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☆ Moscow will reportedly block sales of Western banks to Russian firms, leaving them with no exit
▼ + stars: | 2024-10-17 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

New developments show the path for Western banks trying to exit Russia has gotten tougher. Moscow will block the sale of Western bank assets to local Russia buyers, sources told Bloomberg. Russia's government has signaled that it will block any efforts from Western banks to offload their local units to Russian-owned entities, according to Bloomberg, who cited people familiar with the matter. Given the fact that Russia has also prevented sales to foreign buyers, these Western banks appear to be stuck, with limited options available. This latest development is an expansion of the Kremlin's ongoing campaign to keep Western firms within its borders.

Persons: —, Raiffeisen Organizations: Bloomberg, Service, US, Austrian, UniCredit, Yale School of Management, Reuters Locations: Russia, Moscow, Russian, UniCredit, Abu Dhabi, Ukraine

☆ Boeing CEO Kelly Ortberg needs to change the company culture, says Yale's Gautam Mukunda
▼ + stars: | 2024-10-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBoeing CEO Kelly Ortberg needs to change the company culture, says Yale's Gautam MukundaGautam Mukunda, professor of management at the Yale School of Management, joins 'Squawk Box' to discuss the state of the machinist strike at Boeing, the challenges facing the company and CEO Kelly Ortberg, and more.

Persons: Kelly Ortberg, Yale's Gautam Mukunda Gautam Mukunda Organizations: Boeing, Yale School of Management

☆ Russia is reportedly making it more painful for businesses to leave by forcing big discounts and raising exit taxes
▼ + stars: | 2024-10-14 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Russia is reportedly tightening the screws on firms looking to exit the country. Companies looking to sell their operations will now do so at a 60% discount, sources told Bloomberg. Foreign firms that left Russia have incurred over $100 billion in losses, a Reuters analysis found. AdvertisementBusinesses trying to leave Russia are facing painful costs in the form of taxes and forced discounts, people familiar with matter told Bloomberg last week. But over 1,700 foreign companies continue to operate in the nation, according to data compiled by the Leave Russia project.

Persons: — Organizations: Companies, Bloomberg, Service, Shell, HSBC, Yale School of Management Locations: Russia, Moscow, Ukraine

Their employment rate is also slightly lower than women in their early 20s. "This smaller share reflects the fact that, within marriages, mothers are still more likely than fathers to specialize in child care," the Fed noted. Today, 26% of mothers are stay-at-home parents, compared with just 7% of fathers, according to a separate Pew study from August. Mothers working full time and year-round outside the home rarely recoup the lost wages, which add up to $20,000 a year, on average. Working moms are making just 71 cents for every dollar paid to fathers, according to an analysis of Census data by the National Women's Law Center.

Persons: Kelly Shue Organizations: Federal Reserve, Pew Research Center, Yale School of Management, CNBC's, National Women's Law

☆ The money you forfeit when you cash out of your 401(k) can be staggering
▼ + stars: | 2024-10-09 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +5 min

CNN —When you quit your job, one of the biggest decisions you’ll have to make is what to do about the money in your retirement account if you’ve been saving in your company’s 401(k). Roll it over to another tax-deferred retirement account such as an IRA or the 401(k) at your new job. While a majority of 401(k) participants who switch jobs choose the first or second option, a large minority cash out, according to recent studies. Here’s why: The features of a 401(k) plan may differ from employer to employer. While many now auto enroll employees in the plan, the default savings rate coming out of your paycheck may differ.

Persons: you’ve, Robert Persichitte, Tom O’Saben, she’ll, “, ”, Paul Brahim, — Organizations: CNN, Vanguard Investments, Yale School of Management, National Association of Tax, Financial, Association, Vanguard, ” Vanguard Locations: New York City, Los Angeles, Colorado

☆ A 'gender promotion gap' fuels wealth inequality between men and women, Yale professor says
▼ + stars: | 2024-09-25 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

PeopleImagesProgress toward narrowing the gender pay gap has mostly stalled, in part due to something researchers call the "gender promotion gap." Women are about 13% less likely to be promoted than men, according to Shue's research. That imbalance is a major driver in the persistent income inequality between men and women, she said. About 70% of the gender wage gap is due to women occupying different positions compared to men, according to Shue. But even when men and women occupy the same position, women are paid less, she added.

