This article includes a one-page preview that quickly summarizes the key ideas and provides an overview of how the concepts work in practice along with suggestions for further reading. Companies have focused so much on downsizing to contain costs that they've largely neglected a looming threat to their competitiveness: a severe shortage of talented workers. The general population is aging and with it, the labor pool. People are living longer, hea...

Deals with issues of adult and career development at mid-life. Describes the career and personal history of an adult male, choice points in his life, and how he made critical career and personal choices. Focuses in on his decision to "retire" from Goldman, Sachs at an early age (46), make a transition into a state government role, and then make a transition back into an investment banking position with a different firm in a different and more sel...

This article includes a one-page preview that quickly summarizes the key ideas and provides an overview of how the concepts work in practice along with suggestions for further reading. Companies have focused so much on downsizing to contain costs that they've largely neglected a looming threat to their competitiveness: a severe shortage of talented workers. The general population is aging and with it, the labor pool. People are living longer, hea...

Baby busters won't get the jobs the boomers leave behind, warns demographer Phillip Longman.

A leadership change in a company is unsettling. Key players may act on unconscious feelings that can disrupt and possibly sabotage a sensible succession process. The CEO, board, and other top managers are most vulnerable to these forces when the CEO first recognizes the need to retire, when the successor is chosen, and when the new CEO takes charge.

Pension portfolio management focuses on the balance between risk and return on assets held. With a new ruling of the Financial Accounting Standards Board, pension fund managers and sponsors must also pay close attention to the surplus--the difference between assets and the present value of the fund's obligations to current and future retirees. FASB 87 mandates reporting of the fund surplus in terms of the net present value of the liabilities acco...

An examination of the Japanese style of management regarding decision making, corporate planning, worker productivity, and management training, suggests ways in which managers in the West might redirect their approaches to these issues. Topics described include decision by consensus, lifetime employment and continuous training, and managerial godfathers. Despite existing societal tensions and frustrations, Japan's managerial achievements contain ...

How you handle yourself in your final weeks and months in power will have a big impact on how you are remembered.

With longevity increasing and thousands of Baby Boomers turning 65 every day, the face of retirement is changing. Interviews with executives and managers conducted by the authors show that very few people now follow the tradition of ditching the job and embracing a life of leisure in their midsixties. This article describes the different paths being taken and offers four principles that will help you navigate your late-career journey: (1) Prepare...

Teaching Note for 314022.