Top US companies drop mandatory retirement for CEOs, allowing extended tenure for experienced leaders.

Companies like Boeing, Disney, Target, 3M, and Chevron have dropped mandatory retirement policies for CEOs, allowing experienced leaders like Bob Iger and Kelly Ortberg to continue in their roles. With pension plans less common, many employees work into their 60s and beyond; this trend suggests a more age-diverse workforce embracing experienced older employees. In Ontario and most of Canada, mandatory retirement age is considered discriminatory unless there's a valid reason.

August 04, 2024
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