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.
April 12, 2021: –McDonald’s is closing hundreds of restaurants inside Walmart as customers increasingly shop online and opt for the drive-thru window.
On Friday, the big-box retailer confirmed that the fast-food chain would have nearly 150 locations that remain all around its 3,570 SuperCenters. That has gradually decreased over the years from a peak of almost 1,000 locations.
Many Walmart shoppers buy their groceries online and have them dropped in their trunks in the parking lot or delivered to their homes, freeing them from the need to step inside stores. Walmart’s e-commerce sales in the U.S. increased by 79% in the recent fiscal year.
Chains such as Sweetgreen, Shake Shack, and Chipotle Mexican Grill have announced their plans to bring even more drive-thru lanes as customers prefer the convenient and contact-free way.
McDonald rushed their plans to close the restaurants while the pandemic. In a call with investors in July, Chief Financial Officer Kevin Ozan said the fast-food chain would accelerate closures expected in the coming years, including over 100 Walmart locations with a low volume of business.
Walmart plans to convert former McDonald locations into other restaurants and services, including some with a more regional feel or unique spin, Walmart spokeswoman Molly Blakeman said.
She said it is testing locations with Yum Brand’s Taco Bell and Domino’s Pizza. In other stores, she told space has become different types of shops that offer a wide range of products, from tool rentals to hair braiding.
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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