'I think there’s a wisdom in term limits': The longtime CEO of $210 billion US drugmaker Merck just hinted he could soon step down

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Merck CEO Kenneth Frazier, who has led the company for a successful run of nearly a decade, recently said he was looking forward to the next chapter.

its policy of mandatory retirement at 65 so Frazier could stay on beyond his 65th birthday in December 2019.

last fall that Merck's board had prompted the policy change, not Frazier, so as not to rush the succession process. The subject has been in the news of late, with New York City's top high school, Stuyvesant, acceptingIt's also deeply personal for Frazier, who is one ofBorn right after the landmark school desegregation case Brown v. Board of Education, and raised in inner-city Philadelphia, Frazier describes his life as having been profoundly shaped by"social engineers" experimenting with a new way to desegregate schools.

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