The Bad PlaceTimes of India | If a company replaced its CEO with an...: Indian-origin tech leader says he backtested billionaire Michael Milken's idea
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Billionaire Michael Milken claimed he would buy shares of any U.S. company that replaced its American‑born CEO with an Indian‑born one, prompting Indian‑origin tech leader Deedy (Debarghya Das) to back‑test the idea; his analysis of the past 15 years suggested that such a CEO swap would have multiplied an investment by roughly 50‑fold, delivering about 7.5 times more money and an internal rate of return over twice that of the S&P 500 (30 % versus 14 %). Das cautioned that the result shows only a correlation, not proof that Indian‑born CEOs cause stock gains, and the post sparked a mixed debate: some commenters dismissed the finding as coincidence, while others praised the resilience of Indian‑origin executives and argued that America benefits from attracting top talent, whereas a few critics linked higher valuations to layoffs, outsourcing, and wage suppression rather than genuine innovation.
If a company replaced its CEO with...: Indian-origin tech leader says he backtested billionaire Michael Milken's idea - The Times of India
US News: Indian-origin tech leader Deedy (Debarghya Das) shared what billionaire Michael Milken said about Indian-origin CEOs replacing US-born CEOs in US comp.