Not too many companies that opened for business in the 1700s are still at it today.

But Boston-based State Street is one of the few, and it's now one of the top financial institutions in the world, managing assets that add up to trillions of dollars.

Jay Hooley joins Peter Howe on CEO Corner and talks about becoming CEO of a Fortune 500 company without an MBA!

Could that happen now?

Hooley also shares what he calls the five hardest challenges of being a CEO.