Life is lonely at the top. While the average tenure of a Fortune 500 CEO is only 4.6 years, it's even more precarious for the top dogs in professional sports.
Ho, ho, ho! As we begin the holidays, the undergraduate class of 2015 can look forward to something college graduates haven't seen in a while: cash in the bank.
Last week the Labor Department reported that 321,000 jobs were added to the economy in November, driving down the unemployment rate to 5.8%. By itself, that's very impressive news on the recovery. But the more impressive news was that the robust gains were led by the professional and business services sector that fueled 86,000 new jobs.
I reckon that a large proportion of the readers of this column are too young to remember “The Millionaire,” a TV show that premiered in 1955 and ran until 1961. The plot surrounded a guy who gave away a million dollars to people that he did not know.
Once upon a time, a CEO was given a pass on tech-savvy knowledge and skills, rationalizing that he or she could hire the necessary talent to help navigate emerging and future technology, e-commerce and Omni-Channel trends. This is no longer true.