Persons: Kelly Shue, Shue, Lean Organizations: Yale School of Management, CNBC's, Census, National Women's Law, Lean, McKinsey Locations: America

☆ Yale's Natasha Sarin on Trump vs. Harris' tax policies: One is fiscally responsible, the other isn't
▼ + stars: | 2024-09-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailYale's Natasha Sarin on Trump vs. Harris' tax policies: One is fiscally responsible, the other isn'tRohit Kumar, PWC Washington National Tax Services co-leader, and Natasha Sarin, Yale Law School and Yale School of Management professor, join 'Squawk Box' to discuss the economic agendas of former President Trump and Vice President Harris, comparing both candidates' tax proposals, and more.

Persons: Natasha, Harris, Rohit Kumar, PWC, Natasha Sarin, Trump Organizations: Trump, PWC Washington National Tax Services, Yale Law School, Yale School of Management Locations: PWC Washington

☆ Brian Niccol can't overpromise as new Starbucks CEO, says Yale's Jeff Sonnenfeld
▼ + stars: | 2024-08-13 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBrian Niccol can't overpromise as new Starbucks CEO, says Yale's Jeff SonnenfeldJeff Sonnenfeld, Yale School of Management, joins 'Power Lunch' to discuss Starbucks CEO shakeup that drove the companies shares up.

Persons: Brian Niccol, Jeff Sonnenfeld Jeff Sonnenfeld Organizations: Starbucks, Yale School of Management

☆ Watch CNBC’s full interview with Yale's Jeff Sonnenfeld
▼ + stars: | 2024-08-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Yale's Jeff SonnenfeldJeff Sonnenfeld, Yale School of Management, joins 'Power Lunch' to discuss Starbucks CEO shakeup that drove the companies shares up.

Persons: Yale's Jeff Sonnenfeld Jeff Sonnenfeld Organizations: Yale School of Management

☆ Endowment tax in focus: Here's what to know
▼ + stars: | 2024-08-08 | by ( Robert Frank | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEndowment tax in focus: Here's what to knowCNBC's Robert Frank, Natasha Sarin, Yale Law School and Yale School of Management professor and former Treasury Department official, and William Trachman, Mountain States Legal Foundation general counsel and former Trump education department appointee, join 'Squawk Box' to discuss JD Vance's plan to tax university endowments, how much revenue the tax would raise, and more.

Persons: CNBC's Robert Frank, Natasha Sarin, William Trachman, JD Organizations: Yale Law School, Yale School of Management, Treasury Department, States Legal Foundation, Trump Locations: States

☆ Why the gender pay gap has barely budged in decades, according to new Yale research
▼ + stars: | 2024-07-30 | by ( Jennifer Liu | ) www.cnbc.com time to read: +2 min

New research from Yale indicates that while the gender pay gap has been closing for decades, progress has nearly stalled since the mid-1990s — and women aren't benefiting from the incremental improvements. That's according to a working paper led by Jaime Arellano-Bover, a lecturer of economics at the Yale School of Management. However, by the late '90s and early 2000s, the pay gap among young workers stopped narrowing. Meanwhile, the research suggests that the retirement of older workers with wider gaps is the sole contributor to decreasing the gender pay gap overall. The study's findings challenge the assumptions that the narrowing gender pay gap is the result of better career opportunities for women, Arellano-Bover says.

Persons: Jaime Arellano, That's, Arellano, Bover, Rather Organizations: Yale, Yale School of Management, Census, National Women's Law, Arellano, Bover, CNBC

☆ Kamala Harris wants to be America’s first Silicon Valley president. She has tech’s support
▼ + stars: | 2024-07-25 | by ( Clare Duffy | ) edition.cnn.com time to read: +5 min

New York CNN —With Vice President Kamala Harris the front runner to receive the Democratic Party’s nomination for president, America’s most powerful industry is set to have a candidate on the ballot from its home turf. Harris’ failed 2020 presidential bid received support from various tech luminaries, including Salesforce CEO Marc Benioff and legendary venture capitalist Ron Conway. Despite her friendly relationships with the industry’s leaders, Harris has also pushed for tech accountability in key areas. As vice president, Harris has taken a key role in the White House around establishing safety measures for artificial intelligence, which is widely viewed as the most consequential new technology in decades. In an interview with CNN, Hoffman added: “In Silicon Valley, actually there’s many threads that are very excited about her.

