American Express is experimenting with phased retirement. At first I thought it was another way to downsize the more experienced workforce to save them cash, but as I read the whole article, it became apparent that there may be more at work here than a simple financial benefit to Amex.
We've often seen people leave a firm and take with them a wealth of knowledge. This approach allows a corporate "passing of the torch". I'm intrigued.
Sounds like a nice way to leave a legacy on your way out the door. It will be interesting to see if it gets beyond the pilot stage and moves into the rest of their business units.
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