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.
November 19, 2021: According to a filing released before the market opened Thursday, Indebted property developer China Evergrande is set to increase about $273 million by selling its remaining shares in film production and streaming company HengTen Networks.
Shares of Evergrande fell 5.7% Thursday. Helen shares jumped nearly 25%.
Evergrande, the huge issuer of U.S. dollar-denominated debt among Chinese real estate developers, has teetered on the edge of official default this year. The company has made 11th-hour payments and resumed construction on apartments owed to buyers. But that’s only a fraction of what the developer owes.
The sale of HengTen is Evergrande’s effort to raise capital. The filing said that the deal is worth 2.13 billion Hong Kong dollars, with 20% or $54.6 million due within five business days and the rest in two months.
On Wednesday, according to a filing with the Hong Kong stock exchange, the developer said it reached an agreement to sell about 1.66 billion HengTen shares to Allied Resources Investment Holdings for 1.28 Hong Kong dollars each.
That’s about 24% below HengTen’s closing price on Wednesday of 1.69 Hong Kong dollars a share.
The transaction is representing about 18% of HengTen’s issued shares. An August 1 filing showed a Tencent subsidiary agreeing to buy 7% of the company from an Evergrande subsidiary in a deal worth 2.07 billion Hong Kong dollars.
HengTen’s subsidiary Ruyi Films was one of the producers of “Hi, Mom,‘’ a hit move in China. It grossed 5.41 billion yuan, or about $838 million at the time, which makes it the top-grossing movie by a female director, according to Chinese ticketing platform Maoyan.
Evergrande was founded in the 1990s as a real estate developer before expanding into new energy vehicles, life insurance, and spring water.
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
Zelenskiy–Trump summit boosts markets as equities rise and the dollar steadies amid growing peace hopes. Investors await Fed insights at Jackson Hole for further direction.
Statistics Canada is investigating an accidental early release of June manufacturing data, raising concerns over data governance and market integrity. The agency has launched an internal review to strengthen its publishing protocols.
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.
Leave us a message
Subscribe
Fill the form our team will contact you
Advertise with us
Fill the form our team will contact you
