" The proportion of CEOs who came from wealthy families had dropped from almost half in 1900 and a third in 1950 to 5.5 percent by 1976.23 The CEO of 1976 was still disproportionately likely to be Episcopalian but much less so than in 1900—and by 1976 he was also disproportionately likely to be Jewish, unheard of in 1920 or earlier. In short, social and economic background was no longer nearly as important in 1976 as in the first half of the century. Educational "

― , The Bell Curve: Intelligence and Class Structure in American Life