
Why Skills-First Leadership Is Replacing the Ivy League Playbook in the C-Suite
The old prestige pyramid—where Ivy League degrees and blue-chip consulting backgrounds paved the way to the CEO seat—is cracking.
July 27, 2022: -On Tuesday, the Philippine central bank chief ruled out another off-cycle move on monetary policy tightening, which marked a rate hike of below 75 basis points at its August 18 meeting in an ongoing bid to restrain red-hot inflation.
“A thing I can say is you can shock people once, so there will be no more off-cycle,” Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla said.
“My guess is you can rule out zero or 75 basis points,” he added while speaking at a forum on President Ferdinand Marcos Jr’s policy agenda and replying to a question on the magnitude of the BSP’s following policy action.
His remarks came ahead of Wednesday’s U.S. Federal Reserve policy decision, with the market pricing in a nearly 90% chance it will hike by 75 bps.
The BSP’s reverse repurchase facility rate is currently at 3.25% following three successive hikes counting 125 bps between May and July, a surprising 75 bps on July 14 that was approved outside the regular schedule for policy reviews.
Medalla stated future policy moves would remain data-driven and reiterated that the economy was able to absorb rate increases.
Philippine inflation, which averaged 4.4% in the first half of the year and topped the full-year 2%-4% target band, is expected to remain elevated, driven by high fuel and food prices.
On Monday, Marcos outlined his economic strategy focusing on financial management, infrastructure upgrades, and agricultural productivity. He pledged to ensure reasonable prices and an adequate domestic supply of essential farm products, which include rice, amid a looming global food crisis.
Finance Secretary Benjamin Diokno, who spoke at a similar forum, said the government did not need to borrow almost it during earlier crises, like at the height of the pandemic.
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