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.
September 8, 2023: On Thursday, the multinational cigarette maker decided to trade Russian and Belarusian enterprises in compliance with regional and international laws.
Financial terms of the agreement were not disclosed, but the transaction is expected to be completed within a month, the company said.
“Upon completion, BAT will not have a presence in Russia or Belarus and will receive no financial gain from ongoing sales in these markets,” it added.
Since Russia plagued Ukraine in early 2022, thousands of companies such as Apple, McDonald’s, and Coca-Cola have pulled out of Russia. However, other global tobacco giants, including Japan Tobacco International and Philip Morris International, are still doing business in the country.
London-based BAT is a critical player in the global tobacco market with business operations in over a hundred countries and top brands, including Camel and Newport.
Reuters stated it controlled about 25% of Russia’s fourth-largest tobacco market internationally.
The buyer is a consortium led by BAT Russia’s management team members, which will wholly own the Russian and Belarusian businesses, BAT said. They will then be known as the ITMS Group.
BAT said that the employment of workers in Russia will remain comparable to their current terms for nearly two years after the deal closes.
The old prestige pyramid—where Ivy League degrees and blue-chip consulting backgrounds paved the way to the CEO seat—is cracking.
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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.
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