
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 13, 2021: -On Monday, Taiwan’s Foxconn and TSMC said they had reached deals to buy 10 million doses of Germany’s BioNTech’s Covid-19 vaccine, putting the total cost of the highly politicized agreement at nearly $350 million.
The government of Taiwan has tried for months to buy the vaccine directly from BioNTech and blamed China for nixing the deal, which the two sides were due to sign earlier in 2021. China denies the accusations.
In the previous month, to face public pressure about Taiwan’s inoculation program’s slow pace, the government agreed to allow Foxconn’s founder Terry Gou and Taiwan Semiconductor Manufacturing Co. to negotiate for the vaccines on its behalf.
BioNTech’s Chinese sales agent Shanghai Fosun Pharmaceutical Group, said that an agreement had been signed on Sunday, though no details of a delivery timeframe have been revealed yet.
Gou wrote on Facebook that he was “gratified” the deal had been completed, will see Foxconn and TSMC each purchase 5 million doses to be donated to the government for distribution.
“But we can’t relax because we will continue to work hard to push for the delivery time and quantity,” he said, adding the vaccines will come directly from Germany.
“However, this batch of vaccines directly delivered from the German factory will help Taiwanese society to increase confidence and offer respite in the face of the epidemic,” he added.TSMC and Foxconn are major Apple suppliers.
The German firm has yet to comment, and Fosun deleted an earlier statement from its Wechat account citing BioNTech Chief Executive Ugur Sahin as saying the company was “very grateful” to supply the vaccine to Taiwan.
The BioNTech vaccine drama has transfixed Taiwan and dominated headlines. A major Taiwanese Buddhist group, the Tzu Chi Foundation, is also trying to buy the shots.
Taiwan has millions of vaccines on order, especially from AstraZeneca and Moderna. In contrast, the United States and Japan have donated almost five million doses to the island to help speed up vaccinations.
Around one-tenth of Taiwan’s 23.5 million people have received at least one of the two-shot regimens, though Taiwan’s own relatively small domestic coronavirus outbreak is now largely under control.
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 30, 2025: Canada’s economy expanded at an annualized rate of 2.2% in the first quarter of 2025, outperforming the market forecast of 1.7%.
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.
Leave us a message
Subscribe
Fill the form our team will contact you
Advertise with us
Fill the form our team will contact you