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☆ Russia detains WSJ journalist: White House condemns actions as 'unacceptable'
▼ + stars: | 2023-03-31 | 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 EmailRussia detains WSJ journalist: White House condemns actions as 'unacceptable'Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC. Jeffrey Sonnenfeld, Yale School of Management, joins the show to discuss the Russia detaining an American journalist who wrote for the Wall Street Journal.

☆ Russia is forcing Western companies exiting its market to make a donation to the country — and it's making it harder for them to leave
▼ + stars: | 2023-03-29 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Foreign investors exiting Russia must donate at least 10% of the sale proceeds of their assets to the state. Russia witnessed an exodus of companies it invaded Ukraine, but some have remained — either voluntarily or due to challenges in leaving the Russian market. About 550 foreign companies are still actively operating in the country, according to Yale's list. These options are not available to every company — especially since there would be fewer potential buyers in the first place due to sweeping sanctions against Russia, according to Estrin and Meyer. Over 2,000 companies are seeking approval to exit the Russian market, the Financial Times reported on Tuesday, citing a person involved in an exit negotiation.

☆ Watch CNBC's full interview with Yale’s Jeffrey Sonnenfeld
▼ + stars: | 2023-03-20 | 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 Jeffrey SonnenfeldJeff Sonnenfeld, Yale School of Management senior associate dean for leadership studies, joins 'Power Lunch' to discuss the current bank debacle, and whether this chaos is another black eye for corporate America and for capitalism.

☆ Yale's Jeffrey Sonnenfeld explains why the Fed is responsible for the bank debacle
▼ + stars: | 2023-03-20 | 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 Jeffrey Sonnenfeld explains why the Fed is responsible for the bank debacleJeff Sonnenfeld, Yale School of Management senior associate dean for leadership studies, joins 'Power Lunch' to discuss the current bank debacle, whether this chaos is another black eye for corporate America and for capitalism.

☆ SVB collapse was driven by ‘the first Twitter fueled bank run’
▼ + stars: | 2023-03-14 | by ( Jennifer Korn | ) edition.cnn.com time to read: +4 min

New York CNN —The massive amount of customer withdrawals that led to the collapse of Silicon Valley Bank had all the hallmarks of an old-fashioned bank run, but with a new twist befitting the primary industry the bank served: much of it unfolded online. Customers withdrew $42 billion in a single day last week from Silicon Valley Bank, leaving the bank with $1 billion in negative cash balance, the company said in a regulatory filing. “It was the speed, fueled by zero distribution costs for both rumors and withdrawals, that was so destabilizing.”Silicon Valley Bank was arguably uniquely susceptible to those factors given its tech-focused customer base. The next day, the US Federal Deposit Insurance Corporation stepped in and took control of the bank, which only added to the viral panic on Twitter. “THAT IS THE PROPER REACTION.”Hours later, the Biden administration stepped in and guaranteed the bank’s customers would have access to all their money starting Monday.

☆ Small-businesses owners who had money in SVB can prepare for a financial crisis by doing these 3 things
▼ + stars: | 2023-03-14 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +4 min

Entrepreneurs who had money tied up in the Silicon Valley Bank fallout are rethinking finances. Diversify your bank accountsIf there's one takeaway from SVB's collapse, it's the importance of diversifying where you keep your money, Ma said. "For small businesses, it is possible to hedge that risk by diversifying their bank accounts," he said. Most small businesses operate historically, waiting to reconcile their books at the end of every month, before making decisions, Clark said. If your non-VC-backed small business has been affected by the Silicon Valley Bank crash, please contact this reporter at jortakales@insider.com.

☆ ‘Absolutely idiotic’. SVB insider says employees are angry with CEO
▼ + stars: | 2023-03-13 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

“That was absolutely idiotic,” the employee, who works on the asset management side of Silicon Valley Bank, told CNN in an interview. By the close of business that day, Silicon Valley Bank had a negative cash balance of about $958 million. “People are just shocked at how stupid the CEO is,” the Silicon Valley Bank insider said. “There should be no mistaking that Silicon Valley Bank’s collapse was a direct result of the Fed’s persistent and excessive interest rate hikes,” they wrote. Of course, Silicon Valley Bank had more than a year to prepare for both of those issues.

