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.
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.
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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Fabio de Concilio is the visionary CEO & Chairman of the Board at Farmacosmo, a leading organization dedicated to mental health and community support services. With a deep commitment to identifying and meeting customer needs, Fabio ensures that high standards are maintained across the board.
Character Determines Destiny – so said Aristotle. And David CM Carter believes that more than anything else. For David, it has been numerous years of research into codifying Entelechy Academy’s 54 character qualities that underpin everything he stands for as a leader and teacher.
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