Competing with China's 12-hour workdays means sacrificing work-life balance

“It’s fair to say that 80 percent of the world’s problems involve old men hanging on who are afraid of death and insignificance, and they won’t let go.” —- Barack Obama

He was taking about politicians, but it equally applies to the very wealthy who won’t just ride off into the sunset with their lottery winnings.

(as of this comment, Eric Schmidt is 70 years old and worth ~$30B)