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FOR IMMEDIATE RELEASE
Contact:
Eryn Feinsod
+1 212 398 9556 x235
efeinsod@aesc.org
SURVEY: 67% OF SENIOR EXECUTIVES OPPOSE MANDATORY RETIREMENT AGE FOR CEOs
New York, NY, June 3, 2008 — Results from a survey of 398 global senior executives reveal that two-thirds (67%) of respondents oppose mandatory retirement of CEOs. The survey was conducted from May 5 to May 28, 2008, by BlueSteps, the career management service of the Association of Executive Search Consultants (AESC).
Full results from the survey reveal:
Should there be a mandatory retirement age for CEOs?
Yes, 60+ – 6%
Yes, 65+ – 17%
Yes, 70+ – 10%
No, there should not be a mandatory retirement age – 67%
"Age is the last slippery slope for CEOs. But can we really draw a clear line and say that a CEO is competent at 64 but not at 65? There are a lot of great CEOs over age 60 and more may be needed as the War for Talent increases in intensity," noted AESC president Peter Felix. "I think we'll see age-ism under the spotlight as the U.S. electorate considers a candidate over 70."
Survey respondents were from the following regions: The Americas, 61%; Europe, Middle East, Africa, 30%; Asia Pacific, 9%.
About BlueSteps
BlueSteps is an global database of senior executives. An exclusive service of the Association of Executive Search Consultants (AESC), BlueSteps enables executives to remain accessible to AESC members firms. AESC members use the database as a resource in candidate and source identification processes. For more information about BlueSteps, visit www.bluesteps.com.
About The Association of Executive Search Consultants
The Association of Executive Search Consultants is the worldwide professional association for the retained executive search industry. The AESC's mission is to promote the highest professional standards in retained executive search consulting, broaden public understanding of the search process, and serve as an advocate for the interests of its member firms. For more information, or to view the AESC Code of Ethics and Professional Practice Guidelines, go to www.aesc.org. The AESC offers BlueSteps, a career management service for senior executives, and CorporateConnect, a service for the HR community offering industry information and access to the AESC membership.