[snip]
One thing that comes to mind to refute the contention that senescence would be insignificant at the age of 50 is notable technical achievement.
If we were to list the mathematical and scientific discoveries of the past - like calculus and theory of relativity, etc. - how many would have been done by someone at the age of 50 or older? How many milestones in computing history were achieved by someone 50 or older? How many were done by someone over 40? And I think most of the aging process isn't even quality (what would most impact notable discovery) - it's quantity (that is, slower clock cycle). And companies probably have more concerns about quantity of thought than quality.