Gen X professionals patiently waited their turn for the coveted CEO role , but baby boomers leaders are skipping them in favor of millennials taking the throne. The proportion of Gen X chief executives in the Russell 3000 has steadily decreased—and it may have to do with the “forgotten generation” being hesitant with AI. Meanwhile, Red Lobster , Lime , and Kickstarter have all appointed millennials to the CEO job in recent years.
Many employees put decades of blood, sweat, and tears into climbing the corporate career ladder—but the top rung is missing the “ forgotten generation ” of workers, and it may be knocked out from their AI hesitation.
About 41.5% of CEOs in the Russell 3000 are at least 60 years old, part of the baby boomer generation, up from 35.1% in 2017, accordin