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" ... Post-IPO stock performance has no correlation with CEO age at IPO in biopharma. The scatterplot below demonstrates clearly that there is no correlation across the dataset (stock data as of early Feb 2018), e.g., 40-something CEOs don’t’ see their stock perform any better/worse than 60-something CEOs. Of top five largest positive winners, two were in their 60s at IPO (Kite’s Arie Belldegrun, Sage’s Jeff Jonas), two in their 50s (Receptos’ Faheem Hasnain, Supernus’ Jack Khattar), and one in his 40s (Bluebird’s Nick Leschly). This dataset is unfortunately biased towards experience (e.g., only five individuals out of 184 were less than 40 years old at IPO). Of note, performance also didn’t change relative to founding status of the CEO: the average post-IPO returns of founder and non-founder CEOs were 65 and 66%, respectively. ... "