Russian Tycoons’ Lost Wealth | Stocks Most Vulnerable To Putin’s War | New Joiners’ Benefits Bonanza

Plus: Biden And Allies Are Coming For Russian Billionaires’ Yachts: Forbes Tracked Down 32. Here’s Where To Find Them

Good morning.

Russian President Vladimir Putin may have priced in the cost of invading Ukraine for the Russian people and the country’s economy—but the 16 Russian billionaires hit by sanctions so far and the 10 tycoons who have lost their billionaire status could be less prepared to withstand such losses, as well as the seizure of assets such as “their yachts, their luxury apartments, their private jets,” promised by President Joe Biden in his State of the Union speech. We’re also looking at the stocks and funds overexposed to the war in Eastern Europe, and, on a different note, here are some of the perks companies are using to lure new hires.

In The News Today

Republican incumbent Greg Abbott and Democrat challenger Beto O’Rourke won their respective primary races for the Texas governor’s election later this year. Abbott, however, has so far won many more billionaires’ dollars than his rival. 

The number of Ukrainians fleeing Russia’s invasion keeps growing, as Russian jailed opposition leader Alexei Navalny calls for global protests against President Vladimir Putin. Follow our live blogs for real-time updates. 

Top Take-Aways

At least 10 Russian tycoons—including digital bank Tinkoff’s founder Oleg Tinkov and search engine Yandex’s cofounder Arkady Volozh—have had their net worths fall below the three-comma mark as a result of stocks tanking and a tumbling ruble, amid various international sanctions that have already targeted 16 billionaires.

While Ukraine’s largest cities put up a fierce resistance against the Russian army, two former ad-tech entrepreneurs are leading the country’s information warfare charge against the Kremlin—and may be winning on that front.

Stock markets worldwide have been seeing red since Russia invaded Ukraine last week, and American and European companies that have a significant presence in Russia have been hit hard—but these 15 stocks and 10 funds are particularly overexposed.

Russia’s invasion of Ukraine is forcing vulnerable hospital patients underground as they shelter from shelling and the suspected use of weapons banned by international conventions such as cluster bombs. It’s also created a dire need for more medical personnel and threatens essential supplies like oxygen.

Following the lead of carmakers and truck manufacturers, locomotive builders and railroads are turning to batteries big enough to power small towns to curb carbon and diesel emissions, while maintaining a fuel efficiency edge.

In a tight labor market where candidates hold much more power, companies are increasingly pulling out all the stops, trying new time-off programs, investing more in wages and benefits and adding more or bigger sign-on bonuses.

Today's Must Read

In Case You Missed It

The U.S. Supreme Court heard oral arguments on Monday in the case West Virginia v. EPA, which could decide the extent to which the Environmental Protection Agency can set limits on greenhouse gas emissions. The case is unusual for two reasons—firstly, there is no current rule for the Court to judge and, secondly, some companies within the power sector would actually welcome regulation from the EPA. 

Tips You Can Trust

Employees go through new hire check-ins when they join the company and exit interviews when they leave, yet the time in between is often overlooked. At a time when employers focus on retaining talent, here are three reasons why your company should conduct “stay interviews.”

President Joe Biden’s State of the Union speech on Tuesday featured nine narrative key points that leaders should keep in mind when they have to provide updates about crisis situations at their companies or organizations.

Today's Must Watch

Recommendations
From Beyond The Newsroom