☆ 5 non-fiction books everyone should be reading about work in 2023
▼ + stars: | 2023-03-04 | by ( Morgan Smith | ) www.cnbc.com time to read: +5 min

If you're looking for inspiration or feel stuck in your job, these 5 career books, recommended by Goodreads, can help put you in the right mindset. These books, all published in 2022, have at least a 4-star rating on Goodreads and at least 1,000 members added the book to their "want-to-read" shelf on the site. Chance walks readers through how to cultivate charisma, become a stronger negotiator and deal with manipulative people. Pfeffer introduces seven rules for building a fulfilling, successful career, including "break the rules" and "network relentlessly," as well as how to follow them in your own life. As one review noted: "This book felt like the wakeup call I had been seeking for years now."

☆ Paul Ryan grilled for remaining on Fox board of directors amid election fraud revelations
▼ + stars: | 2023-03-01 | by ( Oliver Darcy | ) edition.cnn.com time to read: +2 min

New York CNN —Former House Speaker Paul Ryan was grilled Tuesday over his decision to remain on the board of directors of Fox News’ parent company after damning court documents showed that the right-wing network knowingly peddled election lies to its audience. I have a responsibility to offer my opinion and perspective and I do that, but I don’t go on TV and do it, right. So I offer my perspective, my opinion, often,” Ryan replied. Instead, Ryan said, “I want to see the conservative movement get through this moment. And I think Fox is a big part of the constellation of the conservative movement.”“Is it the solution or the problem?” Sykes asked.

☆ Fox executives should be fired for ‘proven misconduct’ exposed in Dominion lawsuit, renowned Yale professor says
▼ + stars: | 2023-03-01 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

New York CNN —The Fox Corporation board has a huge mess on its hands — and it needs to work quickly to clean it up. That’s according to Jeffrey A Sonnenfeld, the renowned professor and senior associate dean for leadership studies at the Yale School of Management. The former House speaker said that Fox News should “move on from Donald Trump” and “stop spouting election lies.”But Sonnenfeld said Ryan’s actions were not enough. In fact, he said Ryan’s “quiet dissent” was “cowardly, ineffective, and immoral,” and pointed out that board members have certain responsibilities under corporate governance law in Delaware, where Fox is incorporated. Fox News has previously said it was “proud” of its 2020 election coverage, which is a statement that only grows more remarkable by the day.

☆ Continuing Sanctions Against Russia Mark ‘Tectonic’ Shift
▼ + stars: | 2023-02-24 | by ( Richard Vanderford | ) www.wsj.com time to read: +7 min

Hundreds of companies, though, decamped, calculating that the looming threat of sanctions ratcheting up and reputational risk warranted an exit. Prof. Sonnenfeld and Mr. Tannebaum both have been personally sanctioned by Russia, which has accused critics of engaging in a “Russophobic” campaign. “Countries continue to rely on those tools for foreign policy. The Russia sanctions have functioned as a “wake-up call” to the C-suite, Mr. Smith said. The use of coordinated sanctions, both in Russia and as a broader foreign policy tool, doesn’t seem to be going away, experts agreed.

☆ A Year After Russia’s Invasion of Ukraine, Tough Sanctions Linger
▼ + stars: | 2023-02-24 | by ( Richard Vanderford | ) www.wsj.com time to read: +7 min

Russia’s invasion of Ukraine a year ago prompted a volley of tough sanctions from the U.S. and its allies, a historic use of economic measures that will likely have lasting implications for businesses. Hundreds of companies, though, decamped, calculating that the looming threat of sanctions ratcheting up and reputational risk warranted an exit. “Countries continue to rely on those tools for foreign policy. The Russia sanctions have functioned as a “wake-up call” to the C-suite, Mr. Smith said. The use of coordinated sanctions, both in Russia and as a broader foreign policy tool, doesn’t seem to be going away, experts agreed.

