GRE English Comprehension Test 5
In a new study that compares Fortune 100 executives in 1980 with their counterparts in 2001, Peter Capelli and Monika Hamori have documented what business people have no doubt already witnessed: The road to the executive suite and the characteristics of the executives who get there have changed significantly over the last two decades. To summarize: Todays executives are younger, more likely to be female, and less likely to have Ivy League educations. They make their way to the executive suite faster than ever before (about four years faster than their counterparts in 1980) and they hold fewer jobs along the way.
They spend about five years less in their current organization before being promoted and are more likely to be hired from the outside. Whats more, the Organization Man, the lifelong corporate employee who worked his way faithfully and slowly up the executive ladder, appears to be headed out the door increasingly nudged, apparently, by women. From the 1950s through the 1970s, American executives looked a lot alike, write Capelli and Hamori. They tended to be model organization men, who stuck faithfully with the companies that first hired them and they climbed methodically up the corporate ladder until, at last, they retired. The dominant notion during that time was that a business career ran its course inside a corporation.