Business Insider Asks Cowen Partners Executive Search Why Boomers Aren’t Letting Go
In his recent feature in Business Insider, Shawn Cole sheds light on why many baby boomer executives continue to hold onto C-suite roles, even as younger leaders await their turn. He points to boards as a key factor, noting that older boards often perpetuate a cycle where authority remains concentrated at the top. Cole argues that without intentional succession planning, companies risk stifling innovation and leaving the next generation scrambling for leadership opportunities.
“Boards are made up of the same age or older people, and so it’s like this ongoing psychosis,” he says. “Especially at the board level, it’s a pretty cush lifestyle, so why would they give that up?”
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