Thanks, I ended up seeing that after I posted. I'm surprised they can get away with such a policy. It sure seems like an age discrimination case would have come up.
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I overlooked how this was effective as of September 1, 2015. Does that mean Sandy stays on in an advisory role until next summer?
I'm a little surprised the stock price is taking a hit. The change doesn't take place for another year and I really didn't think the Street cared for Cutler all that much.
One snippet I read commented on how Cutler was retiring because he reached the mandatory CEO retirement age of 65. Is this an Eaton company policy?
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