
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.
February 7, 2022: -On Friday, Britain’s competition regulator said that it had fined Facebook-owner Meta £1.5 million ($2 million) over new issues regarding its purchase of Giphy, a sanction that the U.S. firm said it would accept.
Britain’s Competition and Markets Authority (CMA) has taken a tough line with significant-tech groups in the latest years, investigating their dominance of markets like digital advertising and seeking to block the Facebook-Giphy deal.
The CMA ordered Meta to sell animated images platform Giphy, which it acquired for a reported $400 million in May 2020, after it decided the remedies offered by the U.S. company did not respond to its concerns over the impact of digital advertising.
It said on Friday that Meta had failed to comply with certain aspects of its requirements regarding the handling of Giphy, with the U.S. firm failing to notify the U.K. regulator that crucial staff had left Meta.
The CMA described this as a “serious and particularly flagrant nature of Meta’s failure to comply” with rules it set to make sure the two firms were still competing with each other and did not integrate, while the regulator investigated the deal.
Friday’s announcement marks a new deterioration in relations between the U.S. tech giant and the U.K. regulator.
The CMA fined Facebook 50.5 million pounds over other breaches in October last year and ordered Meta to sell Giphy. Meta is appealing the ruling to sell. It said on Friday it did not agree with the CMA’s latest fine but would pay it.
It added that it could not prevent staff from leaving the company.
“We intend to pay the fine, but it is problematic that the CMA can take decisions that could directly impact the rights of our U.S. employees protected under U.S. law,” a spokesperson said.
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
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.
Marina Charriere, CEO of Star Drug Testing Services, Star Drug Testing Services (Windsor Park), and First Defence Face Masks go hand in hand. Star is a drug and alcohol testing facility, and First D F M is a face mask company.
Lejjy Gafour, CEO, CULT Food Science Corp. Lejjy is a self-taught entrepreneur and experienced company operator who made his start creating opportunities at the young age of 14, and he has been working, leading, and building businesses ever since.
Leave us a message
Subscribe
Fill the form our team will contact you
Advertise with us
Fill the form our team will contact you