
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.
April 27, 2022: -Amazon’s billionaire co-founder Jeff Bezos has weighed in on Elon Musk’s deal to buy Twitter for $44 billion.
On Monday, Bezos shared a tweet suggesting that China may gain more influence than Twitter once the acquisition completes.
“Did the Chinese government just gain leverage over the town square?” Bezos wrote, which hints at Musk’s business ties to China. The Tesla CEO established a factory in Shanghai, and the company relies heavily on Chinese firms to supply the materials that go into its batteries.
On Monday, Twitter’s board agreed to an acquisition of the company by Musk. Twitter took private at $54.20 for each share in a deal valuing the firm at $44 billion.
Twitter is banned in China. Beijing’s so-called “Great Firewall” prohibits access to several Western social media sites, including Facebook, Instagram, and YouTube.
“My answer to this question is probably not,” Bezos added. “The more outcome in this regard is complexity in China for Tesla, instead of censorship at Twitter.”
“But we’ll see. Musk is good at navigating this kind of complexity,” he added.
Despite the caveat, Bezos’ comments are the latest in a long-running feud between the two billionaires.
The pair have sparred over their respective space ambitions over the years. Musk is CEO of SpaceX, and Bezos runs his space venture, Blue Origin.
While Musk has promised to improve Twitter’s role as a “digital town square” in which users can speak and debate freely, the takeover has sparked concern from a few politicians and campaigners who worry it will give the richest man too much control over online discourse.
Billionaires owning media companies is not a recent phenomenon, however. Bezos himself owns The Washington Post, while Salesforce CEO Marc Benioff bought Time Magazine in 2018. But Twitter is unique in that it’s a platform where millions of people interact and share content and, as such, is under scrutiny from regulators.
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
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.
Leave us a message
Subscribe
Fill the form our team will contact you
Advertise with us
Fill the form our team will contact you