Join our community of smart investors

Should investors be wary of 'boomerang bosses'?

Lots of American companies bring back their old chief executives – and some UK boardrooms are taking note
April 10, 2024
  • Small-cap returns more common
  • One successful FTSE reappointment, although research points to poor returns more often

Some of the biggest US companies have brought back former chief executives to bring back the good ol' days. In 1997, Steve Jobs returned to Apple (US:AAPL), having been ousted 12 years earlier. Michael Bloomberg, Michael Dell and Charles Schwab also rejoined their eponymous creations, and more recently Bob Iger returned to Disney (US:DIS) and Howard Schultz started – and ended – his third stint at Starbucks (US:SBUX)

Google (US:GOOG), Twitter, Snapchat (US:SNAP), Best Buy (US:BBY), Yahoo, DuPont (US:DD), Enron, Procter & Gamble (US:PG), Reddit (US:RDDT) and Urban Outfitters (US:URBN) have proved similarly magnetic to former board members.

This is subscriber only content
Start your trial to keep reading
PRINT AND DIGITAL trial

Get 12 weeks for £12
  • Essential access to the website and app
  • Magazine delivered every week
  • Investment ideas, tools and analysis
Have an account? Sign in