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How to become a CEO (step by step)
How to become a CEO (step by step)
Published: 2017/02/09
Channel: become who you are
Startup CEO: Role of a CEO
Startup CEO: Role of a CEO
Published: 2016/06/15
Channel: Kauffman FoundersSchool
Career Advice on becoming a Chief Executive Officer by Richard A (Full Version)
Career Advice on becoming a Chief Executive Officer by Richard A (Full Version)
Published: 2011/05/23
Channel: icould career stories
What is CHIEF EXECUTIVE OFFICER? What does CHIEF EXECUTIVE OFFICER mean?
What is CHIEF EXECUTIVE OFFICER? What does CHIEF EXECUTIVE OFFICER mean?
Published: 2017/03/17
Channel: The Audiopedia
Chief operating officer
Chief operating officer
Published: 2014/05/08
Channel: encyclopediacc
John S. Watson, Chairman of the Board and Chief Executive Officer, Chevron Corporation
John S. Watson, Chairman of the Board and Chief Executive Officer, Chevron Corporation
Published: 2017/03/24
Channel: The Economic Club of Washington, D.C.
Interview with Aireen Omar, Chief Executive Officer of AirAsia Berhad
Interview with Aireen Omar, Chief Executive Officer of AirAsia Berhad
Published: 2013/01/22
Channel: PwC
Adena T. Friedman, President and Chief Executive Officer, Nasdaq, Inc.
Adena T. Friedman, President and Chief Executive Officer, Nasdaq, Inc.
Published: 2017/05/08
Channel: The Economic Club of Washington, D.C.
Mary T. Barra, Chairman and Chief Executive Officer, General Motors Company
Mary T. Barra, Chairman and Chief Executive Officer, General Motors Company
Published: 2017/02/28
Channel: The Economic Club of Washington, D.C.
Christopher M. Crane, President and Chief Executive Officer, Exelon Corporation
Christopher M. Crane, President and Chief Executive Officer, Exelon Corporation
Published: 2014/10/30
Channel: The Economic Club of Washington, D.C.
AIG Chief Executive Officer Lectures Business Students
AIG Chief Executive Officer Lectures Business Students
Published: 2014/04/28
Channel: Morgan State University
Role of the CEO Chief Executive Officer
Role of the CEO Chief Executive Officer
Published: 2009/01/06
Channel: Jim Crocker
Career Advice on becoming a Chief Operating Officer by Steve K (Full Version)
Career Advice on becoming a Chief Operating Officer by Steve K (Full Version)
Published: 2011/05/23
Channel: icould career stories
Interview with Jean-Paul Agon, Chairman and Chief Executive Officer
Interview with Jean-Paul Agon, Chairman and Chief Executive Officer
Published: 2017/03/14
Channel: L'Oréal
Laurence D. Fink, Chairman and Chief Executive Officer, BlackRock, Inc.
Laurence D. Fink, Chairman and Chief Executive Officer, BlackRock, Inc.
Published: 2017/04/13
Channel: The Economic Club of Washington, D.C.
Superloop (ASX:SLC): Bevan Slattery, Chief Executive Officer
Superloop (ASX:SLC): Bevan Slattery, Chief Executive Officer
Published: 2017/10/23
Channel: Morgans
Christopher Bailey to be appointed Chief Creative and Chief Executive Officer, Burberry
Christopher Bailey to be appointed Chief Creative and Chief Executive Officer, Burberry
Published: 2013/10/15
Channel: Burberry
The Chief Operating Officer COO Video
The Chief Operating Officer COO Video
Published: 2014/09/02
Channel: GoalRecorder
Helen Clarkson, Chief Executive Officer, The Climate Group
Helen Clarkson, Chief Executive Officer, The Climate Group
Published: 2017/07/11
Channel: The Climate Group
Interview with Larry Fink, Chairman and Chief Executive Officer of BlackRock Inc.
Interview with Larry Fink, Chairman and Chief Executive Officer of BlackRock Inc.
Published: 2013/01/22
Channel: PwC
QuickBooks Connect 2017: Brad Smith, Chief Executive Officer, Intuit
QuickBooks Connect 2017: Brad Smith, Chief Executive Officer, Intuit
Published: 2017/11/17
Channel: QuickBooks
Profile: Paul Bulcke, Chief Executive Officer, Nestle S.A. | London Business School
Profile: Paul Bulcke, Chief Executive Officer, Nestle S.A. | London Business School
Published: 2011/04/19
Channel: London Business School
Interview with Stephen A Elop, President and Chief Executive Officer of Nokia
Interview with Stephen A Elop, President and Chief Executive Officer of Nokia
Published: 2013/01/22
Channel: PwC
Ideas for Tomorrow | Satya Nadella, Chief Executive Officer of Microsoft - Q&A
Ideas for Tomorrow | Satya Nadella, Chief Executive Officer of Microsoft - Q&A
Published: 2017/06/21
Channel: Cleveland Clinic
Forum with Chief Executive Officer of Afghanistan Abdullah Abdullah
Forum with Chief Executive Officer of Afghanistan Abdullah Abdullah
Published: 2015/03/27
Channel: Brookings Institution
