
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.
January 27, 2022: -A prominent European Union court has overturned a 1.06 billion euro ($1.2 billion) antitrust fine levied against U.S. chipmaker Intel in 2009.
The fine is handing out by the European Commission, the executive arm of the EU, because Intel had tried to squeeze out its rivals.
The commission had claimed that Intel abused its dominant position on the worldwide market for “x86 2” data center processors between 2002 and 2007 by implementing a strategy intended to exclude competitors from the market.
But the General Court, a constituent court of the Court of Justice of the European Union, rejected the fine Wednesday, saying the commission didn’t do a proper economic analysis of a rebate scheme.
“The (European) Commission’s analysis is incomplete and does not make it possible to establish to the requisite legal standard that the rebates at issue were capable of having, or likely to have anticompetitive effects,” the General Court said in a press release published on its website.
In 2014, the General Court upheld the commission’s 2009 verdict. However, it was subsequently told by the EU Court of Justice, Europe’s highest court, in 2017 to re-examine Intel’s appeal.
An Intel spokesperson told CNBC that the company is currently reviewing the decision. “We will provide more comment when we have completed our initial review,” they said.
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.
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