The Boomerang CEOs Shake Out

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KKR is buying a large stake in the Financial Communications Group, FGS Global. UBS tapped former CEO Sergio Ermati to lead the bank as it acquires rival Credit Suisse. Disney brought back Bob Iger as CEO last year; Howard Schultz has returned to Starbucks on three different occasions.

Brands keep spending on TikTok despite a threat by the US to ban the social media app, KKR is looking to buy a large stake in FGS Global, and Ukraine says it’s “ready” to talk to Russia about the Crimean peninsula if Kyiv’s counteroffensive succeeds. Plus, the FT’s Anjli Raval examines whether boomerang chief executives actually work out for their companies.

Mentioned in this podcast:

Brands increase TikTok ad spending despite US ban threat

Ukraine ‘ready’ to talk to Russia on Crimea if counteroffensive succeeds

KKR set to buy stake in communications group FGS Global

Boomerang chief executives provide comfort in times of crisis

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Chris Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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