As baby boomers head for retirement, members of Generation X, or those born between 1965 and 1980, are taking their places in the c-suite.
The Wall Street Journalreports that this new batch of top executives comes with shared traits, including being more tech savvy on average, quicker to react, and more prone to retaining young employees.
“There is going to be a sea change in terms of the ways that individuals in the corner office lead,’’ Sandra Davis of MDA Leadership Consulting said in an interview with the newspaper. “They are far more nimble and agile.”
CEOs under age 50 have already been tapped to lead some of the world’s largest companies, including Microsoft, McDonald’s, 21st Century Fox and Harley-Davidson, according to the publication.
Satya Nadella, a star Gen X CEO, has used his post to attract from talent from young startups. He became CEO after Steve Ballmer, his older predecessor.
The publication also points out that younger CEOs tend to go for a flatter organization structure versus one that’s highly hierarchical, meaning less bureaucracy and more fluidity in decision-making.
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Jack Ma, founder of Chinese Internet giant Alibaba, stepped down as that firm's CEO in 2013. But he's still the company's most public face, and after Alibaba's September IPO, China's single richest man.Scott Eells—Bloomberg/Getty ImagesLarry Ellison stunned the tech world in September by announcing he's stepping down as CEO of Oracle, the enterprise software company he co-founded in 1977. Since Oracle doesn't sell products to the public like Apple or Microsoft, Ellison's a little less-known outside Silicon Valley: But he's a hugely important figure, having heavily influenced Steve Jobs and a host of other tech leaders.Tomohiro Ohsumi—Bloomberg/Getty ImagesTony Hsieh, CEO of shoe-tailer Zappos.com, is a controversial figure in the world of tech chief officers. He's pouring money into Zappos' corporate home of Las Vegas, Nevada, which is welcome by some locals but spurned by others. Still, Zappos is known for being a very fun and very different place to work, thanks in part to Hsieh setting those qualities up as priorities for the company.Noah Berger—Bloomberg/Getty ImagesSatya Nadella just took over the reins at Microsoft earlier this year from now-Clippers owner Steve Ballmer, but he's already making his presence known through sizable layoffs and simultaneous acquisitions. Nadella's Microsoft has let go of nearly 15,000 employees this year — a chunk of whom were made redundant when Microsoft closed an approximately $7.2 billion deal for Nokia's device wing. Also on Microsoft's tab? $2.5 billion for the Swedish gaming company behind top-hit Minecraft.Microsoft/CorbisLinkedin CEO Jeff Weiner, formerly a longtime Yahoo employee, has grown the "Facebook For Professionals'" user base and revenue exponentially since coming becoming CEO in 2009. He's got quite the fan base, too: His workers, 100% of whom support him as CEO, according to Glassdoor.Robert Galbrath—Reuters/CorbisJohn Donahoe has been president and CEO of eBay since 2008. He's now guiding the company in a time of deep uncertainty: In early 2014, eBay settled a nasty public feud with activist investor Carl Icahn, who wants eBay to spin off payment service PayPal as an independent business — and Icahn isn't the only one who thinks that's a good idea.Paul Morris—Bloomberg/Getty ImagesDon Mattrick became CEO of Zynga, the social gaming company that brought us FarmVille, in 2013, coming over from Microsoft. He's been tasked with leading Zynga through a tumultuous period — the now publicly-traded company hasn't been able to replicate its FarmVille success, leaving many to wonder about the company's future.Michal Czerwonka—Getty Images
