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.
January 10, 2023: -Ant Group’s creator Jack Ma will be giving up control of the Chinese fintech company in an overhaul that seeks to draw a stripe under a regulatory crackdown triggered soon following its mammoth stock market debut was scuppered the previous two years.
Ant’s $37 billion IPO, which would include been the world’s most significant, was cancelled at the previous minute in November 2020, leading to a forced reconstruction of the financial technology company and belief the rich Chinese person would have to cede control.
While few analysts have stated that submitting control could clear the way for the firm to revive its IPO, the group’s changes on Saturday will likely delay further because of listing regulations.
China’s domestic A-share market is needed companies to wait three years following a change in control to list. The wait is two years on the Nasdaq-style STAR call and every year in Hong Kong.
According to Reuters analyses, Ma, a retired English teacher, possessed over 50% of voting rights at Ant, but the changes meant his share declined to 6.2%.
Ma owns a 10% stake in Ant, an affiliate of e-commerce firm Alibaba Group Holding Ltd <9988.HK>, but has exercised control over the firm through affiliated entities, according to Ant’s IPO prospectus filed with the exchanges in 2020.
The prospectus shows that Hangzhou Yunbo, an investment vehicle for Ma, had control of more than two other entities, which a combined 50.5% stake in Ant.
Ma’s ceding of control comes as Ant nears the completion of the regulatory-driven restructuring. The Chinese government is poised to put a fine of over $1 billion on the enterprise, Reuters stated in November.
The anticipated penalty is part of Beijing’s sweeping and unprecedented crackdown on the firm’s technology titans over the previous two years. It has sliced hundreds of billions of money off their values and shrunk earnings and profits.
But Chinese authorities have, in latest months, softened their tone on the tech crackdown between efforts to increase a $ 17 trillion economy that the COVID-19 pandemic has badly hurt.
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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