Comment Re:retention, churn (Score 1) 65
People love the stories where the CEO started in the mail room 30 years earlier. It doesn't really happen but it makes a great story.
It happens all the time. There's a long history of companies either started by guys at the bottom, or run by guys that began their career at the entry level. Wal Mart's CEO started off as a truck loader. GM's CEO started off on the assembly line. The guy running Planet Fitness started at the reception desk. Those are just the modern guys. In the past there are even more. Sidney Weinberg was a high school dropout that was hired as a janitor at Goldman Sachs. Twenty years later, he was running the company. He went from literally sweeping floors to overseeing multi-million dollar trades every day.