Rupert Murdoch's Retirement at 92 Sparks Debate on How Long is Too Long for aging CEOs to Lead

Rupert Murdoch's retirement at 92 raises questions about how old is too old to lead major companies. Other aging CEOs like Warren Buffett continue working into their 90s.
Medical advancements may enable business leaders to remain in charge into their 90s and beyond. But lingering leaders can hinder succession planning.
Studies show older managers provide wisdom and warmth, but may lack energy and openness to change of younger leaders. Intergenerational mentorship can help.
Support systems like technology and assistants can compensate for age-related decline. But leaders need self-awareness to know when to retire.
Wise leaders make a "beautiful exit" by voluntarily retiring and enjoying life outside work. Guidance on offboarding can ease the transition.

fortune.com

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Posted 9/23/2023, 11:00:00 AM