For a senior executive position, they might want someone with specific ideas, proven leadership and a hard-hitting approach. However, Mr. Meredith needed to show his ability to cooperate as much as his technical and leadership skills. There are only so many presidents in companies. Otherwise, if I hadn't been agreeable to accepting less money, it probably would have taken me a couple of years to find a job. And I couldn't afford that.
Many older professionals discover their priorities have changed.
For some, it's a matter of spending more time with family or reducing stress. I never saw my wife or children, and I was unhappy. Mr. Peterson sold his home and bought a smaller, more economical house. For him, family time was a priority. Another career alternative open to experienced professionals is independent management consulting.