Stressed CEOs May Die Younger, According to Study
Being a workaholic used to be a badge of honor. But, times have changed and people are realizing just how harmful fatigue is. In fact, the Japanese even have a term called karoshi for death due to overworking.
A new study shows that while regular workers bear the brunt of workplace challenges, CEOs aren't exempt at all. The National Bureau of Economic Research's study on CEO Stress, Aging, and Death reveals estimated long-term effects that CEOs experience due to the high level of demand of their jobs.
Using data from 1,605 participants—CEOs, of course—the findings show the very real health costs of managerial stress.
Just how stressful is it to be a CEO? Well, being the head of a company could cost people in power 1.5 years off their life—especially when one experiences an industry-wide downturn. The report specifically cites CEOs whose industry experienced the 2007 to 2008 financial crisis.
Researchers also found that those that did "look roughly one year older than those whose industry did not suffer the same level of distress." The study authors added, "Exposure to industry distress significantly accelerates aging over the next few years, with the apparent-age difference stabilizing at one year."