The Steady Drip: Marriott, Citi, Major Companies Still Do Business in Russia

Marriott, Citi, Major Companies Still Do Business in Russia

By Charlie McCarthy | Wednesday, 09 March 2022 08:52 AM

https://www.newsmax.com/finance/streettalk/marriott-citi-vladimir-putin-business-dealings/2022/03/09/id/1060351/?dkt_nbr=6F0112aolgyh

More than 300 companies have stopped doing business in Russia following President Vladimir Putin's unprovoked attack on Ukraine.

McDonald's, Coca-Cola, Pepsi, and Starbucks on Tuesday joined the businesses who had cut ties with Russia – something 75% of Americans support, according to a Morning Consult poll.

However, many companies still had not severed business dealings with Putin's country.

Marriott, Hilton, Hyatt, Caterpillar, Deere, Citi, Papa John's, and Whirlpool were among the companies continuing to operate in Russia, according to Jeffrey Sonnenfeld from The Yale School of Management.

In a Monday column for Forbes, Sonnenfeld explained why pausing or ending business in Russia made sense for U.S. companies.

"Despite the cost of abandoning major investments and the loss of business, there is a strong reputational incentive to withdraw," he wrote. "Companies that fail to withdraw face a wave of U.S. public resentment far greater than what they face on climate change, voting rights, gun safety, immigration reform, or border security."

The number of companies leaving Russia has grown since Sonnenfeld first released his list. Those businesses now include Apple, Amazon, FedEx, Kellogg, Mastercard, Nike, and Sony.

Through Tuesday, companies remaining in Russia also included Bridgestone Tire, Citrix, Dow, Intercontinental Hotels, Nestle, Philip Morris, and Whirlpool.

Sonnenfeld appeared on CNBC's "Squawk on the Street" on Monday and was asked to address the notion that the pullout by U.S. companies would hurt Russian workers.

"The idea of these sanctions is to put pain onto the economy. We're not trying to figure out how to advance the Russian economy," Sonnenfeld told CNBC. "It is for the general population to feel enough distress that the economy fails and the government fails. That's the point of these sanctions."

McDonald's did say said it would go on paying salaries to its 62,000 employees in Russia.

Yum Brands Inc, parent company of fried chicken chain KFC, said Tuesday it was suspending operations of its 70 KFC company-owned restaurants in the country and finalizing an agreement to suspend all Pizza Hut restaurant operations in Russia, in partnership with its master franchisee.

Connecting the Dots:

Arne M. Sorenson is the president & CEO for Marriott International Inc., and a trustee at the Brookings Institution (think tank).

Foundation to Promote Open Society was a funder for the Brookings Institution (think tank).

George Soros was the chairman for the Foundation to Promote Open Society.

Ann Dibble Jordan is an honorary trustee at the Brookings Institution (think tank) and was a director at Citigroup Inc. (Bailout Company).

Judith Rodin was an honorary trustee at the Brookings Institution (think tank) and is a director at Citigroup Inc. (Bailout Company).

Lawrence H. Summers was a trustee at the Brookings Institution (think tank) and is a consultant for Citigroup Inc. (Bailout Company).

Klaus Kleinfeld is a trustee at the Brookings Institution (think tank) and was a director at Citigroup Inc. (Bailout Company).

Crandall C. Bowles is a trustee at the Brookings Institution (think tank) and a director at the Deere & Company.

Charles O. Holliday Jr. is a director at the Deere & Company and was a director at the ClimateWorks Foundation.

Stephen M. Wolf is an honorary trustee at the Brookings Institution (think tank) and a director at Philip Morris International Inc.

Thomas R. Pickering is a distinguished fellow at the Brookings Institution (think tank) and a U.S. ambassador for Russia.

Wilbur L. Ross Jr. is a trustee at the Brookings Institution (think tank), an advisory board member for the Yale School of Management and married to Hilary Geary.

Hilary Geary is married to Wilbur L. Ross Jr., and a leader’s council member for the Breast Cancer Research Foundation.

Daisy M. Soros is a leader’s council member for the Breast Cancer Research Foundation and George Soros’s sister-in-law.

George Soros is Daisy M. Soros’s brother-in-law and was the chairman for the Foundation to Promote Open Society.

Foundation to Promote Open Society was a funder for the Brookings Institution (think tank), the ClimateWorks Foundation and the Carnegie Endowment for International Peace (think tank).

Donald V. Fites is a trustee at the Carnegie Endowment for International Peace (think tank) and was the chairman for Caterpillar Inc.

Jessica Tuchman Mathews is the president of the Carnegie Endowment for International Peace (think tank) and was an honorary trustee at the Brookings Institution (think tank).

Ed Griffin’s interview with Norman Dodd in 1982

(The investigation into the “Carnegie Endowment for International Peace uncovered the plans for population control by involving the United States in War”)

http://www.illuminati-news.com/110106a.htm

James F. Collins is a senior associate at the Carnegie Endowment for International Peace (think tank) and was a U.S. ambassador for Russia.

Carnegie Endowment for International Peace (think tank) was a funder for the Nuclear Threat Initiative (think tank).

Igor S. Ivanov is a director at the Nuclear Threat Initiative (think tank) a director at the United Nations Foundation and was the minister of foreign affairs for Russia.Ted Turner is a co-chairman for the Nuclear Threat Initiative (think tank), the chairman for the United Nations Foundation and the founder for the Turner Broadcasting System Inc.

Vivian Schiller was the Russian interpreter for the Turner Broadcasting System Inc.

Carnegie Endowment for International Peace (think tank) was a funder for the Nuclear Threat Initiative (think tank).

Foundation to Promote Open Society was a funder for the Carnegie Endowment for International Peace (think tank).

George Soros was the chairman for the Foundation to Promote Open Society and is a board member of the International Crisis Group.

Yegor Gaidar was a board member of the International Crisis Group and the prime minister for Russia.

Igor S. Ivanov is a board member of the International Crisis Group and a director at the Nuclear Threat Initiative (think tank) and was the minister of foreign affairs for Russia.

Carnegie Endowment for International Peace (think tank) was a funder for the Nuclear Threat Initiative (think tank).

William J. Perry is a director at the Nuclear Threat Initiative (think tank) and was a co-director for the Center for International Security and Arms Control.

Michael A. McFaul was a research associate at the Center for International Security and Arms Control and is the U.S. ambassador for Russia.

Resources: Past Research

Marriott CEO: Anti-'gay' laws are not OK (Past Research on Marriott International Inc.)

MONDAY, APRIL 11, 2016

https://thesteadydrip.blogspot.com/2016/04/marriott-ceo-anti-gay-laws-are-not-ok.html

Wells Fargo to repay $25 billion bailout (Past Research on Citigroup Inc.)

MONDAY, MARCH 9, 2015

https://thesteadydrip.blogspot.com/2015/03/wells-fargo-to-repay-25-billion-bailout.html

Deere to lay off more than 1,000 workers; Caterpillar Closing Plants (Past Research on Deere and Caterpillar)

SUNDAY, JANUARY 25, 2015

https://thesteadydrip.blogspot.com/2015/01/deere-to-lay-off-more-than-1000-workers.html

Russia to Ukraine: Surrender Crimean Forces or Face 'Military Storm' (Past Research on Russia)