☆ China knows it doesn't need Putin: Yale's Jeffrey Sonnenfeld
▼ + stars: | 2023-02-21 | 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 EmailChina knows it doesn't need Putin: Yale's Jeffrey SonnenfeldJeff Sonnenfeld, Yale School of Management senior associate dean for leadership studies, joins 'Squawk Box' to discuss the list of companies who pulled business operations out of Russia, what the same companies would do with China, and more.

When asked about the matter at a news conference after the end of the U.S. central bank's latest policy meeting on Wednesday, Powell declined to say whether Fed officials had begun planning for a possible default. "If there were pressures pushing the funds rate higher the (Fed market desk) would automatically add reserves to deal with that," William English, a Yale School of Management professor, said in a recent interview. As head of the Fed's monetary affairs division at the time, it was English who briefed officials in 2011 on possible options. The approach "appeared acceptable" to Fed officials previously, and was included in a draft statement the central bank had prepared in the event a debt limit compromise was not reached. But I don't want to say what I would and wouldn't do, if we have to actually deal with a catastrophe."

☆ Sooner or later, Fed may need technical tweaks for rate control toolkit
▼ + stars: | 2023-02-01 | by ( Michael S. Derby | ) www.reuters.com time to read: +4 min

The tweaks they envision are not shifts in the federal funds target rate, the central bank’s main tool for influencing the economy to achieve its job and inflation goals. Those two rates exist to keep the market-driven fed funds rate in the desired range. One, called the reverse repo rate, sets a floor underneath short-term rates, while another, which pays deposit-taking banks to park cash at the Fed, sets the high end. Those adjustments happened purely to ensure control of the fed funds rate, while this sort of move would speak more directly to bigger monetary policy concerns around managing the size of its $8.5 trillion balance sheet. Some in the market fear rate control toolkit tweaks might create unneeded headaches if done too aggressively.

☆ Analysis: AMC sets unusual shareholder vote for meme stock sale approval
▼ + stars: | 2023-02-01 | by ( Anirban Sen | ) www.reuters.com time to read: +5 min

loadingNow, AMC is asking shareholders for authorization to further increase its common stock count tenfold. Holders of the preferred stock will be allowed to vote on the matter alongside holders of common stock. "This increases the odds of (the new common stock authorization) passing this time," said Jacob Thomas, a professor of accounting and finance at Yale School of Management. "Given that meme stock speculators can drive prices far from fundamentals, it makes sense for a company like AMC to issue stock when management believes its own stock is overvalued," Harvey said. AMC said in the Jan. 26 filing that it is proposing the conversion of preferred stock to common stock to eliminate the trading discount.

WASHINGTON, Jan 20 (Reuters) - The Federal Reserve is set to again slow the pace of its interest rate increases at a Jan. 31-Feb. 1 policy meeting while also signaling that its battle against inflation is far from over. Throughout last year, the Fed's rapid series of rate hikes were announced in a statement that also promised "ongoing increases" until rates were "sufficiently restrictive to return inflation to 2%." Fed officials were surprised in 2021 by the persistence of inflation that at one point was more than triple their 2% target. The unemployment rate is currently 3.5%, a level seen only rarely since World War Two. "Thus, I anticipate the need for further rate increases."

☆ Elon Musk has become a 'detriment' to the value of his companies, say 79 CEOs in new Yale School of Management poll
▼ + stars: | 2022-12-21 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

79% of CEOs surveyed at a Yale summit believe Elon Musk has become a detriment to the value of his companies. A new poll of CEOs by Yale School of Management showed that 79% of the 100 executives that were surveyed believe Musk has become a "detriment" to the value of his companies. A screenshot from Yale School of Management's 2022 survey of 100 CEOs, asking whether Elon Musk has become "a detriment" to the value of his companies. Yale School of ManagementThe survey was conducted at the invitation-only Yale CEO Summit held last week. Though, shares of the EV company appeared to respond positively to the possibility of Musk stepping down as CEO of Twitter on Monday.

