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.
February 3, 2022: -Novartis reported fourth-quarter operating income slipped 3% despite higher sales as marketing and development costs rose.
The Swiss pharma giant’s quarterly operating income came in at $2.6 billion, it said in a statement on Wednesday. Core operating income rose 9% to $3.8 billion.
This year, it added its expected core operating income to grow in the mid-single-digit percentage range.
Vasant Narasimhan, CEO of Novartis, told CNBC’s “Squawk Box Europe” Wednesday that there has been an acceleration in innovative medicine and that this momentum will carry the company onward in 2022.
In October, the drugmaker had raised the possibility of divesting its generic drugs arm, Sandoz. Speaking to CNBC, Narasimhan said: “It’s early days. We have started the strategic review, we are working on the carve-out financials, we have had some inbound interest from a range of different parties, but I would say it is still too early for us to say in which direction the strategic review is going to go.”
He added that Novartis is expecting “more solid proposals” for Sandoz throughout this year, and “we will be able then to take a concrete decision before the end of the year.”
Reports have suggested that Blackstone and Carlyle, two investment groups, are interested in Sandoz and could be joining forces to buy the unit.
The old prestige pyramid—where Ivy League degrees and blue-chip consulting backgrounds paved the way to the CEO seat—is cracking.
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Zelenskiy–Trump summit boosts markets as equities rise and the dollar steadies amid growing peace hopes. Investors await Fed insights at Jackson Hole for further direction.
Statistics Canada is investigating an accidental early release of June manufacturing data, raising concerns over data governance and market integrity. The agency has launched an internal review to strengthen its publishing protocols.
Investor confidence in France is deteriorating as political gridlock and budgetary uncertainty deepen.
The Fort McMurray First Nation Group of Companies is the wholly owned business entity of Fort McMurray 468 First Nation. It was established in 1987 as Christina River Enterprises, and the organization rebranded as FMFN Group in 2021. Providing Construction, Custodial, Petro-Canada Fuel & Convenience Store, and Transportation services to a broad portfolio of customers, the Group of Companies is creating financial stability and prosperity for the Nation.
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