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.
June 19, 2023: On Thursday, New Zealand’s gross domestic product decreased by 0.1% in the initial quarter, according to government data published, as its central bank embarked on one of the world’s most aggressive rate hike cycles.
The latest data from Wellington marks a technical recession for the economy after reporting a fixed 0.7% plunge in the final quarter of 2022.
A technical slump is stated as two consecutive quarters of contraction.
Compared with a year ago, the economy increased by 2.9% in the first quarter. Economists surveyed and anticipated New Zealand to mark a squeeze of 0.1% quarter on quarter and growth of 2.6% year on year.
After the release, the New Zealand dollar declined 0.23% against the U.S. dollar. Stocks were little changed; the S&P/NZX 50 Index traded 0.144% higher.
In its May meeting, the Reserve Bank of New Zealand raised its benchmark rate to a 14-year high, with the 25-basis-point hike lifting its official cash rate to 5.5%.
“There was a range of results at the industry level in the March 2023 quarter, with just over half of industries declining in the quarter,” New Zealand’s economic and environmental insights general manager Jason Attewell said.
The contraction was driven by production declines in business services, which dropped 3.5%, and transport, postal, and warehousing, down 2.2%.
During the quarter, the data agency said that New Zealand also saw the “initial impacts” of Cyclones Hale and Gabrielle and teachers’ strikes.
“The adverse weather circumstances caused by the cyclones contributed to falls in horticulture and transport support services and disrupted education services,” said Attewell.
Production in the information media, telecommunications, and property sectors rose by 2.7% and 0.7%, respectively.
New Zealand saw a contraction in trade: export prices decreased by 6.9%, and import prices declined by 5.4%.
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
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.
Lejjy Gafour, CEO, CULT Food Science Corp. Lejjy is a self-taught entrepreneur and experienced company operator who made his start creating opportunities at the young age of 14, and he has been working, leading, and building businesses ever since.
Leave us a message
Subscribe
Fill the form our team will contact you
Advertise with us
Fill the form our team will contact you
