Let $k$ be a field and let $V$ be a $k$-vector space. Let $T:V\to V$ be a linear transformation, and suppose $T$ has no invariant subspaces in $V$ other than $0$ and $V$ itself. Does it follow that the characteristic polynomial of $T$ is irreducible?
It's easy to show that the minimal polynomial $\mu_T$ must be irreducible: if $\mu_T=fg$ Is a nontrivial factorization then $W=ker(f(T))$ is a nontrivial subspace of $V$. Indeed if $W=0$ then $\mu_T$ divides $g$, and if $W=V$ then the minimal polynomial divides $f$, a contradiction.