AXIOS (Emily Peck) - American CEOs are getting older
Data: BoardEx via "Aging at the very top," published by NBER ; Note: Sample includes 50,510 CEOs in U.S.; Chart: Emily Peck/Axios It's not just Congress — the corner office is graying, too, with the average American CEO now 61, up from around 51 two decades ago, a new working paper finds. Why it matters: It's a mixed bag: Older leaders tend to manage businesses that grow more slowly and are less likely to radically innovate, the study finds, in line with prior research. But they also appear to be better at managing companies through more uncertain economic times. By the numbers: The researchers looked at a database of more than 50,000 leaders. They found that the tendency to hire older leaders is more predominant among smaller,…