Why Recessions Forge Great CEOs Who Think Beyond Cost-Cutting
04/15/2025
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But the CEOs who make history in downturns aren’t the ones with the deepest cuts
June 7, 2022: -Singapore’s Prime Minister Lee Hsien Loong is naming Finance Minister Lawrence Wong as deputy prime minister in a cabinet reshuffle that will take effect following Monday.
Wong will be dissembling as the prime minister in the absence of Lee. He will also resume as minister of finance.
In April, the promotion was expected after Wong was approved as the next-generation team leader. He is doing in the education ministry and Ministry of National Development and is co-chair of the task force on Covid-19 in Singapore.
Heng Swee Keat, remaining deputy excellent minister after the reshuffle, was previously expected to take from Lee.
In the previous year, Heng said he would be stepping aside for a younger leader so that the recent leader could “have a longer runway.” He relinquished his duties as finance minister.
Prime Minister Lee said he had not determined whether Wong would take over before or after the coming general election, which has to be held by 2025.
“The following generation leadership takes shape. I ask everyone to give your complete support to this significant transition and steer Singapore safely out of the pandemic and into a brighter future,” Lee wrote in the report on Monday.
Several other changes will take effect in the coming week, which includes a promotion to senior minister for Minister of State Tan Kiat How, serving in the contacts and information and national development ministries.
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
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 …
But the CEOs who make history in downturns aren’t the ones with the deepest cuts
April 15, 2025: Multiple wildfires burning across northern and central Alberta have triggered large-scale evacuations.
April 10, 2025: The far-right Alternative for Germany (AfD) party has recorded significant gains in regional elections, triggering a wave of political instability across the country
April 08, 2025: France and Germany are delaying progress on the European Union’s proposed digital identity wallet, citing unresolved concerns over data sovereignty,
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