Putin's war is a challenge to global corporate conscience

Putin's war is a challenge to global corporate conscience
Don't underestimate the impact of "de-arching" on ordinary Russians. (Image: Getty)
David Brain
The mid-May announcement by McDonald’s that it is selling off its entire business in Russia is the most significant move yet by the corporate world in response to Russia’s war in Ukraine.McDonald’s says, “the company expects to record a charge, which is primarily non-cash, of approximately US$1.2-1.4 billion”. Even for a business valued at US$240b that is quite a hit.But McDonald’s exit is significant because its opening in Russia 30 years ago was the most potent commercial symbol that, after years of cold wa...

More Opinion

The last tax cut?
Opinion

Dileepa Fonseka: The last tax cut?

National's tax reductions have proven to be a millstone around its neck.

Dileepa Fonseka 07 Oct 2024
TPT Group still hungry for acquisitions after 25 years
Opinion

Paul McBeth: TPT Group still hungry for acquisitions after 25 years

Even when times are tight, there’s always time to celebrate success.

Paul McBeth 04 Oct 2024
The case for an NZX short-selling register
Markets

Pattrick Smellie: The case for an NZX short-selling register

Trusted markets need transparency and data. Spark's share price fall is case in point.

Pattrick Smellie 03 Oct 2024