Dealing With Aging Executives Who Just Won't Quit
[2 February 2003 - New York Times] How to ease older employees out the door confronts plenty of corporations these days. Age is a sensitive issue in the workplace. As retirement begins to look less appealing and often less feasible, many older but still vibrant Americans want to hang on to their jobs longer. Corporations, on the other hand, usually encourage workers to retire at 65 or younger because they generally cost more in wages and health benefits. Neither the aging of the American work force nor the increasing longevity of workers has led corporations to adjust their thinking about how old is too old, employment experts said.