Placing energy and fuel sanctions on Japan was the key factor leading Emperor Hirohito to approve Admiral Yamamoto’s plan to attack Pearl Harbor on Dec. 7, 1941. Sanctions may seem a lesser evil to war, but the other side may not find the idea quite as appealing an alternative.
Jeff Cunningham writes about leadership and business, boards and corporate governance. He is the founder of Directorship magazine and currently serves as managing director and senior advisor to NACD. Previously, he was president of the Internet venture firm CMGI, publisher of Forbes and managing partner of the U.K. private equity firm Schroders. He has served as an independent board chair or director of 10 public companies. The views expressed are his own.