A Conversation with John Watson Chairman and Chief Executive Officer, Chevron Corporation
A Conversation with John Watson Chairman and Chief Executive Officer, Chevron Corporation
Published: 2013/06/11
Channel: Center for Strategic & International Studies
Fireside Chat With Jean-Jacques Bienaimé, Chief Executive Officer, BioMarin
Fireside Chat With Jean-Jacques Bienaimé, Chief Executive Officer, BioMarin
Published: 2013/02/26
Channel: Biotechnology Innovation Organization
Paul Kerr, Chief Executive Officer for SLH on CNN Business Traveller
Paul Kerr, Chief Executive Officer for SLH on CNN Business Traveller
Published: 2014/10/20
Channel: Small Luxury Hotels of the World
Ian Levy Chief Executive Officer - Australian Bauxite Ltd
Ian Levy Chief Executive Officer - Australian Bauxite Ltd
Published: 2017/10/04
Channel: The Pick Magazine
Praemium Ltd: Michael Ohanessian, Chief Executive Officer & Managing Director
Praemium Ltd: Michael Ohanessian, Chief Executive Officer & Managing Director
Published: 2016/12/21
Channel: Morgans
Red Robin Chief Executive Officer Seeks Restaurant
Red Robin Chief Executive Officer Seeks Restaurant's First-Ever Chief Burger Officer ...
Published: 2011/05/03
Channel: BusinessWire
Interview with José Galló, Chief Executive Officer and Director of Lojas Renner
Interview with José Galló, Chief Executive Officer and Director of Lojas Renner
Published: 2013/01/22
Channel: PwC
Chief Executive Officer Job Description
Chief Executive Officer Job Description
Published: 2014/10/11
Channel: Banking & Financial Careers
Profile: Rakesh Bhasin, Chief Executive Officer, Colt Technology Services Group
Profile: Rakesh Bhasin, Chief Executive Officer, Colt Technology Services Group
Published: 2011/01/26
Channel: London Business School
Chief executive officer Meaning
Chief executive officer Meaning
Published: 2015/04/24
Channel: SDictionary
QuickBooks Connect 2015 - Brad Smith, Chief Executive Officer,  Intuit
QuickBooks Connect 2015 - Brad Smith, Chief Executive Officer, Intuit
Published: 2015/11/04
Channel: QuickBooks
Julien Billot, President and Chief Executive Officer, Yellow Pages Limited
Julien Billot, President and Chief Executive Officer, Yellow Pages Limited
Published: 2015/12/21
Channel: The View From The C-Suite
Gerald Hoskins - Chief Executive Officer
Gerald Hoskins - Chief Executive Officer
Published: 2011/11/20
Channel: WorkThatMatters
Interview with Steve Holliday, Chief Executive Officer of National Grid Group Plc.
Interview with Steve Holliday, Chief Executive Officer of National Grid Group Plc.
Published: 2013/01/22
Channel: PwC
Bazaar guru with Deputy Chief Executive Officer Manoj Gywali
Bazaar guru with Deputy Chief Executive Officer Manoj Gywali
Published: 2017/08/03
Channel: Bazaar Guru
Hear Robert Schimek, Chief Executive Officer of Commercial
Hear Robert Schimek, Chief Executive Officer of Commercial
Published: 2016/02/09
Channel: AIG
NEXTDC (ASX:NXT): Craig Scroggie Chief Executive Officer
NEXTDC (ASX:NXT): Craig Scroggie Chief Executive Officer
Published: 2016/10/31
Channel: Morgans
Reporting Season – Catapult (ASX:CAT): Joe Powell, Chief Executive Officer
Reporting Season – Catapult (ASX:CAT): Joe Powell, Chief Executive Officer
Published: 2017/09/04
Channel: Morgans
Interview with Kevin Lewis, Chief Executive Officer of MCHO
Interview with Kevin Lewis, Chief Executive Officer of MCHO
Published: 2013/08/23
Channel: Community Health Options
Gary Scallan - Chairman and Chief Executive Officer of FAMI
Gary Scallan - Chairman and Chief Executive Officer of FAMI
Published: 2016/02/24
Channel: FAMI
Interview with Peter Terium, Chief Executive Officer of RWE AG
Interview with Peter Terium, Chief Executive Officer of RWE AG
Published: 2013/01/22
Channel: PwC
Full video: Venmo
Full video: Venmo's Chief Operating Officer Mike Vaughan| Code Commerce Fall 2017
Published: 2017/09/15
Channel: Recode
Villa World (VLW): Craig Treasure, Chief Executive Officer & Managing Director
Villa World (VLW): Craig Treasure, Chief Executive Officer & Managing Director
Published: 2016/08/18
Channel: Morgans
Phil Sims – Chief Executive Officer, Robern Menz (owners of FruChocs)
Phil Sims – Chief Executive Officer, Robern Menz (owners of FruChocs)
Published: 2015/06/03
Channel: IPAustralia
Sanofi - Annual Results 2015 - Video interview with Olivier Brandicourt, Chief Executive Officer
Sanofi - Annual Results 2015 - Video interview with Olivier Brandicourt, Chief Executive Officer
Published: 2016/02/09
Channel: SanofiTVen
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WIKIPEDIA ARTICLE

