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Steven Tian

  • It’s Time to Disentangle from China

    As the risks of dependence on China become more apparent, a few companies are diversifying their supply chains. But inertia and short-term thinking are keeping many companies tethered to markets and suppliers in the world’s second-largest economy, write Yale SOM’s Jeffrey Sonnenfeld and Steven Tian and investor Kyle Bass.

    The Zhongfu Shenying Carbon Fiber Company in Xining, China
  • Why Connecticut’s Investments Are Underperforming

    Yale SOM’s Jeffrey Sonnenfeld and Steven Tian and their team found that Connecticut’s return on its pension fund investments is among the worst in the nation. Their analysis of all 50 states offers some avenues for improvement.

    The Connecticut State Capitol in Hartford with dark clouds in the sky
  • The Dominion Settlement Is Just the Beginning of Fox’s Nightmare

    Yale SOM’s Jeffrey Sonnenfeld and Steven Tian write that the historic settlement and the revelations that preceded it have left Fox Corporation damaged and vulnerable to additional litigation.

    A sign reading "How do you Fox News?"
  • The Fed Pushed Silicon Valley Bank Off the Cliff

    Yale SOM’s Jeffrey Sonnenfeld and Steven Tian and Jeremy Siegel of the Wharton School write that the Federal Reserve’s impatience in taming inflation could tip the economy into crisis.

    Customers outside the  headquarters of the Silicon Valley Bank on March 13.
  • With ‘Zero Visibility’ into the Russian Economy, the IMF is Parroting Putin’s Line

    Rather than admitting ignorance, write Yale’s Jeffrey Sonnenfeld, Stephen Roach, and Steven Tian, the IMF is accepting the Kremlin’s statistics—and fueling pessimism about the impact of sanctions.

    Vladimir Putin visiting the Ustianskiy timber complex in Arkhangelsk, Russia, in February. 
  • A Year after the Invasion, the Russian Economy Is Self-Immolating

    Economic pressure and a talent drain are pushing Russia into permanent irrelevance, write Yale SOM’s Jeffrey Sonnenfeld and Steven Tian.

    A vacant commercial building in Moscow on February 10. 
  • 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.