The Comeback Kids: Lessons from Successful Turnarounds
For leadership teams, turning around a troubled company represents the truest test of their performance. The 11 stories here detail some of the most successful turnaround initiatives in the world over the past decade. Facing clear challenges, these companies—the Comeback Kids—have taken the tough measures necessary to dramatically improve their profit margins and generate substantial value for shareholders. As a group, they have outperformed the S&P Global 1200 by 46 percentage points since 2013. They illustrate the value of strong and decisive leadership and a structured approach to turnarounds—in situations where the stakes could not be higher.