The Great Russian Business Retreat, Costs of Hybrid Work, & Family Flight Plans 2/21/23

Nearly a year since Russia’s invasion of Ukraine, President Biden is in Kyiv and Poland. Yale School of Management’s Senior Associate Dean for Leadership Studies Jeffrey Sonnenfeld discusses the business retreat from Russia, highlighting companies that have exited the country. Sonnenfeld suggests that the war and the resulting corporate protest has exposed Russia’s economic irrelevance. Manhattan workers are spending $12B less per year, due to remote work. Partnership for New York City President & CEO Kathryn Wylde discusses the demands of a new generation of workers and the many employers betting on a future of hybrid work. Plus, Meta is rolling out Meta Verified, a new paid verification subscription service, lumber prices hit Home Depot’s bottom line, and some airlines are planning to accommodate families–for free!

 

In this episode:

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Katie Kramer, @Kramer_Katie