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Fortune
Fortune
Lila MacLellan

Activist investors don’t love boomerang CEOs

Sergio Ermotti, chief executive officer of UBS Group AG (Credit: Getty Images—Bloomberg/Simon Dawson)

The boomerang CEO club keeps getting bigger.

Last year, 19 CEOs at Russell 3000 companies circled back for round two at the helm, according to governance data from Insightia. By comparison, the data provider found only 13 returnees led firms between 2018 to 2021.

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