Boomerang bosses: good for business?
There has been a spate of companies bringing back their former bosses to help them get back on their feet following a lacklustre performance.
Proctor & Gamble has recently replaced its chief executive with his predecessor, and at the weekend, Infosys, announced they were bringing their chairman back out of retirement, a move that saw its stocks rise over 4% percent on Monday.
Even Chelsea football club has announced the return of Manager Jose Mourinho.
So are these so-called "Boomerang Bosses" good for business? Yogita Limaye reports from Bangalore.
04 Jun 2013
- From the section Asia Business