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The One Place It's OK to Be Old Is in the Boardroom

The one place in business where executives don't have to worry about being judged too old is the boardroom -- if they're lucky to get a seat.

About 40 percent of directors at Standard & Poor's 500 Index companies are 64 or older, up from 33 percent in 2010 and 18 percent in 2005, according to new data from executive recruiter Spencer Stuart. Another new report from Ernst & Young's EY Center for Board Matters shows that almost 20 percent of board members are older than 68 and have served for more than a decade.