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.
- 3 ways insurers can still avoid covering the...
- Paul Mero steps down as head of Sutherland...
- Amish country bristles at ‘Mafia’...
- 6 financial moves to prevent sleepless nights
- Utah board approves winery in polygamous town...
- Park City Mountain Resort and Talisker extend...
- Fairchild Semiconductor closing Utah plant
- 10 things to know about corporate inversions
- 10 things to know about corporate... 11
- 3 ways insurers can still avoid... 10
- Amish country bristles at... 9
- Mimicking the airlines, hotels get... 9
- Paul Mero steps down as head of... 9
- Burger King in talks to buy Tim Hortons 7
- UTOPIA mayors looking for alternative... 5
- California push to avert higher gas... 3