Founders returning to companies

[ItsAValueTrap]

Thinking aloud here...

 

A pattern that I have seen is that sometimes a founder leaves his company, the successor runs it into the ground, then the founder comes back to turnaround his/her baby.  Usually the founder coming back is a great turnaround story and the share price goes up a lot.  Examples:

IDT - Howard Jonas; up over 7X since he came back

JEC

AAPL - Steve Jobs

 

Does anybody know of any companies where a similar situation is playing out?

 

Here are some vaguely similar situations (to me, they aren't the same):

DELL - Michael Dell returned to the company full-time.  However, the stock price performance hasn't been stellar.  I believe that it is mainly due to competition squeezing profits out of the computer market.

BBY - The founder doesn't want to come back as CEO; rather, he wants to take over Best Buy in a private equity bid.

[Uccmal]

Jean Coutu - pjc.a - tsx

 

Sort of.  Founder is in his 80s and his son took his hand at running the company into the ground by buying Rite Aid.