This article touches on how CEOs performance rises during the first decade, flattens off, and then declines around 15 years or so. I think this is a good way to frame the problem from an economic/business standpoint, but I wish they had elaborated more on their successors and how this might affect rising through the ranks in general.
Basically, the Boomers simply wont’t quit! I think this creates a couple problems:
The older people get, the more set people are in their ways. This hinders creative thinking, which then ripples down through the rest of the organization.
The average age for a CEO is rising with each year, and this means successor generations never get their chance to have the top spot until they are even older. This hurts promotions down the ladder, too.
I am sure there are more, and please feel free to add if you think of any.
This article touches on how CEOs performance rises during the first decade, flattens off, and then declines around 15 years or so. I think this is a good way to frame the problem from an economic/business standpoint, but I wish they had elaborated more on their successors and how this might affect rising through the ranks in general.
Basically, the Boomers simply wont’t quit! I think this creates a couple problems:
The older people get, the more set people are in their ways. This hinders creative thinking, which then ripples down through the rest of the organization.
The average age for a CEO is rising with each year, and this means successor generations never get their chance to have the top spot until they are even older. This hurts promotions down the ladder, too.
I am sure there are more, and please feel free to add if you think of any.