Companies leaving Russia are caving to public pressure, not actually making a difference

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almost 1,000 western companies that have partly, or entirely, ceased operations in Russia. They did so, not just to comply with sanctions, but as a voluntary reaction to the war.

Some even made hefty financial sacrifices. McDonald’s, for example, expects a hit of up to US$1.4 billion.

it is textbook corporate social responsibility — a form of self-regulation in which companies make commitments to the broader social good.

Qn: 'Big companies are concerned only with profits.' Is this a fair assessment? (RI Prelim 2022)