Word: older
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...contemplating an IPO. The rumor mill started churning in 2002 when a bitter feud erupted between members of the Pritzker family (which owns Hyatt) over inheritance issues. The squabble began when two of the younger heirs, Liesel Pritzker and her brother Matthew, sued their father and 10 older cousins, claiming they had misappropriated about $1 billion from each of their trust funds. A nasty court battle ensued, in which an intricate web of offshore trusts was unveiled that grabbed the attention of the IRS. When the smoke cleared, the clan had agreed to divvy up the family's $15 billion...
...cynical yet deeply moving account of a late 1970s journey through East Africa, without being reminded of the travel writings of his legendary elder brother, V.S. Naipaul. Only 40 when he died of a heart attack in 1985, the unfortunate younger Naipaul cannot escape comparisons to his sibling, older by 13 years and a literary behemoth and Nobel Laureate often described as Britain’s greatest living writer. Shiva Naipaul’s work is more than worthy of notice on its own merits, but in so far as he has been remembered at all in recent years...
...Gist: Pew's most comprehensive study of workforce demographics in the past three years shows that the recession isn't the only reason older workers are sticking around longer. Workers over 55 are expected to account for 93% of the U.S. labor force's growth from 2006 to 2016, and many of those graying employees are in it not just for the money, but also because they relish the opportunity to contribute to society later in life. Meanwhile, the greenhorns and the guys are the ones feeling the hurt. The study notes that younger workers, who are returning to campus...
...changing workplace attitudes: "With a college degree increasingly seen as a necessity for the good life, many young people ages 16 to 24 report they are staying out of the labor force to concentrate full time on their education. At the other end of the work life cycle, older adults are healthier, living longer and more inclined than any time in recent decades to work past the traditional retirement age of 65. A majority of those who do so say they keep working mainly for the intangible rather than the economic rewards...
...different motivations for young and old workers: "For older workers, a job is far more than merely a paycheck. In fact, older people and younger workers tested significantly differently on seven of the eight reasons for working tested in the survey. The exception: Nearly seven-in-ten older workers (68%) say the desire 'to feel like a useful and productive person' is a big reason they work. It is the single most frequently mentioned factor among the eight and the only one in which a similar proportion of younger workers (70%) share this view." (Read "Making Flexible Retirements Work...