
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.
January 4, 2023: Foxconn’s Covid-hit iPhone factory in China’s Zhengzhou city is almost back to total production, with its December shipments which reach regarding 90% of initial ideas, two people with direct knowledge of the matter said.
Production at the significant manufacturing facility of Apple’s iPhones was heavily affected late in the previous year after a Covid-19 outbreak and curbs which took control of the virus, promoting thousands of workers to leave. More than payment issues, a bout of worker unrest also hit it.
Foxconn has been offering bonuses to attract recent workers and convince those that are to stay on. A source told Reuters last month that it was aiming for the plant to resume total production around late December to early January.
“Production has almost fully resumed,” articulated one of the people on Tuesday, who refused to be identified as the details were private.
The second person said production was back to normal but that company officials remained cautious more than the outlook because of a spike in Covid-19 cases all over China.
“We expect a peak for cases after the Lunar New Year holiday,” the person said, which refers to the week-long break that begins on January 21. “We don’t know if that will yield any issues.”
On Saturday, the administration-owned broadcaster of Henan province, where the plant is present, quoted an executive from the factory who stated the capacity to recover.
The plant can accommodate 300,000 workers.
The Zhengzhou plant’s troubles highlighted companies’ and workers’ difficulties in adhering to China’s zero-Covid-19 policy.
In early December, following Foxconn’s woes and a string of rallies over the policy, the central government abruptly dropped the approach to adopt a strategy of living with the virus. The move was welcomed by widespread relief but precipitated a wave of diseases across the nation.
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
May 28, 2025: SpaceX’s latest Starship test flight, conducted on May 27, 2025, ended in failure when the spacecraft’s upper stage broke apart during its descent over the Indian Ocean.
May 27, 2025: Greek Coastguards Charged Over 2023 Pylos Migrant Shipwreck That Killed Hundreds
May 27, 2025: Volvo to Cut 3,000 Jobs in Europe as Part of $1.9B Restructuring Amid EV Slowdown and Tariff Pressures.
The old prestige pyramid—where Ivy League degrees and blue-chip consulting backgrounds paved the way to the CEO seat—is cracking.
Leave us a message
Subscribe
Fill the form our team will contact you
Advertise with us
Fill the form our team will contact you