☆ Twitter needs a transformational leader with a clear vision, says Shellye Archambeau
▼ + stars: | 2022-12-21 | 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 EmailTwitter needs a transformational leader with a clear vision, says Shellye ArchambeauJeffrey Sonnenfeld, senior associate dean for leadership studies at the Yale School of Management, and Shellye Archambeau, former MetricStream CEO, join CNBC's 'Squawk Box' to discuss Elon Musk's plan to find a new CEO for Twitter.

☆ Jeffrey Sonnenfeld's Top CEOs of 2022
▼ + stars: | 2022-12-19 | 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 EmailJeffrey Sonnenfeld's Top CEOs of 2022Jeff Sonnenfeld, Yale School of Management senior associate dean for leadership studies, joins 'Power Lunch' to discuss the best and worst CEOs of 2022 and their influence going into 2023.

☆ Premarket stocks: Investors are hoping for the economic tide to turn. The wait may soon be over
▼ + stars: | 2022-12-14 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

What’s happening: Price increases in the United States cooled more than economists expected last month, recording the lowest level of growth since last December. This is the second consecutive month of moderating price pressures and could mean the underlying trend of inflation is finally decelerating. That’s a welcome and hopeful sign for consumers, policymakers and investors, said Jim Baird, chief investment officer at Plante Moran Financial Advisors. The bill specifically names TikTok and its parent, ByteDance, as social media companies for the purposes of the legislation. In the past two weeks, at least seven states have introduced such measures, including Maryland, South Dakota and Utah.

☆ Fed officials see smaller rate hikes coming 'soon,' minutes show
▼ + stars: | 2022-11-23 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

Reflecting statements that multiple officials have made over the past several weeks, the meeting summary pointed to smaller rate hikes coming. Markets widely expect the rate-setting Federal Open Market Committee to step down to a 0.5 percentage point increase in December, following four straight 0.75 percentage point hikes. The minutes noted that the smaller hikes would give policymakers a chance to evaluate the impact of the succession of rate hikes. Markets expect a few more rate hikes in 2023, taking the funds rate to around 5%, and then possibly some reductions before next year ends. Several Fed officials have said in recent days that they anticipate a likely half-point move in December.

☆ Disney faces really tremendous issues, says NYT's James Stewart
▼ + stars: | 2022-11-21 | 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 EmailDisney faces really tremendous issues, says NYT's James StewartJeffrey Sonnenfeld, senior associate dean for leadership studies at the Yale School of Management, and James Stewart, columnist at The New York Times and author of 'Disney War,' join CNBC's 'Squawk Box' to discuss the leadership changes at Disney.

☆ From Elon Musk to Sam Bankman-Fried, a bad week for market geniuses, but was it their fault?
▼ + stars: | 2022-11-12 | by ( Barbara Collins | ) www.cnbc.com time to read: +3 min

watch nowFrom the FTX bankruptcy and downfall of crypto "rock star" Sam Bankman-Fried to the chaos at Twitter, it has not been a good week for the geniuses of capitalism. "Without a doubt, Sam Bankman-Fried is a genius," said Yale School of Management leadership guru Jeffrey Sonnenfeld in an interview with CNBC's "Fast Money" on Thursday. "But what's hard is that somebody has to be able to put on the brakes on them and ask them questions. Tom Williams | CQ-Roll Call, Inc. | Getty ImagesBut boards are often unable to manage genius, Sonnenfeld said. Tesla shares have not been immune from Musk's Twitter takeover, with the stock plummeting this week after Musk told Twitter employees on Thursday he sold Tesla stock to "save" the social network.

☆ Midterm results are looking increasingly sunny for Biden as Democrats avoid 'red wave'
▼ + stars: | 2022-11-09 | by ( Emma Kinery | ) www.cnbc.com time to read: +6 min

U.S. President Joe Biden smiles during a rally with Democratic nominee for Maryland Governor Wes Moore, U.S. "They still might lose control of both houses, but it's hardly the 'red wave' that was being marketed in the media." As results are reported across the country Wednesday, it appears Biden was right to be hopeful. President Joe Biden told reporters ahead of Election Day that he was "optimistic" for Democrats. "While Democrats may ultimately lose the House, it will likely be by much less than Republicans would want," O'Connell said.

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