Becker's Healthcare October 31, 2023
Bosses can boomerang too — but that doesn’t mean they should, Bloomberg reported Oct. 26.
The publication analyzed data from six publicly traded companies that “boomeranged,” or reappointed successful past CEOs over the last three years. Analysts found that although a former leader’s return can steady or even temporarily raise stocks in the short term, these CEOs are unlikely to renew lost gains over time. Collectively, the six companies — Dollar General, Walt Disney Co., Starbucks, DuPont de Nemours, Bausch & Lomb and Stitch Fix — lost $88 billion in market value in the six months before their reappointment announcements and had only recovered $10 billion...
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Topics: Employer