Persons: Kamala Harris, Harris, Sheryl Sandberg, Reed Hastings, Melinda French Gates, Donald Trump’s, Elon Musk, “ There’s, Biden, ” Aaron Levie, “, ” Harris, Sean Parker, she’s, Steve Jobs ’, Laurene Powell Jobs, Harris ’, Marc Benioff, Ron Conway, Mark Zuckerberg, ” Jeffrey Sonnenfeld, Trump Harris, Trump, ” Sonnenfeld, I’ve, didn’t, ” Levie, “ Kamala Harris, Reid Hoffman, Hoffman, …, – CNN’s Matt Egan Organizations: New, New York CNN —, Democratic, Bay Area, Netflix, White, CNN, Cambridge, OpenAI, Google, Microsoft, Yale School of Management, Trump Locations: New York, Oakland , California, California, White, Silicon Valley, Silicon

☆ Americans Are Angry Because Prices Are Constantly Changing
▼ + stars: | 2024-07-10 | by ( Emily Stewart | ) www.businessinsider.com time to read: +12 min

A "good" price for something today may have seemed outlandish five years ago. A "good" price for something today may have seemed outlandish five years ago, and it's understandable to wonder whether today's price is just as fleeting. The whole idea of what's a good price for a 12-pack of carbonated soft drinks has changed dramatically over the past few years." Plenty of companies can move their prices, whether by using dynamic prices or downright raising prices, because they're the only game in town. The answer to getting accustomed to high prices is basically to forget what those numbers were in 2019.

Persons: Wendy's, they're, There's, Carly Fink, —, Fink, they'd, Jon Hauptman, Hauptman, Timothy Webb, University of Delaware who's, it's, Ravi Dhar, Taylor Swift, John Zhang, Webb, Dhar, Emily Stewart Organizations: Walmart, Price, University of Delaware, Center, Yale School of Management, Starbucks, Wharton, Business

☆ There are no Fortune 500 CEOs who are supporting Donald Trump, says Yale's Jeffrey Sonnenfeld
▼ + stars: | 2024-06-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere are no Fortune 500 CEOs who are supporting Donald Trump, says Yale's Jeffrey SonnenfeldJeffrey Sonnenfeld, Yale School of Management senior associate dean for leadership studies, joins 'Squawk Box' to discuss the CEO sentiment on the 2024 election, former U.S. president Donald Trump's relationship with Fortune 500 CEOs, how corporate America is viewing the 2024 election, and more.

Persons: Donald Trump, Yale's Jeffrey Sonnenfeld Jeffrey Sonnenfeld, Donald Trump's Organizations: Yale School of Management Locations: America

☆ Pulitzer Prize-winning Washington Post journalists call for leadership change amid publisher scrutiny
▼ + stars: | 2024-06-20 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

CNN —Two Pulitzer Prize-winning journalists at The Washington Post went on the record late Wednesday, calling for leadership change at the storied newspaper as questions swirl over the integrity of its new publisher and chief executive, Will Lewis. “Will Lewis needs to step down for the good of The Post and the public,” Higham replied in a comment on Maraniss’ post. “He has lost the newsroom and will never win it back.”Spokespersons for Bezos and The Post did not immediately comment. Inside The Post’s newsroom, morale has plunged as staffers express alarm over Lewis’ conduct and worries over the future direction of the newspaper under his leadership. “Bezos must recruit an accomplished, experienced editor whom journalists admire and trust.”

Persons: Will Lewis, “, ” David Maraniss, ” Maraniss, Jeff Bezos, Lewis, ” Scott Higham, Maraniss, “ Will Lewis, ” Higham, ”, Lewis ’, Robert Winnett, Rupert Murdoch’s, David Folkenflik, ” Lewis, Bezos, ” Bezos, Jeffrey Sonnenfeld, Sonnenfeld, Katharine Graham, Ben Bradlee, Marty Baron, ” Sonnenfeld, “ Bezos Organizations: CNN, The Washington Post, The, New York Times, NPR, Post, Yale School of Management

☆ Jeff Bezos breaks his silence about turmoil at The Washington Post
▼ + stars: | 2024-06-18 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

CNN —Jeff Bezos, the billionaire owner of The Washington Post, broke his silence Tuesday on the mounting turmoil within his newspaper, expressing support for maintaining high standards at the storied publication as questions swirl over the ethical integrity of its new publisher, Will Lewis. Bezos added in the memo, which was obtained by CNN, that “it can’t be business as usual” at The Post, which has been plagued by financial and audience woes. With your support, we’ll do that and lead this great institution into the future,” Bezos wrote. “But, as the newsroom leaders who’ve been shaping and guiding our coverage, you also know our standards at The Post have always been very high. That can’t change — and it won’t.”“You have my full commitment on maintaining the quality, ethics, and standards we all believe in,” Bezos added.

