After Yale ‘F’ grade, Huntsman CEO defends company’s decision to remain in Russia

In the two and a half months since Russia’s unprovoked invasion of Ukraine, nearly 1,000 companies have curtailed operations in Russia beyond the minimum required by international sanctions – as a form of boycott.

Yale University’s School of Management maintains a list of companies that have (or haven’t) withdrawn from Russia in opposition to the war. According to one Yale researcher “we’ve never seen so many companies withdraw from a major economy” over so short a span of time.

In April, the Deseret News reported on a couple of Utah companies that appeared on the list, doTerra and Young Living, two essential oil juggernauts based in Utah County. Both companies are currently given a “D” grade by Yale for “postponing future planned investment/development/marketing while continuing substantive business” in Russia.

One company receiving even lower marks from Yale is the Utah-connected (but Houston-headquartered) Huntsman Corporation, one of the largest chemical manufacturers in the world.

Today on “In the Hive,” the Yale list and why one company says they’re not participating in the corporate boycott of Vladimir Putin’s bloody invasion of Ukraine.

Guests:
Peter Huntsman, CEO and Chairman of Huntsman Corporation
Jeffrey Sonnenfeld, senior associate dean and professor with the Yale School of Management
Steven Tian, director of research for the Yale Chief Executive Leadership Institute at the Yale School of Management

Andrew Haley, who teaches about the global forcibly displaced people crisis at Portland State University, contributed to this episode.

Play