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In 2021, a whopping 83 percent of Russian gas was exported to Europe. Russia’s global exports of 7 million barrels of oil a day and 200 billion cubic meters (bcm) of piped gas a year accounted for about half of its federal revenue... Far from freezing to death, Europe quickly secured alternative gas supplies by pivoting to global liquefied natural gas (LNG) ... these alternative supplies have reduced Europe’s dependence on Russian gas to 9 percent of its total gas imports... Furthermore, Europe’s unseasonably warm winter means that not only have the worst-case scenarios been avoided, but Europe’s full storage...

The days of Vladimir Putin’s energy blackmail driving up energy prices and testing Western unity are quickly coming to a close amidst a string of underappreciated but significant energy victories for the Biden Administration, ranging from bringing down gasoline prices for drivers to supplying enough LNG to keep Europe warm this winter. Instead of shivering in distress, European leaders are now considering plans to supply Ukraine with advanced battle tanks.

Rudyard Kipling’s The Jungle Book explained how leaders and groups need each other for power: “For the strength of the Pack is the Wolf, and the strength of the Wolf is the Pack.” President Biden has breathed new confidence into allied unity and resolve—and has in turn been strengthened by our international allies. Overcoming the self-destructive America First isolationism of our recent past, Biden has rebuilt trust through collective action. Most recently, America’s continued triumphs in international energy diplomacy—ranging from reining in OPEC+ to the successful rollout of the Russian oil price caps to helping the EU work through its...

Since Putin's devastating invasion of Ukraine began, 300 companies have announced their withdrawal from Russia in protest.Nevertheless, some western companies have continued to operate in Russia undeterred; we identify several dozen companies with particularly significant exposure to Russian markets. In the days since we initially published our list, many of the "remain" companies have responded to public backlash and decided to withdraw, and we are continuously revising our list to reflect these decisions as they are made. The full, current list of companies that have curtailed operations in Russia as well as those that remain, as of March 8, can...

Among executives, board members, analysts and others in the business world in recent days, a “who’s who” list has been floating around, showing which companies have pulled out of Russia amid its attack on Ukraine — and which ones have stayed put. The spreadsheet, compiled by Yale University professor Jeffrey Sonnenfeld and his research team, has become a naughty-or-nice list of sorts, with CEOs trying their best to avoid being placed on the roster of “Companies That Remain in Russia With Significant Exposure.” Sonnenfeld, who founded the nonprofit Chief Executive Leadership Institute, said he has fielded calls from CEOs asking...

Business leaders are clearly not buying the continuing narrative from many political leaders that efforts to overturn American democracy after the last election were “legitimate political discourse.” Newly released Federal Election Commission filings this month, now encompassing the entirety of 2021, show that all 93 of the incumbent members of Congress who failed in their constitutional duties to confirm the certified ballots of the Electoral College have suffered a major plunge in business support. We’ve seen a resurgence of whining from cynical media about companies that let expire last year’s pledges to halt donations to these “objectors” in Congress. But...

Hysteria, groupthink and a fair amount of hypocrisy are the key ingredients in a ­ruinous cocktail that has managed to intoxicate some formerly profit-focused boardrooms. One day, it’s the Adena Friedman-led Nasdaq stock market demanding that its US-listed companies have fully diverse boards even as it ignores a Chinese company’s treatment of the oppressed Uighur ethnic minority. The next, it’s Larry Fink of BlackRock pushing President Biden’s green-energy agenda while hawking high-priced funds that invest in such boondoggles. The latest episode of this farce involves Georgia’s new voter law, which we’re supposed to believe is the second coming of Jim...

Some who know Fiorina’s business background believe her ascension to the White House would be ruinous for the nation. One candidate has seen her fortunes rise following a stand-out debate performance last week: Carly Fiorina. The former corporate leader shot up from well back in the polls to second place in the pack, with 15 percent support, while Trump’s lead fell from 32 to 24 percent. However, some who know Fiorina’s business background believe her ascension to the White House would be ruinous for the nation. During last week’s CNN debate, her time as Hewlett-Packard CEO came under scrutiny. Moderator...

Carly Fiorina said on The Tonight Show that her track record at HP included improving market share. But that’s not true. Carly Fiorina’s latest defense of her track record at Hewlett Packard doesn’t quite add up. Monday night, on The Tonight Show with Jimmy Fallon, the GOP Presidential hopeful stepped up her effort to paint her time at the top of one of the nation’s largest technology companies as a success. Fallon remarked that her rise from a secretary at a small real estate company to the head of HP HPQ -2.42% was remarkable, but he also mentioned critics who...

Carly Fiorina’s campaign is defending her record as the CEO of Hewlett-Packard. In a post published on Medium, Fiorina’s Deputy Campaign Manager Sarah Isgur Flores took on criticism about the candidate, pushing back on recent reports characterizing the retired tech executive's tenure as a failure. “There’s a lot of armchair CEO’ing going on around here. And some folks seem to have taken the ‘Invent’ motto to mean they get to invent their own facts,” Isgur Flores writes, referring to the HP motto during Fiorina’s tenure. Fiorina was fired in 2005. Isgur Flores then goes on to list 10 things she...

As a professor, hearing my name once, let alone twice, before 25 million TV viewers in an historic U.S. presidential debate is a surreal experience. “The head of the Yale business school, Jeffrey Sonnenfeld, wrote a paper recently,” Donald Trump proclaimed in his attack on Carly Fiorina’s business record, “one of the worst tenures for a CEO that he has ever seen.” Immediately, the phones started ringing, text messages dinging, emails beeping—notes from thrilled old students, proud colleagues, teasing friends, pleased former teachers, curious clients, and my own immediate family in shared, flushed, utter shock. So used to being identified...

As Fiorina admits, I have been critical of her for over a decade—long before she announced her political aspirations. I have studied her business record, challenged her leadership abilities and have come to agree with the assessment that she was one of the worst technology CEOs in history. I stand by that evaluation. Fiorina can attack me all she wants, as she did when she called me “a well-known Clintonite” (an absurd allegation I’ll get to later) who “had it out for me from the moment that I arrived at Hewlett Packard.” But no amount of one-liners to Trump, weekend...

As s a professor, hearing my name once, let alone twice, before 25 million TV viewers in an historic U.S. presidential debate is a surreal experience. “The head of the Yale business school, Jeffrey Sonnenfeld, wrote a paper recently,” Donald Trump proclaimed in his attack on Carly Fiorina’s business record, “one of the worst tenures for a CEO that he has ever seen

Carly Fiorina left the Republican debate Wednesday night with her head held high. Rapid reaction resulted in high praise for the former CEO of Hewlett-Packard, but not all the news was positive. During one portion of the debate, Fiorina and Republican front runner Donald Trump spared over their business records. Trump hit Fiorina hard, citing a recent editorial by Jeffrey Sonnenfeld, of the Yale School of Management , who referred to her as one of the worst CEOs in recent memory. While how bad Fiorina was as CEO of HP is up for debate, a recent report by Bloomberg points...