There is that meme in Silicon Valley: Over at age 39. And maybe it's valid. Perhaps it requires a very young mindset and energy level to stay out in front on developments in technology. Facebook's leadership is, well, very young.
That issue is hovering over IBM. It lowered its earnings forecast for 2015 and predicted earnings would continue to decline for the rest of 2014. All eyes are on the leadership - the Ginni Rometty team. Many are Baby Boomers. Their "mortal sin" has been not moving into cloud computing fast enough. Here is coverage from Bloomberg.
Will Rometty share the fate of John Akers who, during IBM's last major decline, was replaced? The odds are that the board of directors don't want to give the boot to the first female leader at the century-old corporation. However, investors aren't happy.
Perhaps the mistake was choosing the Baby Boomer generation to head the organization during such a disruptive time in tech.