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>there's an entire generation of folks; many running companies, that have never seen a real bear market If anything, this is a problem that is much less bad th
by rsanek 4y ago
>there's an entire generation of folks; many running companies, that have never seen a real bear market
If anything, this is a problem that is much less bad than it was in previous down markets.
"7% of CEOs were younger than 50 years old at the end of 2018, compared with about 16% at the end of 2009." [0]
"Data on S&P 500 companies measured over the last two decades by executive recruiter Spencer Stuart shows a small but steady increase in the age of the CEO." [1]
[0] https://www.wsj.com/articles/ceos-under-50-are-a-rare-find-in-the-s-p-500-11558517401 https://www.wsj.com/articles/ceos-under-50-are-a-rare-find-i...
[1] https://www.bloomberg.com/news/articles/2021-11-30/twitter-s-agrawal-is-now-youngest-ceo-in-s-p-500 https://www.bloomberg.com/news/articles/2021-11-30/twitter-s...
- 88913527 4y agoS&P 500 CEO's. That's a very select subset of CEOs. Many large companies aren't public today and this leaves out CEOs of small-to-mid sized businesses.
- rsanek 4y agoThe number of private companies that are comparable to the size of the ones in the S&P 500 is quite low. [0] If we're talking about macro trends, public co's are much more important than private ones. Do you have a source for small-to-mid sized businesses having a decreasing average age of CEOs? [0] Compare the implied ranking based on revenue for https://en.wikipedia.org/wiki/List_of_largest_private_non-governmental_companies_by_revenue https://en.wikipedia.org/wiki/List_of_largest_private_non-go... vs. https://companiesmarketcap.com/usa/largest-american-companies-by-revenue/ https://companiesmarketcap.com/usa/largest-american-companie.... There are only 14 private companies with more revenue than Visa, the 100th-largest public co by revenue. Cargill, the largest US private co, wouldn't even break the top 20 when compared to publics.