Why Skills-First Leadership Is Replacing the Ivy League Playbook in the C-Suite
05/23/2025
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The old prestige pyramid—where Ivy League degrees and blue-chip consulting backgrounds paved the way to the CEO seat—is cracking.
May 14, 2021: -On Wednesday, Tesla CEO Elon Musk said on Twitter that Tesla has “suspends vehicle purchases through bitcoins” out of concern regarding “rapidly increasing use of fossil fuels for bitcoin mining.”
The price of bitcoin dropped around 5% in the first minutes after Musk’s announcement.
In an SEC filing in February, Tesla reveals that it bought $1.5 billion worth of bitcoin, and it may invest in bitcoin or other cryptocurrencies in the future.
At that time, the company says that it would start accepting bitcoin as a payment method for its products.
Tesla’s support for cryptocurrency contributed to the prices of cryptocurrencies, which include bitcoin and dogecoin, skyrocketing in recent months.
“Tesla has suspended vehicle purchases using Bitcoin. We are concerned about the rapidly increasing use of fossil fuels for Bitcoin mining and transactions like coal, which has the worst emissions of any power. Cryptocurrency is a good idea on many levels, and we believe it has a promising future, but this cannot come at a high cost to the environment.
Mainstream investors and some corporate buyers, which include Tesla, Square, Metromile, and Nexon, have flocked to bitcoin, which views the digital currency as a potential inflation hedge. At the same time, central banks print money to relieve coronavirus-distressed economies.
Major Wall Street banks such as Goldman Sachs and Morgan Stanley have provided their wealthy clients with exposure to bitcoin.
But some investors, like Softbank founder Masayoshi Son, still don’t buy into the crypto craze.
“There’s a discussion going on over if it’s good or bad, what’s the true value, or is it in a bubble. I don’t know,” Son said at a recent earnings conference.
While Tesla said it would not accept bitcoin for vehicle purchases on Wednesday, Musk specified that Tesla plans to hold rather than sell the bitcoin it already has and would be looking into other cryptocurrencies that require less energy for transactions.
Musk has been a very public fan of bitcoin and dogecoin, tweeting and joking about these with his millions of Twitter followers over the past year.
The old prestige pyramid—where Ivy League degrees and blue-chip consulting backgrounds paved the way to the CEO seat—is cracking.
Loud leaders once ruled the boardroom. Charisma was currency. Big talk drove big valuations.
But the CEOs who make history in downturns aren’t the ones with the deepest cuts
Companies invest millions in leadership development, yet many of their best executives leave within a few years. Why?
The most successful business leaders don’t just identify gaps in the market; they anticipate future needs before anyone else.
With technological advancements, shifting consumer expectations, and global interconnectedness, the role of business leaders
At seventeen, Professor Richard Rose stepped into a world few adults dare to navigate: the world of children fractured by trauma. He wasn’t a clinician then, nor a scholar. He was simply a young man with a heart tuned to the quiet ache of others.
Following a distinguished Law Enforcement career Joe McGee founded The Securitatem Group to provide contemporary global operational specialist security and specialist security training products and services for private clients, corporate organisations, and Government bodies. They deliver a wide range of services, including complete end-to-end protection packages, close protection, residential security, protection drivers, and online and physical installations. They provide covert and overt investigations and specialist surveillance services with a Broad range of weapons and tactical-based training, including conflict management, risk and threat management, tactical training, tactical medicine, and command and control training.
Jay Wright, CEO and Co-Owner of Virgin Wines infectious energy, enthusiasm, passion and drive has been instrumental in creating an environment that encourages talent to thrive and a culture that puts the customer at the very heart of every decision-making process.
Fabio de Concilio is the visionary CEO & Chairman of the Board at Farmacosmo, a leading organization dedicated to mental health and community support services. With a deep commitment to identifying and meeting customer needs, Fabio ensures that high standards are maintained across the board.
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