
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.
Aug 01, 2022: -On Thursday, China’s top leaders signaled that no vital stimulus for economic growth was on the way and downplayed the need to achieve the “5.5%” GDP target.
According to Thursday’s condition media readout of the leaders’ meeting, authorities said they would stabilize employment and prices in the year’s second half. Chinese President Xi Jinping headed the economic discussion, held regularly with the leadership of China, understood as the Politburo.
That high-level word of stabilizing prices shows there won’t be any additional expansionary policies, Wang Jun, a director at the China Chief Economist Forum, says in a phone interview. He notes that high inflation overseas and expected China would encounter additional significant inflationary pressure in the coming months.
One of the most significant stimulus announcements came in late May when China’s State Council, the top executive body of the country, announced 33 economic support measures which range from tax refunds to infrastructure investment.
While Wang expected to use credit and local government bonding to support the economy, he said authorities would not likely “force” 5.5% growth.
China’s gross domestic product increased by just 2.5% in the first half of the year from a year ago, after the economy declined in the second quarter. The worst Covid-19 outbreak since 2020 locked down the metropolis of Shanghai, while related restrictions in other parts of China hit business activity.
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.
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