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.
February 10, 2021: On Monday, Tesla announced that it had bought worth of $1.5 billion bitcoin.
In a filing with the Securities and Exchange Commission, it bought the bitcoin for “more flexibility to further diversify and maximize returns on our cash,” the company said.
Tesla will accept payments in bitcoin in exchange for its products “subject to applicable laws and initially on a limited basis,” said Tesla. That makes Tesla the significant and first automaker to do.
The $1.5 billion of bitcoin will provide Tesla liquidity in the cryptocurrency once it accepts it for payments.
Tesla’s move into bitcoin shows an investment of a significant percentage of its cash in the investment. According to its most recent filing, the company had above $19 billion in cash and cash equivalents on hand in the later 2020.
The moves led to the questions around CEO Elon Musk’s behavior recently on Twitter, where he has been credited for raising the rates of cryptocurrencies like bitcoin and dogecoin by posting positive messages encouraged people to buy digital currencies.
Two weeks ago, Tesla added the hashtag #bitcoin to his Twitter bio, which helped to push up the cryptocurrency price by 20% briefly.
Bitcoin prices surged to new highs on Monday after Tesla’s announcement, reaching a cost of $44,200 at least. Tesla shares were up over 2% on Monday. In its SEC filing, Tesla warned investors of the volatility of bitcoin’s price.
Elon Musk got into trouble for his market-moving tweets in the past, but it’s not clear how that applies to his tweets about cryptocurrencies. Most notably, the SEC charged Musk with fraud in 2018 for his tweets about taking the company private at $420 per share.
He finally settled with the SEC, gave up his role forcefully as chairman of the company’s board, and paid a $20 million fine on top of another $20 million fine for the company itself.
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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