The lesson in Rupert Murdoch’s retirement? Get ready for the 100-year-old CEO

It probably shouldn’t surprise anyone when a 92-year-old announces his retirement. And yet the media and entertainment worlds were aflutter this week at the news that the billionaire mogul Rupert Murdoch—the man who was famously never going to retire from Fox News and News Corp—would be stepping down from his chairman roles at both companies.

Mo Wang, University Distinguished Professor, Lanzillotti-McKethan Eminent Scholar Chair and Associate Dean for Research and Strategic Initiatives, told Fortune he sees no reason to suggest an upper age limit for CEOs. The professor points out that decades of data have shown that at an individual level, age is not correlated to job performance.

“Whenever people tell you, ‘Older people, they are less competent,’ that’s a stereotype, but that’s not true,” he says. In fact, he adds, “being older actually sets up the conditions for good leadership.”

Read more from Wang in this story from Fortune.