Sorry Gen X: Boomers are making millennials their successors for CEO jobs instead because they're down with AI.

The article discusses the shifting dynamics in corporate leadership, highlighting how millennials are increasingly being appointed as CEOs, often at the expense of Generation X professionals. Research indicates that while Gen X still holds the largest proportion of CEO positions in the Russell 3000, their representation is declining as baby boomers favor promoting younger millennials, who are more adept at integrating artificial intelligence (AI) into business strategies. The article notes that millennials, such as Damola Adamolekun at Red Lobster and Everette Taylor at Kickstarter, are stepping into significant leadership roles, reflecting a broader trend of younger executives taking the helm in major companies. This shift may be influenced by Gen X's hesitance towards AI and workplace ageism, which has led to fewer opportunities for this generation. [Extracted from the article]