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I was under the impression that American corporations reward performance over seniority, not sure about now...politics?
> American corporations reward performance over seniority

more like loyalty to upper management which correlates with seniority (spent many years in the same company/group).

My dad recently told me it's broadly like that where he works, but at the IC level. It's mostly boomers and millennials, but the boomers actively retiring.
GenX wrote much of the open source software and the foolishly co-opted the culture war initiatives led by boomers (for job security reasons) and millennials (some idealism, some job security, some sticking it to GenX).

They have sold out the open source ecosystem and are now being treated as weak. Ironically, probably millennials will pivot faster to the 2025 realities and the newly required allegiances than GenX.

GenX has just been quietly banking the cash. Better to be a kingmaker than a king. You can have a longer reign.
When interviewed earlier, the passed-over GenX CEOs only comment was "Whatever, man."
The type of people who “wait their turn” aren’t the same type of people who rapidly climb corporate ladders.
It's not just in business it's politics, on air personalities, movies / tv shows are focusing reboots and sequels.
Okay let's see the proof... Bueller? Bueller? (Sorry you need to be Gen X to get that reference).

Boomer CEOs are "holding on" to their roles, and the board is apparently okay with this, but suddenly when it comes to pick a successor the board is going to flip 180 and value "youth" and pick a Gen Y over Gen X? Sure, Jan (another Gen X reference for ya).

The rest of the article is just more of the same. 9 of the last 10 presidents were Boomers, thanks to life-extending medical advancements, which we are going to throw in the trash as soon as the last Boomer dies, so ensure that Gen X never gets them (are you serious?)

Generalizing to the point where we're lumping entire decades of people together is done far too often.

Just live your life, let others live theirs, and stop arguing over generalizations so broad they can't possibly be universally correct. It is just a waste of time and energy.