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.
July 5, 2021: -On Friday morning, Didi shares decreased over 7% after China, where the company is based, announced a cybersecurity review of it.
According to an English translation of China’s announcement, new users will not be able to register for Didi’s ride-hailing service during the country’s cybersecurity review.
China’s move comes two days after Didi held its IPO on the New York Stock Exchange. The stock had to show one more day of gains after closing up around 16% on Thursday. Shares of Didi had increased about 5% in premarket trading prior to China releasing its announcement.
Didi said that it would “fully cooperate” during the review.
“We plan to conduct a comprehensive examination of cybersecurity risks and continuously improve on our cybersecurity systems and technical capacities,” a spokesperson told CNBC via email.
The announcement od China also reflects a broader trend of the country’s regulatory crackdown on technology companies based there that were once regulated. In June, Reuters reported that Chinese regulators use to prob Didi for antitrust violations. Beijing is also reportedly looking into the company’s pricing mechanism.
And in the previous fall, Ant Group’s IPO in Shanghai and Hong Kong was delayed after Chinese regulators stepped in and interviewed the company’s top executives, such as Chairman Jack Ma. Regulators hit Alibaba with a $2.8 billion fine in April, saying the company abused its market dominance.
Didi had warned in its IPO prospectus that it met with regulators earlier this year and several other Chinese internet companies. The ride-hailing company said it might be subject to penalties, as regulatory bodies might not satisfy the inspection results.
“We cannot assure you that the regulatory authorities will be satisfied with our self-inspection results or that we will not be subject to any penalty concerning any violations of anti-monopoly, anti-unfair competition, pricing, advertisement, privacy protection, food safety, product quality, tax, and other related laws and regulations. We expect that these areas will receive greater and continued attention and scrutiny from regulators and the general public going forward,” the company said in its prospectus.
In 2012, it was founded that Didi said it has 493 million annual active riders and 41 million average transactions daily. It started expanding internationally in 2018, and the company now operates in 14 countries outside of China.
In addition to traditional ride-hailing, Didi is heavily invested in making autonomous taxis a reality and operates several segments around mobility.
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
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.
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.
Leave us a message
Subscribe
Fill the form our team will contact you
Advertise with us
Fill the form our team will contact you
