Term Limits For CEOs, Movies Vs. Morals, Etc.

Tired of your company’s long-standing CEO? Clip out this item and slip it under his door. “A consensus among former CEOs suggests that eight to 10 years may be about the right tenure for CEOs in today’s volatile economic and business environment,” says a report in The Conference Board’s magazine, Across the Board. “Many an aging CEO finds that the kinds of companies he was trained to manage no longer exist.” Mandatory retirement ages simplify things, but they can deprive a company of a 75-year-old who’s at the top of his game, while doing nothing about “under-65 executives whose minds are wandering.”