Three companies still in Russia: US list
TAIWAN ‘F’ GRADES:
Acer, Asus and MSI were on the list of 42 companies ‘digging’ their operations in Russia, according to a study by the Yale Management School
By William Hetherington / writer, with CNA
Forty-two companies – including three Taiwanese companies – are still operating in Russia, although the majority of international companies have left the country to protest against its invasion of Ukraine, a US study revealed yesterday.
On February 28 – four days after the invasion began – Jeffrey Sonnenfeld, senior associate dean of leadership studies at the Yale School of Management, and other Yale researchers posted a list of companies on a website. who had left Russia or continued to do so. operate in the country.
The team divided the list into five categories: “withdraw”, “suspend”, “reduce”, “buy time” and “deepen” to describe their actions since the invasion.
Photo: Cho Yi-chun, Taipei Times
The website says companies in the ‘suspension’ category are ‘temporarily curtailing operations while keeping return options open’, while those ‘buying time’ are ‘delaying planned future investment, development and marketing while pursuing their substantive activities.
Those who are “digging in” are “companies that defy exit/reduction requests,” he says.
Yesterday, the Yale School of Management website, where an Excel spreadsheet of companies can be downloaded, showed 174 companies in the “withdrawal” category, or an “A” grade, 195 in “suspension” (B grade). , 31 “reduce” (score C) and 56 “save time” (score D).
Forty-two were listed as “digging” or given an “F” rating, including Taiwanese tech companies Acer Inc (宏碁), Asustek Computer Inc (華碩, Asus) and Micro-Star International Co (微星科技, MSI) .
Other international companies listed as remaining in the Russian market include French supermarket chain Carrefour, French sporting goods retailer Decathlon, British-Swedish pharmaceutical and biotech firm AstraZeneca and Swiss financial services firm Credit Suisse.
Acer, based in New Taipei City, said yesterday that it would “comply with all laws and regulations related to international trade”.
At press time last night, MSI had not publicly commented on its inclusion in the list.
On March 14, Asus said it had effectively stopped shipping to Russia and would donate NT$30 million ($1.05 million) to a disaster relief fund for the Ukraine after Ukrainian Deputy Prime Minister Mykhailo Fedorov wrote on Twitter that Asus should withdraw from the Russian market.
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