CHAPTER FIVE
On Mandatory Executive Retirement
THE MOST INTELLIGENT PROVISION—and the most needed one—in the recent (i.e., 1978) law extending the mandatory retirement age for private-sector employees to seventy (and eliminating it altogether for government employees) is the provision which permits the mandatory retirement of senior executives at age sixty-five.
Unless the seniors vacate top-executive slots, the juniors cannot move up. And in the next ten years, as the babies of the “baby boom” reach middle age, there will be a press of young and ambitious executives between thirty and forty hungry for promotion and well qualified for it. Also, ...
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