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Steven Tian

  • Activist Investor Nelson Peltz’s Track Record Doesn’t Back Up His Bluster

    Peltz, the founding partner of Trian Fund Management, is demanding a seat on Disney’s board. Yale SOM’s Jeffrey Sonnenfeld and Steven Tian found that more than half of the companies with Peltz on their boards have underperformed the market.

    Nelson Peltz pointing at the camera
  • The U.S. Has Thwarted Putin’s Energy Blackmail

    Yale SOM’s Jeffrey Sonnenfeld and Steven Tian write that the Biden administration’s balanced approach has helped Europe maintain its natural gas supply while protecting U.S. interests.

    The Enagas regasification plant at Barcelona’s Liquefied Natural Gas (LNG) terminal. 
  • The CEOs Who Succeeded and Stumbled in 2022

    Yale SOM’s Jeffrey Sonnenfeld and Stevan Tian name five corporate leaders whose accomplishments stood out this year—and five who led their enterprises into rough waters.

    Microsoft CEO Satya Nadella at the 2022 World Economic Forum.
  • Don’t Expect Pollsters to Break Their Losing Streak

    Polls predicted a “red wave,” but Democrats held the Senate and fought to a near-draw in the House. Yale SOM’s Jeffrey Sonnenfeld and Steven Tian write that after a series of polling misses, it’s time to acknowledge the fundamental flaws in pollsters’ approach.

    Voters at a polling station at the Brooklyn Museum on November 8.
  • The Good News You Aren’t Hearing about U.S. Energy Policy

    Yale SOM’s Jeffrey Sonnenfeld and Steven Tian write that energy industry analysts are getting it wrong about the Biden administration’s progress on energy independence and supply.

    Oils tanks in Carson, California, in 2020. 
  • Saudi Arabia’s Sabotage of the Economy Will Backfire

    With its surprise cut in oil production, write Yale SOM’s Jeffrey Sonnenfeld and Steven Tian and Congressman Ro Khanna LAW ’01, Saudi Arabia has chosen to side with the Russian war machine.

    Abdulaziz bin Salman, Saudi Arabia’s Minister of Energy, speaks at a press conference on October 5 after an OPEC+ meeting.
  • Loopholes Persist in the Dragnet around Russia’s Economy

    Yale SOM’s Jeffrey Sonnenfeld and Steven Tian, who have been tracking companies’ disengagement from Russia, write that Asian airlines, European aviation giants, and sanctions evaders are gaming the system and gaining an advantage over their American competitors.

    An aircraft from the Russian carrier Aeroflot seen through a fence in a long-term parking area at Geneva Airport in March 2022.
  • The Myth of Putin as World Energy Czar Is Running Out of Gas

    Media commentary suggests that Russia is using its energy resources to hold the rest of the world hostage. To the contrary, write Yale SOM’s Jeffrey Sonnenfeld and Steven Tian, Russia’s actions have devastated its own economy and undermined its status as an energy exporter.

    A Gazprom employee at the Bovanenkovo gas field on the Yamal peninsula in the Arctic circle in 2019. 
  • Businesses Staying in Russia Are Underperforming the Market

    A new analysis from Prof. Jeffrey Sonnenfeld and his team suggests that the firms cutting ties with Russia are seeing markedly better shareholder returns.

    A young woman near the Kremlin on April 27, 2022.
  • Some of the Biggest Brands Are Leaving Russia. Others Just Can’t Quit Putin.

    Since the invasion of Ukraine, Prof. Jeffrey Sonnenfeld and his team have been tracking which companies have withdrawn from Russia, which are making partial moves, and which are staying put.

    A Subway restaurant in Moscow.