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 12, 2021: According to a securities filing, CEO of Tesla, Elon Musk’s brother Kimbal Musk, sold 30,000 shares of the company at the beginning of this month for roughly $25.6 million.
Kimbal Musk is the younger one, a member of the board of directors at the pioneering electric automaker.
Another director named Antonio Gracias sold more than 150,000 shares this month, according to securities filings.
The sales start after a dramatic run for the company’s shares. The automaker’s stock is up more than 400% in the last year, with Tesla earning inclusion in the S&P 500 last year.
Shares have, however, stalled in recent weeks and are slightly down in the past month.
According to the security filings, Kimbal Musk’s sales came at just above $850 per share. On Wednesday, Tesla’s stock closed at only under $805 per share.
The sale shows about 5% of Musk’s stake in Tesla. According to FactSet, he held 600,000 shares of the company in October, making him the fifth-largest insider stockholder at the company.
He sold a large amount of stock last September too.
Musk, a restaurateur, was a board member for Chipotle Mexican Grill previously.
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
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