Why Skills-First Leadership Is Replacing the Ivy League Playbook in the C-Suite
05/23/2025
No Comments
The old prestige pyramid—where Ivy League degrees and blue-chip consulting backgrounds paved the way to the CEO seat—is cracking.
May 8, 2023: Adidas said that its initial-quarter numbers came in better than anticipated. However, sales decreased 1% from a year-ago period, as investors scope for the German sportswear firm to turn its fortunes around.
Adidas, which the previous year ended a lucrative partnership with Ye, the rapper formerly called Kanye West, gave zero updates on what it intends to do with the stock of unsold Yeezy shoes.
Adidas said the Yeezy crisis reached sales in the reported quarter by nearly 400 million euros ($441.56 million), mainly affecting revenue across the North America, Greater China and EMEA regions.
“They refused in Lifestyle, and the loss of Yeezy is hurting us,” said CEO Bjorn Gulden.
Still, Gulden was optimistic regarding the rest of the year. He added that the Terrace shoe style is doing okay in all markets, and Adidas has started to make Samba, Gazelle, and Campus shoes.
Sales came in at 5.274 billion euros, a decrease from 5.302 billion euros in the initial quarter of 2022. According to consensus, which states compiled by the company, analysts expected sales to fall by 4%.
North America was the worst reached by the Yeezy debacle, with currency-neutral sales decreasing 20% from the previous year. Sales in Greater China decreased by 9%, while EMEA sales increased by 4%.
Adidas stated an operating profit of 60 million euros, beating analysts’ anticipation of 15 million euros. Its gross margin decreased to 44.8% due to the loss of Yeezy trade, higher supply chain prices and discounts.
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
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.
Leave us a message
Subscribe
Fill the form our team will contact you
Advertise with us
Fill the form our team will contact you
