Klaus Kleinfeld, chief executive officer of aluminum company Alocoa Inc., told 60 Minutes the traditional career path is "dead."
cbs.com
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.
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Joey Ferguson is a business reporter for the Deseret News who focuses on public finance. He joined Deseret News after graduating from Brigham Young University-Idaho with a bachelor's degree in journalism in May 2011. He more ..
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The new model? That's fairly obvious post election. It's called ENTITLEMENTs.
This is, like, half of a story. Okay, so the traditional model is dead. That begs the question, what has replaced it?
I think Leo hit the nail on the head. LOL