From Wikipedia, the free encyclopedia
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A chief executive officer (CEO)[1] is the position of the most senior corporate officer, executive, leader or administrator in charge of managing an organization. CEOs lead a range of organizations, including public and private corporations, non-profit organizations and even some government organizations (e.g., Crown corporations). The CEO of a corporation or company typically reports to the board of directors and is charged with maximizing the value of the entity,[1] which may include maximizing the share price, market share, revenues, or another element. In the non-profit and government sector, CEOs typically aim at achieving outcomes related to the organization's mission, such as reducing poverty, increasing literacy, etc. Titles also often given to the holder of CEO position include president, chief executive (CE), and managing director (MD),[2] as well as representative director (RD) in Japan.[3][4]

Responsibilities[edit]

The responsibilities of an organization's CEO are set by the organization's board of directors or other authority, depending on the organization's legal structure. They can be far-reaching or quite limited and are typically enshrined in a formal delegation of authority. Typically, responsibilities include decision maker on strategy and other key policy issues, leader, manager, and executor. The communicator role can involve speaking to the press and the rest of the outside world, as well as to the organization's management and employees; the decision-making role involves high-level decisions about policy and strategy. As a leader of the company, the CEO or MD advises the board of directors, motivates employees, and drives change within the organization. As a manager, the CEO/MD presides over the organization's day-to-day operations.[5][6][7] The term refers to the person who makes all the key decisions regarding the company, which includes all sectors and fields of the business, including operations, marketing, business development, finance, human resources, etc. The CEO of a company is not necessarily the owner of the company.

Characteristics[edit]

Earlier in the century, top executives were more likely to have technical degrees in science and engineering or law.[8] As of 2016, there were 20 female CEOs of S&P 500 companies, approximately 4%.[9]

Celebrities[edit]

Business publicists since the days of Edward Bernays and his client John D. Rockefeller and even more successfully the corporate publicists for Henry Ford, promoted the concept of the "celebrity CEO". Business journalists have often adopted this approach, which assumes that the corporate achievements, especially in the arena of manufacturing, were produced by unique talented individuals, especially the "heroic CEO". In effect, journalists celebrate a CEO who takes distinctive strategic actions. The model is the celebrity in entertainment, sports, and politics. Guthey et al. argue that "...these individuals are not self-made, but rather are created by a process of widespread media exposure to the point that their actions, personalities, and even private lives function symbolically to represent significant dynamics and tensions prevalent in the contemporary business atmosphere."[10] Journalism thereby exaggerates the importance of the CEO and tends to neglect the harder-to-describe broader corporate factors. There is little attention to the intricately organized technical bureaucracy that actually does the work. Hubris sets in when the CEO internalizes the celebrity and becomes excessively self-confident in making complex decisions. Indeed, there may be an emphasis on the sort of decisions that attract the celebrity journalists.[11]

International use[edit]

In some European Union countries, there is a dual board system with two separate boards, one executive board for the day-to-day business and one supervisory board for control purposes (selected by the shareholders). In these countries, the CEO presides over the executive board and the chairman presides over the supervisory board, and these two roles will always be held by different people. This ensures a distinction between management by the executive board and governance by the supervisory board. This allows for clear lines of authority. The aim is to prevent a conflict of interest and too much power being concentrated in the hands of one person.

