
The Leadership Gap: Why Companies Struggle to Retain Top Executives
Companies invest millions in leadership development, yet many of their best executives leave within a few years. Why?
July 5, 2022: -On Monday, the company said that Crypto lender Vauld halted all withdrawals, trading, and warranties on its platform and is looking for potential restructuring options.
On Monday, the Vauld CEO Darshan Bathija said in a blog post that the company is facing “financial challenges” because of the “volatile market conditions, the difficulties of our key business partners inevitably affects the current market climate and us,” leading to customers withdrawing over $197.7 million from the platform from June 12.
The Singapore-based company said it works with its financial and legal advisors to “explore and analyze all possible options, which include potential restructuring options, that would protect the interests of Vauld’s stakeholders.”
Vauld’s move to pause withdrawals comes below three weeks following CEO Bathija says that the company “continues to operate as usual despite volatile market conditions.” On June 16, Bathija said withdrawals were being “processed as usual, and this continues to be the case in the future.”
But Vauld has become the recent victim of the increase in cryptocurrency prices this year. Bitcoin has had its worst quarterly performance since 2011 in the second quarter. Billion dollars were wiped off the value of the cryptocurrency market in the three months.
The market crash has exposed flaws in several cryptocurrency projects and business models. In May, algorithmic stablecoin terraUSD collapsed, which took down its sister token luna. Therefore, central cryptocurrency hedge fund Three Arrows Capital decreased into liquidation after defaulting on a more than $660 million loan from Voyager Digital.
Crypto lending firms like Vauld have faced liquidity issues. Celsius last month paused withdrawals for customers who cited “extreme market conditions.”
Vauld said it is “in discussions with potential investors” in the company.
The company added that it had hired Kroll Pte Limited as its financial advisor and Cyril Amarchand Mangaldas and Rajah & Tann Singapore LLP as its advisors in India and Singapore.
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 leadership landscape is profoundly changing, influenced by technological advancements, shifting workforce expectations, and the need for adaptability in an unpredictable global environment.
In the fast-paced business world, corporate leaders often find themselves at the crossroads of risk and reward, where bold decisions …
Corporate leaders often navigate turbulent waters where failure is not just a possibility but an inevitable part of the journey …
Companies invest millions in leadership development, yet many of their best executives leave within a few years. Why?
February 12, 2025: Donald Trump has announced a 25% tariff on all steel and aluminum imports, reigniting trade tensions between the US and its key partners
February 11, 2025: The European Union is preparing retaliatory tariffs against the United States in response to newly imposed 25% U.S.
February 06, 2025: California and Texas are experiencing extreme weather, bringing widespread disruptions and safety concerns.
Leave us a message
Subscribe
Fill the form our team will contact you
Advertise with us
Fill the form our team will contact you