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.
May 24, 2021: On Friday, Bitcoin price hovered above the $40,000 level, as a comeback for the world’s top cryptocurrency was checked by worries around regulation.
According to Coin Metrics data, the digital coin was up 1.7% for $40,841 by 6 a.m. ET. It bounced over the $42,000 mark on Thursday as digital currencies attempted to rebound from a brutal sell-off this week.
On Friday, other cryptocurrencies were red, with ether down 2.2% at $2,741, XRP off by 4.6% at $1.13, and litecoin is decreasing 2.4% to $206. Dogecoin, meme-inspired crypto supported by CEO of Tesla, Elon Musk, was decreased up to 2.6% at 39 cents.
On Friday, Bitcoin’s gains were capped after the U.S. Treasury Department said a day before that it would require any cryptocurrency transfer worth above $10,000 to be reported to the Internal Revenue Service.
“Cryptocurrency already poses a significant detection problem by facilitating illegal activity broadly, which include tax evasion,” the Treasury said.
It’s the recent sign of an impending regulatory crackdown on cryptocurrencies. This week, China issued a warning reiterating that financial institutions and payment firms forbid providing crypto-related services.
On Wednesday, Bitcoin and other cryptocurrencies slid as much as 30%, as investors reacted to the statement from China and mixed signals from Tesla CEO Elon Musk.
Musk became a supporter of bitcoin this year, with Tesla purchasing $1.5 billion worth of the cryptocurrency and accepting it briefly as a means of payment.
However, he halted the vehicle Tesla purchases with bitcoin last week, citing concerns over bitcoin’s colossal energy consumption.
Critics have long warned about bitcoin’s environmental impact. According to Cambridge University researchers, cryptocurrency uses as much electricity as entire countries like the United Arab Emirates and Pakistan.
The old prestige pyramid—where Ivy League degrees and blue-chip consulting backgrounds paved the way to the CEO seat—is cracking.
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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.
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.
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