In the United States, the board of directors (elected by the shareholders) is often equivalent to the supervisory board, while the executive board may often be known as the executive committee (the division/subsidiary heads and C-level officers that report directly to the CEO).

In the United States, and in business, the executive officers are usually the top officers of a corporation, the chief executive officer (CEO) being the best-known type. The definition varies; for instance, the California Corporate Disclosure Act defines "executive officers" as the five most highly compensated officers not also sitting on the board of directors. In the case of a sole proprietorship, an executive officer is the sole proprietor. In the case of a partnership, an executive officer is a managing partner, senior partner, or administrative partner. In the case of a limited liability company, executive officer is any member, manager, or officer.

Related positions[edit]

Typically, a CEO has several subordinate executives, each of whom has specific functional responsibilities referred to as senior executives,[12] executive officers or corporate officers. Subordinate executives are given different titles in different organizations, but one common category of subordinate executive is the vice-president (VP). An organization may have more than one vice-president, each tasked with a different area of responsibility (e.g., VP of finance, VP of human resources, VP of research and development). Some organizations have subordinate executive officers who also have the word chief in their job title, such as chief operating officer (COO), chief financial officer (CFO) and chief technology officer (CTO).

US[edit]

In the US, the term chief executive officer is used primarily in business, whereas the term executive director is used primarily in the not-for-profit sector. These terms are generally mutually exclusive and refer to distinct legal duties and responsibilities. Implicit in the use of these titles is that the public not be misled and the general standard regarding their use be consistently applied.

UK[edit]

In the UK, chief executive and chief executive officer, are used in both business and the charitable sector.[13] As of 2013, the use of the term director for senior charity staff is deprecated to avoid confusion with the legal duties and responsibilities associated with being a charity director or trustee, which are normally non-executive (unpaid) roles. In the United Kingdom, the term director is used instead of chief officer.

See also[edit]

References[edit]

  1. ^ a b Lin, Tom C. W. (April 23, 2014). "CEOs and Presidents". Retrieved June 29, 2017 – via papers.SSRN.com. 
  2. ^ "Managing Director". Longman Dictionary of Contemporary English. Retrieved June 14, 2017. 
  3. ^ "代表取締役" [Daihyō torishimaryaku] (in Japanese). Japanese-English Dictionary. Retrieved March 31, 2017. 
  4. ^ "代表取締役" [Daihyō torishimaryaku] (in Japanese). NTT Resonant. Retrieved March 31, 2017. 
  5. ^ "Chief Executive Officer - CEO". Investopedia. Investopedia US, a Division of IAC. Retrieved 2014-10-23. 
  6. ^ "Chief Executive Officer (CEO)". BusinessDictionary.com. WebFinance Inc. Retrieved October 23, 2014. 
  7. ^ Capstone Publishing (2003). The Capstone Encyclopaedia of Business. Oxford, U.K: Capstone Publishing. pp. 79–80. ISBN 1-84112-053-7. 
  8. ^ Bertrand, Marianne (2012), "CEOs", Annual Review of Economics, Annual Reviews, 1: 121–150, doi:10.1146/annurev.economics.050708.143301 
  9. ^ Catalyst (2016) "Knowledge Center: Women CEOs of the S&P 500". Retrieved April 14, 2016.
  10. ^ Eric Guthey and Timothy Clark, Demystifying Business Celebrity (2009).
  11. ^ Mathew L.A. Hayward, Violina P. Rindova, and Timothy G. Pollock. "Believing one's own press: The causes and consequences of CEO celebrity." Strategic Management Journal 25#7 (2004): 637-653.
  12. ^ Markus Menz (2011-10-04). "Menz, M. 2012. Functional Top Management Team Members: A Review, Synthesis, and Research Agenda. Journal of Management, 38(1): 45-80". Jom.sagepub.com. Retrieved 2012-11-28. 
  13. ^ "Association of Chief Executives of Voluntary Organisations". Acevo.org.uk. 2012-11-16. Retrieved 2012-11-28. 

Further reading[edit]

  • Huang, Jiekun, and Darren J. Kisgen. "Gender and corporate finance: Are male executives overconfident relative to female executives?." Journal of Financial Economics 108#3 (2013): 822-839. online
  • Kaplan, Steven N., Mark M. Klebanov, and Morten Sorensen. "Which CEO characteristics and abilities matter?." Journal of Finance 67#3 (2012): 973-1007. online
  • Shleifer, Andrei, and Robert W. Vishny. "A survey of corporate governance." Journal of Finance 52#2 (1997): 737-783.
  • Vancil, Richard F. Passing the baton: Managing the process of CEO succession (Harvard Business School Press, 1987).

External links[edit]

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