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Just thought that I would post this companion list of companies with a major presence in Russia who have yet to pull out over the war in Ukraine. Scroll to the bottom of the list.
Pretty funny that Amway and Herbalife are still there, given their pyramid-scheme-like structures. Also, there is of course the Betsy DeVos connection to Amway. I can imagine what the Amway salesmanship in a country like Russia might be like.
I doubt the banks can get out too easily even if they want to if they're holding ruble-based debt, which is probably completely illiquid right now. Who's going to buy their debt holdings?
Pretty funny that Amway and Herbalife are still there, given their pyramid-scheme-like structures. Also, there is of course the Betsy DeVos connection to Amway. I can imagine what the Amway salesmanship in a country like Russia might be like.
Thanks for the link to the Moscow speech. But couldn’t take more than 6 minutes of that bombastic crap. Too reminiscent of the over-the-top oratorical machinations of a disgraced former President.
DeVos promised audience he would turn each of them into “a diamond”. Perhaps preview for a new secret weapon in Putin’s arsenal?
Well … Amway sells a lot of cleaning & disinfecting products …
Yes - A pious lot over along that southwestern coast. A good friend at work would kiddingly refer to religion as a “crutch” - necessary for some people to cope with and rationalize the vicissitudes of life. Personally, he disavowed religion - finding alcohol to serve pretty much the same purpose.
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The left off Citibank. Seems they might have a wee bit of exposure to the Russian banking system.
https://fortune.com/2022/03/11/blackrock-banks-lose-billions-tip-iceberg-russia-ukraine/
And so it goes,
peace,
rono
Edit- Looking more closely I now see "Citi at $9.8 B" on the "Remain in Russia list.
DeVos promised audience he would turn each of them into “a diamond”. Perhaps preview for a new secret weapon in Putin’s arsenal?
Such a wonderful group of folks evolving from a highly christian area in Michigan.
I suppose the "onward Christian soldier" rings in their brains.
Erik Prince, Betsy Devos bro'.
Well … Amway sells a lot of cleaning & disinfecting products …
Yes - A pious lot over along that southwestern coast. A good friend at work would kiddingly refer to religion as a “crutch” - necessary for some people to cope with and rationalize the vicissitudes of life. Personally, he disavowed religion - finding alcohol to serve pretty much the same purpose.