Los Angeles Times

Michael Hiltzik: Here's the 'hall of shame' of companies that haven't left Russia

Hundreds of Western businesses and corporations have garnered praise for withdrawing from Russia, even if that entails a hit to their sales and profits. Now let's look at the other side of the coin. We're talking about companies that have resolved to keep operating in Russia. The "hall of shame," as Yale business professor Jeffrey Sonnenfeld and his colleague Steven Tian have labeled the ...
Russian President Vladimir Putin speaks during his address to the nation at the Kremlin in Moscow on February 21, 2022.

Hundreds of Western businesses and corporations have garnered praise for withdrawing from Russia, even if that entails a hit to their sales and profits.

Now let's look at the other side of the coin. We're talking about companies that have resolved to keep operating in Russia.

The "hall of shame," as Yale business professor Jeffrey Sonnenfeld and his colleague Steven Tian have labeled the roster of corporate responses to Russia's invasion of Ukraine they're maintaining, includes 34 companies that are "digging in, defying demands for exit or reduction of activities."

The list also includes 74 companies that are scaling back some but not all activities or deferring new investments.

Among the consumer companies identified as "digging in" are the fast food chain Subway; Reebok; Bacardi (makers of its eponymous rum, Dewar's

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