Persons: Jeff Bezos, Will Lewis, “, ” Bezos, Lewis, Bezos, Carlotta Cardana, ”, Lewis ’, Robert Winnett, Rupert Murdoch’s, David Folkenflik, ” Lewis, Jeffrey Sonnenfeld, Sonnenfeld, Katharine Graham, Ben Bradlee, Marty Baron, ” Sonnenfeld, “ Bezos Organizations: CNN, The Washington Post, The News, Bloomberg, Getty, New York Times, NPR, Post, Yale School of Management Locations: The, London

☆ Jeff Bezos is facing a dilemma as ethical questions surrounding The Washington Post publisher grow louder
▼ + stars: | 2024-06-18 | by ( Oliver Darcy | ) edition.cnn.com time to read: +7 min

New York CNN —Jeff Bezos has a decision to make — and it is one that will determine the future course of one of the nation’s most prestigious news organizations. Or he can side with his Pulitzer Prize-winning newsroom, which is repudiating their new leader in clear and unmistakable terms. And The Post reported Sunday that a “thief” who used deceptive tactics to obtain private material had ties with Winnett. The stories landed like a one-two punch in The Post newsroom, raising even more alarm and upping the panic level at the newspaper to new heights. When Bezos first appointed Lewis, staffers at The Post understood that he needed to appoint a publisher and chief executive who would shake things up in the newsroom.

Persons: Jeff Bezos, Will Lewis, Lewis, Rupert Murdoch, Sally Buzbee, Murdoch, David Folkenflik, Robert Winnett, ”, Bezos, Fred Ryan, Donald Trump, they’re, we’ve, I’m, Jeffrey Sonnenfeld, Katharine Graham, Ben Bradlee, Marty Baron, ” Sonnenfeld, “ Bezos Organizations: New York CNN, Washington Post, Fleet Street, CNN, NPR, New York Times, Post, Times, Good, Yale School of Management Locations: New York

☆ Vivek Ramaswamy is waging an expensive trolling campaign on BuzzFeed
▼ + stars: | 2024-05-29 | by ( Oliver Darcy | ) edition.cnn.com time to read: +6 min

In a letter to BuzzFeed’s board, a copy of which Ramaswamy posted online, the MAGA hardliner and former Republican presidential candidate recommended laying off large swaths of the company’s existing staff. He encouraged BuzzFeed’s board to transform the outlet into a creator-driven platform, suggesting it hire personalities akin to fellow radicals Candace Owens and Tucker Carlson. “Address your audience directly and candidly admit: We failed in our obligation to tell you the truth,” Ramaswamy encouraged BuzzFeed. But it was apparent that he does not view the right-wing entrepreneur’s ideas for the future of BuzzFeed as compelling. “I’m very skeptical it makes business sense to turn BuzzFeed into a creator platform for inflammatory political pundits.

Persons: Vivek Ramaswamy —, —, Ramaswamy, MAGA hardliner, BuzzFeed’s, Candace Owens, Tucker Carlson, BuzzFeed, Donald Trump, ” Ramaswamy, Jonah Peretti, MAGA, ” Jeffrey A Sonnenfeld, “, Vivek, Vivek Ramaswamy, Peretti, ” Peretti, ”, Sonnenfeld Organizations: New York CNN, Republican, “, Yale School of Management, Facebook, Huffington Locations: New York, Covid, BuzzFeed

☆ 2 Yale researchers are pulling back the curtain on Russia's sanctions-stricken economy — and it's landed them on a list of Putin's enemies
▼ + stars: | 2024-05-25 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +6 min

Read previewJeffrey Sonnenfeld and Steven Tian, two researchers at the Yale School of Management, have been targeted for their views on Russia's economy since the war in Ukraine began. Soaring prices and ailing consumer sentiment have hit key sectors in Russia's economy, and Moscow is paying a huge cost to keep its war machine running. Steven Tian Courtesy of Steven TianAt that time, Tian and Sonnenfeld began noticing cracks forming in Russia's economy. "Putin has no grand strategy other than to hope Trump wins and cuts a favorable deal with Russia," Tian said. Positive forecasts on Russia's economy are based on a lack of visibility, Sonnenfeld and Tian say.

