Why Skills-First Leadership Is Replacing the Ivy League Playbook in the C-Suite
05/23/2025
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The old prestige pyramid—where Ivy League degrees and blue-chip consulting backgrounds paved the way to the CEO seat—is cracking.
August 26, 2021: -On Tuesday, Meme stock king GameStop rallied 27% as some retail investors came back in full force despite an otherwise quiet market.
The video game retailer increased by 36.5% to $225 apiece in heavy trading volume. According to FactSet, above 14 million shares changed hands, seven times more than its 30-day average.
Other meme stocks also popped.
Shares of AMC Entertainment jumped 20.3%. According to the broker’s website, the movie theater chain was the most active stock on Fidelity’s trading platform as of 2:30 p.m. ET.
Clover Health climbed almost 10%. Bed Bath & Beyond increased by over 4%. Robinhood, earning a meme stock status, advanced 9% on Tuesday on no apparent news.
Outside of the group favored by retail investors, the stock market seemed dull, with most investors awaiting a key Federal Reserve summit on Thursday and Friday. The S&P 500 closed on Tuesday’s session 0.2% higher.
According to FactSet, overall volume was light on Tuesday, with the SPDR S&P 500 ETF trading 30 million shares, about half of its 30-day average.
The Fed’s Jackson Hole symposium is expected to be market-moving, as central bankers could detail their plan for tapering monetary stimulus. The Fed has beginning discussions to pull back its minimum $120 billion a month bond-buying program by the year-end.
The short interest in these meme stocks remained elevated. Almost 28% of AMC’s float shares are sold short, comparing with nearly 5% short interest in a typical U.S. stock, according to S3 Partners. The short interest has declined drastically for GameStop to about 10% from over 100% in January at the height of the meme stock mania.
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
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