Why Recessions Forge Great CEOs Who Think Beyond Cost-Cutting
04/15/2025
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But the CEOs who make history in downturns aren’t the ones with the deepest cuts
March 8, 2022: -U.S. equity futures fell Monday morning as U.S. oil prices briefly jumped to their highest level since 2008 between the ongoing war between Russia and Ukraine. Dow futures lost about 300 points, or 0.8%, while S&P 500 futures and Nasdaq 100 futures slid 0.7% and 0.75%, respectively. Futures came off their lows as oil prices came off their highs overnight.
West Texas Intermediate crude futures, the U.S. oil benchmark, traded 6.3% higher to $122.96 per barrel, earlier hit $130 per barrel at one point before pulling back partially. The international benchmark, Brent crude, traded 6.24% higher to $125.51 per barrel after earlier spiking to $139.13 per barrel, the highest since July 2008.
Oil stocks increase in premarket trading alongside the price of oil. Phillips 66 rose 3%, and Baker Hughes added 3.6%. Valero Energy and ConocoPhillips increase 2% each.
On Sunday, Secretary of State Antony Blinken said that the U.S. and its allies are considering banning Russian oil and natural gas imports in response to the country’s attack on Ukraine.
House Speaker Nancy Pelosi also said in a letter to Democratic colleagues that the chamber is “exploring strong legislation” to ban the import of Russian oil. This move would “further isolate Russia from the global economy.”
According to AAA, gas prices surged to their highest level since 2008, with the national average hitting $4.06 a gallon.
Government bond yields rose despite the move away from risk, indicating less demand for safe-haven assets. The benchmark 10-year Treasury note was recently at 1.76%, up nearly four basis points on the session as inflation worries pushed yields up.
Still, bank stocks were among the most significant early losers, with Citigroup down 3.9% and U.S. Bancorp down nearly 3% as economic pressure weighed on the financial sector.
One of the big winners on the morning was Bed, Bath & Beyond, which soared over 75% premarket after GameStop Chairman Ryan Cohen revealed he had a nearly 10% stake in the retailer through his investment company RC Ventures.
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.
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April 23, 2025: The Canadian government has introduced new legislation to regulate the use of artificial intelligence in education and healthcare, focusing on accountability,
April 17, 2025: Prime Minister Justin Trudeau s government is under growing political pressure over its current immigration strategy.
But the CEOs who make history in downturns aren’t the ones with the deepest cuts
April 15, 2025: Multiple wildfires burning across northern and central Alberta have triggered large-scale evacuations.
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