Persons: —, Jeffrey Sonnenfeld, Steven Tian, they've, Vladimir Putin's, Tian, Putin, he'd, Sonnenfeld, I've, Biden, Steven Organizations: Service, Yale School of Management, Business, Yale, IMF, Trump Locations: Ukraine, Moscow, Russia

☆ This critical skill gives emotionally intelligent people 'greater happiness and fulfillment,' says Stanford-trained psychologist
▼ + stars: | 2024-04-29 | by ( Emma Seppälä | ) www.cnbc.com time to read: +7 min

As a psychologist who researches emotional intelligence, I know people with high EQ tend to have a critical skill I like to call "emotional sovereignty." When you know how to handle your emotions, you can harness them for creativity, energy, deeper relationships, and greater happiness and fulfillment. Others may be surprised by the fact that you no longer suppress your emotions — they might even be a little uncomfortable with it at first. Others may be surprised by the fact that you no longer suppress your emotions — they might even be a little uncomfortable with it at first. A psychologist and research scientist by training, Seppälä's expertise is the science of happiness, emotional intelligence, and social connection.

Persons: you've, I'm, It's, Emma Seppälä Organizations: Yale School of Management, Stanford University's Center for Compassion, Education, CNBC Locations: Yale

☆ Rise of Hate Spending: Americans Detest High Prices but Keep Shopping
▼ + stars: | 2024-04-21 | by ( Emily Stewart | ) www.businessinsider.com time to read: +12 min

According to experts I talked to, the surge in hate spending can be attributed to various factors. They're aware prices aren't going back to 2019 levels, and given everything everyone's just been through, they may as well live it up. She told me that she often finds herself outraged by prices — and then ultimately succumbs to the forces of capitalism. It's easy to say you want to cut back on spending, given high prices, but when a friend asks whether you want to go shopping, it's hard to say no. Hart, the Illinois writer with a brand-new Stanley cup, sees some of her spending as a way to reclaim power.

Persons: Christ, Lydia Boussour, they're, everyone's, Jordan Hart, Hart, Boussour, —, they've, it's, acclimated, It's, Claire Tassin, Tassin, There's, Taylor Swift, jonesing, people's, Ravi Dhar, Dhar, he'd, he's, I've, she'd, she'll, Stanley Organizations: Retail, Consumers, Morning, Center, Yale School of Management Locations: America, Illinois, YOLO splurging, Europe, York

☆ We ought to have a fiscally responsible tax package, says National Review's Ramesh Ponnuru
▼ + stars: | 2024-04-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe ought to have a fiscally responsible tax package, says National Review's Ramesh PonnuruRamesh Ponnuru, National Review editor and Washington Post columnist, and Natasha Sarin, Yale School of Management professor and former Treasury Department official, join 'Squawk Box' to discuss the upcoming expiration of former President Trump's Tax Cuts and Jobs Act at the end of 2025, what should be included in the tax package, and more.

Persons: Ramesh Ponnuru Ramesh Ponnuru, Natasha Sarin, Trump's Organizations: Washington Post, Yale School of Management, Treasury Department

☆ Nelson Peltz has no success as a financier, says Yale's Jeff Sonnenfeld
▼ + stars: | 2024-04-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNelson Peltz has no success as a financier, says Yale's Jeff SonnenfeldJeff Sonnenfeld, Yale School of Management senior associate dean for leadership studies, joins 'Squawk Box' to discuss the latest developments in Disney's proxy battle with activist investor Nelson Peltz, the performance of Disney CEO Bob Iger, the track record of Peltz, and more.

Persons: Nelson Peltz, Jeff Sonnenfeld Jeff Sonnenfeld, Bob Iger Organizations: Yale School of Management, Disney

☆ Boeing needs to find an 'outsider' as a CEO, says Yale's Gautam Mukunda
▼ + stars: | 2024-03-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBoeing needs to find an 'outsider' as a CEO, says Yale's Gautam MukundaFormer Pan Am CEO David Banmiller and Gautam Mukunda, lecturer in the practice of management at the Yale School of Management, join 'Money Movers' to discuss Dave Calhoun's decision to retire, what Boeing should do, and when issues began to appear at Boeing.

Persons: Yale's Gautam Mukunda, David Banmiller, Gautam Mukunda, Dave Calhoun's Organizations: Boeing, Pan Am, Yale School of Management

☆ Nelson Peltz is a 'net destroyer of value', says Yale's Jeff Sonnenfeld
▼ + stars: | 2024-03-18 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNelson Peltz is a 'net destroyer of value', says Yale's Jeff SonnenfeldJeff Sonnenfeld, Yale School of Management senior associate dean for leadership studies, joins 'Squawk Box' to discuss Disney's proxy fight with activist investor Nelson Peltz, the performance of Disney CEO Bob Iger, Peltz's track record, and more.

Persons: Nelson Peltz, Jeff Sonnenfeld Jeff Sonnenfeld, Bob Iger Organizations: Yale School of Management, Disney

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