Why Recessions Forge Great CEOs Who Think Beyond Cost-Cutting
04/15/2025
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But the CEOs who make history in downturns aren’t the ones with the deepest cuts
April 21, 2022: -Sri Lanka’s Opposition parties are “cautiously optimistic” regarding being the winner enough votes to oust the government-appointed President Gotabaya Rajapaksa, the Leader of the Opposition, Sajith Premadasa, told CNBC.
“I’m optimistic that we will obtain the numbers. It is dependent on our power to persuade,” said Premadasa, heading the Samagi Jana Balawegaya, the main opposition party of the country.
The opposition requires a simple majority of 113 legislators in the 225-seat house to succeed.
Premadasa’s party is currently holding 54 seats in parliament, and few other parties have said they will lend support to the vote.
According to opposition lawmaker Harsha de Silva, crucial to the move will be supported by the 42 ruling party MPs forming an independent bloc and have not so far joined the opposition.
Asked if the president is respecting the verdict of a no-confidence vote against him, Premadasa said he was unsure.
“Time has run out for our country; time has run out for this government. That is very, very dangerous. But it is continuing to ignore the wishes of the people. That is a very imprudent act,” he said.
Premadasa’s comments came soon after the president dropped three members of the Rajapaksa family but retained his elder brother Mahinda Rajapaksa as prime minister.
The South Asian nation has been reeling from months of widespread protests as the economy struggles with mounting debt and falling foreign currency reserves. Prolonged power cuts and shortages in food, fuel, and medicines have triggered mass protests calling for the president to step down.
According to Reuters, the unrest claimed its first fatality when police opened fire at a group of people protesting recent fuel price increases, killing one and injuring a dozen others.
The opposition leader dismissed the recent cabinet appointed by the president on Monday as a “hoax.”
“I would say it’s a kind of game of political musical chairs. I think it’s a hoax, drama,” he said.
Last week, Sri Lanka declared that it would be defaulting on its foreign debt, the first since the independence of the country from colonial Britain in 1948.
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
The leadership landscape is profoundly changing, influenced by technological advancements, shifting workforce expectations, and the need for adaptability in an unpredictable global environment.
In the fast-paced business world, corporate leaders often find themselves at the crossroads of risk and reward, where bold decisions …
But the CEOs who make history in downturns aren’t the ones with the deepest cuts
April 15, 2025: Multiple wildfires burning across northern and central Alberta have triggered large-scale evacuations.
April 10, 2025: The far-right Alternative for Germany (AfD) party has recorded significant gains in regional elections, triggering a wave of political instability across the country
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