Companies that exited Russia after its invasion of Ukraine are being rewarded with outsize stock-market returns, Yale study finds — and those that stayed are not – MarketWatch

The almost 1,000 companies that have opted to pull out of Russia following its unprovoked invasion of Ukraine are not just benefiting from a reputational boost. They are also being rewarded by financial markets, while those who remain behind are being punished.That’s according to a new report from Yale Professor Jeffrey Sonnenfeld and his research…

Larry Fink Is Wrong About the Impact of the Russian Invasion on Globalization

In his annual letter to shareholders, Blackrock’s Larry Fink says that the response of the business community to Russia’s invasion of Ukraine signals “an end to globalization.” He’s wrong. It’s just the opposite. He writes: The Russian invasion of Ukraine has put an end to the globalization we have experienced over the last three decades….

Kochs Insist on Keeping Russian Operations — Judd Legum

On Wednesday morning, Popular Information exposed how pundits and groups backed by Charles Koch were publicly advocating against economic sanctions on Russia — without disclosing their ties to Koch.  On Wednesday afternoon, Koch Industries finally spoke. It released a public statement from Koch Industries’ COO, Dave Robertson. The statement confirmed that Koch Industries was still…

How Should Public Corporations Respond to Russia?

Russian troops are invading Ukraine. Many world leaders have taken quick action to respond. At the UN, 141 countries voted in favor of a resolution reaffirming Ukrainian sovereignty, independence and territorial integrity. U.S. Ambassador to the UN Linda Thomas-Greenfield protested to her Israeli counterpart over Israel’s refusal to join 87 countries in backing a U.S.-led resolution…

No More Big Macs and Coca-Cola for Putin as More U.S. Companies Ditch Russia

Coca-Cola joined McDonald’s on Tuesday in announcing that they were temporarily suspending business in Russia over the country’s unprovoked invasion of Ukraine. “Our hearts are with the people who are enduring unconscionable effects from these tragic events in Ukraine,” The Coca-Cola Company said in a brief statement. McDonald’s said it would temporarily shutter 850 restaurants…