Gen X is in charge now and boomers are being shown the door
News Source : Business Insider
News Summary
- Georges Elhedery, the 50-year-old Gen Xer serving as the bank's chief financial officer, was appointed as CEO last week.Boeing CEO David Calhoun, 67, is stepping down at the end of the year after a series of safety issues were brought to the fore following crashes involving the 737 Maxes.
- Top lieutenants touted as possible successors, such as Jenn Piepszak and Troy Rohrbaugh, are full-blooded Gen Xers.Iger said in November last year that he'd "definitely" step down once his contract expires in 2026.
- Iger returned to his old job in 2022.In Silicon Valley, 63-year-old Tim Cook has overseen Apple for longer than several of his CEO peers across corporate America, having taken over Steve Jobs' position way back in 2011.
- "And Harris has a few years of separation from the late-stage boomer Barack Obama, who was born in 1961.Of course, former President Donald Trump is the man the Republicans hope will return them to power.
- )Politics isn't the only place this transition is occurring.In April, HSBC's 62-year-old chief executive, Noel Quinn, announced he would be stepping down from a role he'd held for more than four years.
- But with Harris now earning enough delegate support to secure the Democratic nomination, and with Trump selecting the 39-year-old Sen. JD Vance (a millennial) as his running mate, the US's political future suddenly looks a lot younger than it did just a few weeks ago.
Brendan Smialowski, Justin Sullivan/Getty Images; Chelsea Jia Feng/BIBoomers are having their last dance in charge.Gen X leaders are stepping up to replace the last of them.<l [+4558 chars]