- Boomerang CEOs like Sergio Ermotti and Bob Iger have been reappointed to their former positions to bring stability in times of crisis.
- Data shows that companies with reappointed CEOs typically underperform the market.
- Research suggests that returning CEOs hurt rather than help organizations.
- Boards seek reassurance when appointing former CEOs.
- Bringing back a former CEO may indicate a board's failure to ensure a smooth succession process.
Central banks around the world are pausing tightening campaigns as inflation eases and economies slow. Inflation-targeting regimes are keeping their own houses in order, while the US Fed's key inflation gauges fell to the slowest annual paces since late 2021.
Two massive earthquakes on Monday have devastated cities and towns across Turkey and Syria, with death toll of over 16,000. This is one of the worst natural disasters this century, alongside the 2004 Sumatran Tsunami, 2010 Haiti earthquake and 2008 Cyclone Nargis.
A raft of U.S. data and European inflation numbers will give guidance on how the world's top central banks will navigate the way ahead, including the hotly debated "no landing" scenario. Reports on U.S. durable goods orders, home prices, manufacturing and consumer confidence threaten to cement expec