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 5, 2021: -General Motors missed Wall Street’s earnings expectations for the second quarter despite a substantial profit and raising its guidance of 2021.
GM’s second-quarter earnings were brought down because of about $1.3 billion in warranty recall costs, which include $800 million related to the Chevrolet Bolt EV. The electric vehicle has been recalled two times in the past year regarding the fire risks.
On Wednesday, the automaker raised its adjusted full-year guidance to $11.5 billion and $13.5 billion, up from $10 billion to $11 billion.
GM shares were decreased about 3% in premarket trading to $56.35 per share.
On an unadjusted basis, net income was $2.8 billion for the second quarter in comparison with a loss of $758 million in the second quarter of 2020 because of the coronavirus pandemic causing rolling shutdowns of its factories. The automaker reported adjusted pretax earnings of $4.1 billion for the second quarter, up from a disadvantage of $536 million a year earlier.
GM has been weathering challenges from a global shortage of semiconductor chips, which resulted in the factory shutdowns and is expected to shave billions off the 2021 industry’s earnings.
On Tuesday, GM confirmed its three North American full-size pickup truck assembly plants would be shut down in the coming week due to the shortage.
In June, GM projected better-than-expected results in the second quarter despite the shortage’s industrywide impact, which is also causing record vehicle pricing and profits.
The company said it expects its first-half EBIT-adjusted to range from $8.5 billion to $9.5 billion because of the continued strong demand, better-than-expected results at GM Financial, and improved near-term production. That was up from a forecast of $5.5 billion earlier this year.
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
At seventeen, Professor Richard Rose stepped into a world few adults dare to navigate: the world of children fractured by trauma. He wasn’t a clinician then, nor a scholar. He was simply a young man with a heart tuned to the quiet ache of others.
Following a distinguished Law Enforcement career Joe McGee founded The Securitatem Group to provide contemporary global operational specialist security and specialist security training products and services for private clients, corporate organisations, and Government bodies. They deliver a wide range of services, including complete end-to-end protection packages, close protection, residential security, protection drivers, and online and physical installations. They provide covert and overt investigations and specialist surveillance services with a Broad range of weapons and tactical-based training, including conflict management, risk and threat management, tactical training, tactical medicine, and command and control training.
Jay Wright, CEO and Co-Owner of Virgin Wines infectious energy, enthusiasm, passion and drive has been instrumental in creating an environment that encourages talent to thrive and a culture that puts the customer at the very heart of every decision-making process.
Fabio de Concilio is the visionary CEO & Chairman of the Board at Farmacosmo, a leading organization dedicated to mental health and community support services. With a deep commitment to identifying and meeting customer needs, Fabio ensures that high standards are maintained across the board.
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