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 20, 2023: On Friday, Silicon Valley Bank workers received their annual bonuses, just hours before regulators stopped the failing bank, the people with knowledge of the payments stated.
On Friday, the Santa Clara, California-based bank paid employee bonuses on March 2, stating that the people, who declined to be identified, spoke about the awards. The sources said the payments were in 2022 and had been in process days before the banks went off.
This year, bonus day it was happened to fall on SVB’s final independence day. In the throes of a bank started triggered by panicked venture capital investors and startup creators, the Federal Deposit Insurance Corporation (FDIC) stopped the institution around midday Friday.
According to the people, SVB CEO Greg Becker addressed employees on Friday in a two-minute video, saying he no longer made decisions at the 40-year-old bank.
The size of the payouts is not determined, but SVB bonuses range from nearly $12,000 for associates to $140,000 to manage directors, Glassdoor.com stated.
SVB was the increased-paying publicly traded bank in 2018, with employees getting nearly $250,683 for that year, according to Bloomberg.
Following its seizure, the people said the FDIC offered SVB employees 45 days of employment. The bank had 8,528 workers as of December.
A spokesman for the FDIC refused to comment on the bonuses.
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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