Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Factbox-'Boomerang' CEOs of major companies

Published 11/22/2023, 08:16 AM
Updated 11/22/2023, 08:20 AM
© Reuters. FILE PHOTO: Sam Altman, CEO of Microsoft-backed OpenAI and ChatGPT creator speaks during a talk at Tel Aviv University in Tel Aviv, Israel June 5, 2023. REUTERS/Amir Cohen/File Photo

(Reuters) - Sam Altman reached an agreement with OpenAI to return as CEO on Wednesday, after a tumultuous few days following his ouster by the company's board. He joins a list of big name "boomerang" chief executives who have made comebacks at a later date.

Here are some bosses who have reclaimed the top slot after stepping down:

APPLE - STEVE JOBS

One of the Silicon Valley's most famous names, Apple (NASDAQ:AAPL) founder Steve Jobs left the company in 1985 over differences with then CEO John Sculley. He returned in 1997 as the CEO, and resigned in 2011 just before his death.

DELL - MICHAEL DELL

Michael Dell founded Dell Inc in 1980s and held the position of CEO until 2004, when he stepped down to serve as chairman. He returned as CEO in 2007 and led the company through the merger with EMC (NYSE:EMC_old), which resulted in the emergence of Dell Technologies (NYSE:DELL).

DISNEY - ROBERT IGER

Robert Iger first became the CEO of the U.S. entertainment group in 2005. He left the position in 2020, but Disney's board of directors asked him to return in 2022, when the company faced operating losses at its streaming unit.

STARBUCKS - HOWARD SCHULTZ

Howard Schultz served as Starbucks (NASDAQ:SBUX) CEO on three separate occasions. The former NBA franchise owner launched the company's coffeehouse model in 1980s before stepping down in 2000, only to return in 2008 for a nine-year stint. He served a final term as interim CEO from 2022 until last March.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

TWITTER - JACK DORSEY

Jack Dorsey founded social media platform Twitter, now known as X, and became its CEO in 2006. In 2008, co-founder Evan Williams took over the role while Dorsey served as chairman. He became CEO again in 2015 and held the position for another six years.

UBS - SERGIO ERMOTTI

Sergio Ermotti took the reins at the Swiss bank in 2011 and stayed in the top position until 2020 when he was replaced by Ralph Hamers. He returned as CEO in 2023 amid challenges related to UBS's takeover of peer Credit Suisse.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.