Why Skills-First Leadership Is Replacing the Ivy League Playbook in the C-Suite
05/23/2025
No Comments
The old prestige pyramid—where Ivy League degrees and blue-chip consulting backgrounds paved the way to the CEO seat—is cracking.
January 23, 2023: Netflix stated that millions more subscribers in the fourth quarter than Wall Street anticipated, helping to send streamer shares up after the bell despite a big earnings miss.
The company disclosed that co-CEO Reed Hastings stepped down from his position and transitioned to the post of executive chairman. Greg Peters, the firm’s chief operating officer, has been heightened to co-CEO alongside the already-established Ted Sarandos.
Netflix’s EPS was missed mainly due to a loss related to euro-denominated debt, but its limits of 7% still topped Wall Street’s expectations. The devaluation of the U.S. dollar compared to the euro in the fourth quarter isn’t an operational loss.
This is the initial quarter that Netflix’s new ad-supported service is included in its revenue results. The firm launched this cheaper tier in November but has yet to disclose the portion of the new subscriptions from users who have opted for this service.
During the firm’s prerecorded earnings call, Netflix said it had seen comparable engagement from its new ad tier members as it had seen with its regular consumers. Additionally, it noted that it had yet to see many people switching plans. So, the subscribers to its premium and more expensive offerings are bumping down to the cheaper ad-supported model.
“We would not be getting into this firm if it couldn’t be a worthy portion of the business,” stated Spencer Neumann, the company’s chief financial officer, in the call. “We’re more than $30 billion in revenue, almost $32 billion in earnings, in 2022, and we will not get into a business like this if we didn’t believe it could be huge than at least 10% of our revenue.”
The streamer has stated that it was “very optimistic” about its recent advertising business in the previous quarter. In the future, Netflix will no longer give subscriber guidance, although it will report those numbers in future earnings files. The rationale is that the firm is growing its focus on revenue as its primary top-line metric instead of membership growth.
“2022 was a difficult year, with a tough begin but a brighter finish,” the company said. “We believe we have a clear way to reaccelerate our earnings growth, continuing to improve all aspects of Netflix, which launch paid sharing and building our ads offering. As constantly, our north stars remain delighting our members and building even greater profitability more than time.”
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
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.
Maushum Basu is a visionary leader who inspires his team with a clear, compelling purpose. Unafraid to take calculated risks, he understands that growth often stems from change and innovation. His deep commitment to both Airia Brands, Inc.
When speaking with Martin Paquette, one thing is immediately apparent: he’s honest. His transparency is refreshing. While many shy away from such vulnerability, Paquette sees it as a force to reckon with. The incredible emotional intelligence speaks to years of looking within—it’s also what allows him to acknowledge his mistakes gracefully and use them as opportunities to innovate.
Marina Charriere, CEO of Star Drug Testing Services, Star Drug Testing Services (Windsor Park), and First Defence Face Masks go hand in hand. Star is a drug and alcohol testing facility, and First D F M is a face mask company.
Leave us a message
Subscribe
Fill the form our team will contact you
Advertise with us
Fill the form our team will contact you
