Is President Biden too previous? How his age stacks up towards the 7 oldest CEOs at the Fortune 500

Since his disastrous debate efficiency in June, the calls have best grown louder for U.S. President Joe Biden, age 81 and the oldest guy to run the White Area, to step apart. Best Democratic leaders this week joined the rank-and-file individuals in calling for Biden to drop out of the race forward of November’s election. Biden has to this point insisted he isn’t too previous to do the process—elevating the query of the way he compares in age to these main the most important corporations in the united statesFortune has compiled an inventory of the seven oldest CEOs within the Fortune 500. Whilst the typical age for all Fortune 500 CEOs is 57, the age of leader executives in this listing levels from their past due 70s to early 90s. They all were of their roles for greater than 10 years and even because the corporate was once based. The common total tenure of CEOs within the Fortune 500 is seven years.Beneath is the listing of the ones CEOs, starting from oldest to (rather) youngest.Warren E. Buffett, 94, Berkshire Hathaway, No. 5 within the Fortune 500Buffett has led the multi-industry conglomerate since 1965. Berkshire Hathaway’s major trade strains are within the insurance coverage, railroad freight, and software industries. However the corporate’s many subsidiaries come with insurer Geico, the railway BNSF, See’s Sweets, the Dairy Queen eating place chain, running-shoe maker Brooks, battery maker Duracell, and paint producer Benjamin Moore. Berkshire Hathaway additionally owns a considerable portfolio of equities and different investments. The corporate generated $364.5 billion in earnings for 2023.Even though Buffett has been on the helm of the corporate for greater than 5 a long time, he has decided on Greg Abel, chair of Berkshire Hathaway Power, as his successor. On the other hand, the Oracle of Omaha hasn’t but introduced when he’s going to retire.Roger S. Penske, 87, Penske Car Workforce, No. 146 within the Fortune 500Since 1999, Penske has served as chair and CEO of the diverse world transportation products and services corporate and an automobile and industrial truck store. He has additionally been chair of the board and CEO of Penske Company since 1969 and chair of the board of Penske Truck Leasing Company since 1982. In 2023, the corporate earned $29.5 billion in earnings. Penske may be a retired auto racer, who owns the famed Indianapolis Motor Speedway and the IndyCar Collection.Robert Greenberg, 84, Skechers, U.S.A. No. 465 within the Fortune 500Greenberg has served as Skechers’ chair and CEO since he co-founded the corporate in 1992. The California-based sneakers corporate earned $8 billion in earnings in 2023. Greenberg, a Boston local with an entrepreneurial background, may be the founding father of L.A. Tools and began his occupation as a hairstylist and a salon proprietor.Tale continuesSkechers’ management is a circle of relatives affair with Greenberg on the helm, and his son, Michael Greenberg, additionally a co-founder, serving as president. In March, the SEC introduced that Skechers agreed to pay a $1.25 million civil penalty to settle fees for failing to divulge bills for the good thing about its executives and their fast members of the family.Albert H. Nahmad, 83, Watsco, No. 489 within the Fortune 500Nahmad based the distributor of air con, heating and refrigeration apparatus. He’s been chief, chairman, and CEO since 1972. Nahmad performed a central position in increasing the trade thru acquisitions, and strategic trade relationships. Watsco has grown from a marketplace capitalization of $22 million in 1989 to $7.3 billion on the finish of 2023, producing a compounded annual expansion price of general shareholder go back of nineteen%. Watsco now serves greater than 125,000 lively contractor consumers thru a community of 690 places.Selfi Ghasemi, 80, Air Merchandise & Chemical substances, No. 322 within the Fortune 500Ghasemi changed into chairman, president and CEO of Air Merchandise in July 2014. The corporate reached $12.6 billion in earnings in 2023. “We did rather well [in 2023], and I am hoping it’s going to proceed,” Ghasemi mentioned right through a Barclays convention in February. “However on the whole, I am the glass-half-full man, I am very positive.” Earlier than becoming a member of Air Merchandise, he served as chairman and CEO of Rockwood Holdings, a lithium and complex fabrics corporate. He additionally held management roles at GKN, an international business corporate, together with chairman and CEO of GKN Sinter Metals, Inc. and Hoeganes Company. Previous in his occupation, Ghasemi spent just about two decades with The BOC Workforce.A.J. Teague, 79, co-CEO, Undertaking Product Companions, No. 90 within the Fortune 500The herbal gasoline and crude oil pipeline corporate with headquarters in Houston reached $49.7 billion in earnings in 2023. Teague has served as co-CEO since January 2020 and has been a director of Undertaking GP since 2010. Teague up to now served as CEO of Undertaking GP, in addition to COO and EVP, and a number of other different management roles inside the corporate. Teague joined Undertaking in reference to its acquire of positive midstream power belongings from associates of Shell Oil Corporate in 1999. He additionally served as president of Tejas Herbal Gasoline Liquids, LLC, then an associate of Shell, and was once president of selling and Buying and selling for MAPCO, Inc.Stephen A. Schwarzman, 77, Blackstone, No. 464 within the Fortune 500Schwarzman is chair, CEO, and co-founded Blackstone in 1985. It’s probably the most global’s biggest selection funding corporations with over $1 trillion belongings beneath control as of March 31. The company reached $8 billion in earnings in 2023. The company has making an investment companies throughout asset categories, together with personal fairness, actual property, and credit score. Blackstone additionally has main companies devoted to infrastructure and existence sciences making an investment. Schwarzman isn’t a technologist however one in every of AI’s early backers and a proponent of the generation. He has donated about $500 million to AI training and analysis. This features a $350 million present to MIT in 2018 adopted by means of a grant to Oxford that in the long run totaled over £190 million, identical to more or less $240 million.This tale was once at the start featured on Fortune.com

Author: OpenAI