I wonder what the collation is for finance types becoming CEO's of companies and how that hastened their demise? Look at General Electric. Jack Welch was the worse thing that happened to it. Ditto Hewlett Packard. Engineers replaced by bean counters, profits work for a while due to financial magic then they are toast. Westinghouse, a shell of the former company with now limited expertise. Boeing, well, enough said. The younger companies are more like the old ones at their peak: they know their customers and they know their products because they could build them. So you could say the worse thing to happen to business is the rise of the MBA?
Thank you - these are interesting charts. As a youngster in the 60s/early 70s I enjoyed looking at the annual "Fortune 500" magazine issues and wondered about the age of some of the companies and the fast rise of others. A couple of thoughts --
I understand the reasons for using average age weighted by market cap. I'm wondering if you also looked at both mean and median, unweighted, and if they would be significantly different.
The bubble charts are also interesting, but frustrating because, even enlarged, it's only possible to see the names of the very largest ones. Perhaps the original image could be made larger for better readability?
One more thought -- a comparison with "Rest of World" would be interesting as well. The USA would dominate but there would be some interesting additions. Thanks!
I wonder what the collation is for finance types becoming CEO's of companies and how that hastened their demise? Look at General Electric. Jack Welch was the worse thing that happened to it. Ditto Hewlett Packard. Engineers replaced by bean counters, profits work for a while due to financial magic then they are toast. Westinghouse, a shell of the former company with now limited expertise. Boeing, well, enough said. The younger companies are more like the old ones at their peak: they know their customers and they know their products because they could build them. So you could say the worse thing to happen to business is the rise of the MBA?
This is fascinating. As always Andy has a really perceptive focus on something pretty big
Thank you - these are interesting charts. As a youngster in the 60s/early 70s I enjoyed looking at the annual "Fortune 500" magazine issues and wondered about the age of some of the companies and the fast rise of others. A couple of thoughts --
I understand the reasons for using average age weighted by market cap. I'm wondering if you also looked at both mean and median, unweighted, and if they would be significantly different.
The bubble charts are also interesting, but frustrating because, even enlarged, it's only possible to see the names of the very largest ones. Perhaps the original image could be made larger for better readability?
One more thought -- a comparison with "Rest of World" would be interesting as well. The USA would dominate but there would be some interesting additions. Thanks!