In response to the ongoing crises, Boeing raised its CEO's mandatory retirement age from 65 to 70, allowing Dave Calhoun to lead the company longer.
Critics argue that mandatory retirement ages contradict corporate success, favoring experience and stability, a sentiment underscored by Congress since the Age Discrimination in Employment Act.
Various sectors enforce retirement ages, arguing roles like airplane pilots and court judges require rejuvenation, but many believe companies should benefit from seasoned leadership.
Boeing's challenges mirror a broader industry struggle, highlighting the tension between regulatory frameworks for retirement and the need for experienced executives during turbulence.
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