
Why Skills-First Leadership Is Replacing the Ivy League Playbook in the C-Suite
The old prestige pyramid—where Ivy League degrees and blue-chip consulting backgrounds paved the way to the CEO seat—is cracking.
June 3, 2022: -On Thursday, U.S. stocks were mixed after technology bellwether Microsoft gave weak guidance, with the major indexes reaching off of two losing days.
The Dow Jones Industrial Average cleared almost 180 points or 0.6%. The S&P 500 fell 0.5%. The tech-heavy Nasdaq Composite reduced 0.3%.
Shares of Microsoft skated around 2% as the company warned revenue and earnings this quarter would go short of analysts’ estimates.
Other mega-cap technology names followed suit, with Apple and Amazon each down around 1%.
Traders also parsed through corporate earnings results. Hewlett Packard Enterprise lost around 8% following slight misses on both earnings and revenue.
Whereas the shares of pet retailer Chewy increased about 15% after the company reported strong quarterly results.
Investors eyed employment data showing the slowest job creation pace of the pandemic-era recovery. On Thursday, ADP reported that the private sector employment rose by just 128,000, falling well short of the 299,000 Dow Jones estimate. According to the Labor Department, in a different report on Thursday, initial jobless claims in the previous week fell and were not as expected.
The closely-viewed jobs report for May is slated for release on Friday. Economists expect 325,000 nonfarm jobs were added in the previous month, compared with 428,000 in April.
The three major stock averages are down at least 1% on the holiday-shortened week.
“Our view is cautious as we close out the second quarter,” said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. “Global central bank uncertainty and the pace of tighter monetary policy, still-tight global energy markets, and headwinds for corporate earnings growth are risks for investors,” he added.
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
Maushum Basu is a visionary leader who inspires his team with a clear, compelling purpose. Unafraid to take calculated risks, he understands that growth often stems from change and innovation. His deep commitment to both Airia Brands, Inc.
When speaking with Martin Paquette, one thing is immediately apparent: he’s honest. His transparency is refreshing. While many shy away from such vulnerability, Paquette sees it as a force to reckon with. The incredible emotional intelligence speaks to years of looking within—it’s also what allows him to acknowledge his mistakes gracefully and use them as opportunities to innovate.
Marina Charriere, CEO of Star Drug Testing Services, Star Drug Testing Services (Windsor Park), and First Defence Face Masks go hand in hand. Star is a drug and alcohol testing facility, and First D F M is a face mask company.
Lejjy Gafour, CEO, CULT Food Science Corp. Lejjy is a self-taught entrepreneur and experienced company operator who made his start creating opportunities at the young age of 14, and he has been working, leading, and building businesses ever since.
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