from President Biden's historic triumphs and accomplishments.
1,000+ global companies have pulled out of Russia - leaving Russia an isolated economic afterthought. The companies that remain should leave immediately.
Plus, those later aggressor nations were NOT invaders at time of their Sec Council rotation, but they were at least legitimate ratified UN members, unlike the interloper nation Russia.
Let me refresh Monsieur Araud & everyone’s memory, Iraq wasn’t a Security Council member neither when it invaded Kuwait nor when Saddam Hussein was Iraq’s president. Last time Iraq was on the Council’s in 1974-75. Twitting off the top of one’s head can be treacherous. No offense!
"It would be a gross violation of Tesla’s code of business ethics if Elon Musk's affair with a subordinate began while they were at Tesla together, says Jeffrey Sonnenfeld, who added the affair represents “poor judgment in management conduct.”
On
@CNN
-- I join
@ErinBurnett
to discuss what Fox-heads will roll next after Tucker Carlson's unceremonial exit this week and in the aftermath of Fox's record $787.5 million settlement
I want to thank Judge Michael Luttig, Harvard's Professor Laurence Tribe, Professor Anjani Jain, and Just Security editor Ryan Goodman for their insight and encouragement! Jeff
New and special essay by
@JeffSonnenfeld
"The Republican Party and its most active voters may nominate a candidate who is – as a matter of law – simply ineligible to become president."
Congratulations Chris K. and
@michaelgonda
on getting to the right place.
@McDonaldsCorp
has always been an icon of principled American business - and it's great to see that fortified during these tragic times.
In a message shared to employees and franchisees, CEO Chris Kempczinski shared that McDonald's will temporarily close all restaurants and pause all operations in Russia. Click to read the message in its entirety.
CEOs of America's largest companies are standing strong with Israel and condemning antisemitism and Hamas atrocities. They deserve some kudos. My latest in
@FortuneMagazine
Judge - You are a national treasure! Your wisdom, eloquence, and courage are priceless. Thanks for your guidance of a non-lawyer through these waters and for your generous endorsement! Jeff
Colleges should hold students accountable for their antisemitic words and deeds. CEOs are standing strong with Israel but universities are dropping the ball. My take on
@MSNBC
@11thHour
David - your global governance insight, integrity and boldness are in rarified air. I am honored by your eloquent showcasing. Thanks for having me
@deepstateradio
for an insightful discussion today with
@djrothkopf
,
@brooks_rosa
and
@EdwardGLuce
A prevailing myth is that Biden Admin and western sanctions against Russia are not working. It's another Putin lie. They are biting hard, Russia is struggling and
@JeffSonnenfeld
has the receipts to prove it. Eye-opening, important discussion. Don't miss it.
The Yale Chief Executive Leadership Institute Presents Andrew Hamilton of New York University with the Legend in Leadership Award at our Higher Education Leadership Summit this morning:
On emergency call Friday morning, 30 Fortune 100 leaders discussed what role they might play in encouraging a peaceful transfer of power.
CEOs Voice Concerns In Election Aftermath
WSJ -- "More than 1,000 multinational companies have left or substantially curtailed operations in Russia, according to the Yale Chief Executive Leadership Institute, which has compiled a database of the corporate exodus since the beginning of the war"
A comparison of FL and CT governors in their contrasting approach to the resurgence of the coronavirus reveals the consequential potential of individual leaders.
A tale of two governors: COVID outcomes in FL and CT show that leadership matters
Today’s OPEC cut is being overhyped by doomsday energy analysts - who have been consistently very wrong over the last year as energy prices are plummeting. Here’a why energy industry “experts” are so often wrong —
Looking forward to coming on
@11thHour
with
@SRuhle
on
@MSNBC
tonight to discuss this and much more. See our updated list of companies that remain in Russia, as well as the 300 that have pulled out:
With all the big companies pulling out of Russia, After talking to
@JeffSonnenfeld
- I'm shocked to hear about so many that are staying put.
#followthemoney
78 CEOS are sticking with their pledge to withhold campaign contributions to the 147 GOP lawmakers who refused to certify the election results. But that's only a small fraction of their funds. Why hasn't any other sector followed suit?
"Sonnenfeld... [has] joined the board of the CERC, a nonprofit corporation that has teamed up with the state’s Department of Economic and Community Development to improve the state’s business climate." Lamont adds to corporate influence with heavy hitters.