CEO tells '60 Minutes' traditional career path is 'dead' (+Video)
As the job market landscape changes, one corporate executive believes the old ways of obtaining employment are done for.
Klaus Kleinfeld, chief executive officer of Alcoa Inc., an aluminum company, talked to "60 Minutes" reporter Byron Pitts about the nature of a the changing job market in an interview Sunday.
The CEO told "60 Minutes" that the old career path of going to grade school, attending college, graduating to a job and then retiring “somewhere in a hot place” doesn’t work anymore.
“That’s been the model of the past,” Kleinfield told "60 Minutes" in the interview. “That’s not working. It’s absolutely not working anymore. I would say it’s dead in every level of society."
Before becoming CEO in 2008, Kleinfield served as Alcoa’s chief operating officer. The company is the third largest aluminum producer in the world.
- Renewable energy advocates decry proposed...
- Dave Ramsey says: Don't leave an estate with...
- Z'Tejas closing after 13 years at The Gateway
- The Gateway adding new dining concept
- Overstock employees ride bicycles to work to...
- Balancing act: Survey says lack of balance,...
- Protesters from across U.S. arrested at Utah...
- Batman's true mission: The search for...
- Renewable energy advocates decry... 13
- Protesters from across U.S. arrested at... 12
- Obama gives protection to gay,... 7
- New solar energy project at Utah... 6
- Balancing act: Survey says lack of... 4
- Parks visitors spent $596M in Utah last... 4
- Beef pollutes more than pork, poultry,... 2
- Airlines scrap Israel flights over... 2