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CEO ageInsider
•83% Informative
In 2000 , one-eighth of Americans were over 65 ; that proportion is set to grow to one-fifth by 2040 .
In 2008 , the average age of a CEO in an S&P 1500-listed firm was 54 . It's risen each year since, to nearly 59 in 2023 .
A rising corporate gerontocracy puts countless businesses at risk.
Peggy Drexler : For many executives, the rationale for not retiring is simple: They don't want to, and no one can make them.
She says 60% of high-net-worth people say they're determined to never stop working, despite their age.
She asks: For executives, retiring can feel like losing a part of the self, but studies suggest retirement is "slightly more likely to have positive effects on people's health".
The Biden imbroglio has been a positive step forward — the adverse effects of age are out in the open.
There's no easy answer though, particularly in smaller companies without boards of directors.
The finance firm took a different approach: It played the waiting game.
The founder is now receiving more frequent medical care, and has been coming into the office less often.
VR Score
90
Informative language
90
Neutral language
49
Article tone
informal
Language
English
Language complexity
51
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
medium-lived
External references
14
Source diversity
1
Affiliate links
no affiliate links