Runnable : I am the Yoda of multithreading. For generations, I was the only way (other than lang.Thread) that people could do parallel activities in Java. Remember the cool method that I have - run. Too bad, it returns a void though.
Callable : I am a Runnable, just better and cooler. I have this amazing method called call which returns the result of my work. The return type of call is a cool generic and the result could be got using Future. Now, top that Runnable !!
Runnable : Yeah, Yeah, Whatever. Probably, you just came into existence to fill the gaps left in my design. Like, you know, my run method does not throw any Exception which would just mean that if the task wants to throw an exception, it can throw only a Runtime exception.
Callable : I agree. I do stand on your shoulders. And it’s no wonder the call method throws an Exception which enables the task to throw a checked exception back to the caller.
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More details on the Future is here
Unity in Diversity
FutureTask is an interesting class which can accept both Runnable and Callable in its constructor. Since FutureTask implements Runnable, it can safely pass by the Executor.execute door. Remember, the Executor.execute accepts only a Runnable. I still need to figure out why somebody would want that considering the execute method has a void return type and cannot return results
Shamelessly copied and modified from javadoc
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Further reading :