The next time Kelly Ortberg, chairman, president and CEO of Rockwell Collins, is late for an early morning meeting at his company’s Cedar Rapids, Iowa, headquarters, he can probably blame some random millennial-generation employee who stole his once-reserved parking space. And it couldn’t make him happier. Apparently, in the quest to recruit and retain scientifically and technologically savvy workers—especially younger blood to augment the soon-retiring baby ...

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