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.
March 30, 2023: In February, Higher mortgage rates took a few of the juice out of the housing development.
After a sharp gain, pending home sales increased just 0.8% month to month, the National Association of Realtors stated.
Sales were 21.1% lower than in February of the previous year. Pending sales are based on signing contracts during the month.
Mortgage speeds shot higher in February after dropping sharply in January. According to Mortgage News Daily, the average price on the famous 30-year mortgage started in February at nearly 6% and ended at just over 7%. That gave homebuyers considerably less purchase power.
Regionally sales increased monthly in every region except the West, which decreased by 2.4%. That is likely because the West is the priciest area for housing, and buyers there stretch the most to afford a home. Any surge in mortgage prices would have an outsized effect there.
“The affordable U.S. regions are leading the recovery,” Yun added. “Mortgage prices have improved in recent weeks after the federal government gave the guarantee the status of most mortgages from the uncertainty in the financial business,” Lawrence Yun, chief economist for the Realtors, stated.
“While access to retail mortgage loans could become increasingly difficult, residential mortgage loans are anticipated to be more readily available.”
Home prices have eased greatly since the previous summer, but housing is still expensive by historical standards.
Price drops may also have stalled in January because of the big jump in buyer demand. Real estate agents anecdotally stated more bidding wars in January, given a very short supply.
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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