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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
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
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
How to Become a CEO? – [Hindi] – Quick Support
How to Become a CEO? – [Hindi] – Quick Support
Published: 2017/06/29
Channel: Quick Support
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.
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.
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
Role of the CEO Chief Executive Officer
Role of the CEO Chief Executive Officer
Published: 2009/01/06
Channel: Jim Crocker
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
Dr. Ajay Bhushan Pandey is the Chief Executive Officer(CEO)
Dr. Ajay Bhushan Pandey is the Chief Executive Officer(CEO)
Published: 2017/09/05
Channel: CSC SPV
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.
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.
Chief operating officer
Chief operating officer
Published: 2014/05/08
Channel: encyclopediacc
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
Thierry Pilenko - Chairman & Chief Executive Officer, Technip
Thierry Pilenko - Chairman & Chief Executive Officer, Technip
Published: 2017/07/05
Channel: GE Oil & Gas
AIG Chief Executive Officer Lectures Business Students
AIG Chief Executive Officer Lectures Business Students
Published: 2014/04/28
Channel: Morgan State University
The Chief Operating Officer COO Video
The Chief Operating Officer COO Video
Published: 2014/09/02
Channel: GoalRecorder
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
Viva Techonology, Paris 2016: Speech by Isabelle Kocher, Chief Executive Officer – ENGIE
Viva Techonology, Paris 2016: Speech by Isabelle Kocher, Chief Executive Officer – ENGIE
Published: 2016/07/01
Channel: ENGIE
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.
Dan Amos,  Chairman and Chief Executive Officer for Aflac
Dan Amos, Chairman and Chief Executive Officer for Aflac
Published: 2015/08/28
Channel: ethisphere
Will Price - Chief Executive Officer, Widgetbox
Will Price - Chief Executive Officer, Widgetbox
Published: 2008/09/16
Channel: UC Berkeley Events
eCAC40 awards: interview with Frédéric Oudéa, Chief Executive Officer
eCAC40 awards: interview with Frédéric Oudéa, Chief Executive Officer
Published: 2016/10/07
Channel: Société Générale
Chandran Rama Murthy, Chief Executive Officer, Malindo Air
Chandran Rama Murthy, Chief Executive Officer, Malindo Air
Published: 2014/03/13
Channel: SATTE India
John Wood, Chief Executive Officer and Chairman of the Board, Telos
John Wood, Chief Executive Officer and Chairman of the Board, Telos
Published: 2018/02/21
Channel: SiliconANGLE
Cochrane AGM 2017: Chief Executive Officer Report
Cochrane AGM 2017: Chief Executive Officer Report
Published: 2017/10/16
Channel: Cochrane
Meet our new chief executive officer, Patrick Canagasingham!
Meet our new chief executive officer, Patrick Canagasingham!
Published: 2017/06/22
Channel: CCFCanada
Aswathi s chief executive officer in davanagere by shahblueheart
Aswathi s chief executive officer in davanagere by shahblueheart
Published: 2017/03/14
Channel: shahblueheart
Gilles Schnepp - Chairman and Chief Executive Officer
Gilles Schnepp - Chairman and Chief Executive Officer
Published: 2014/04/24
Channel: Legrand
Pastor Deola Phillips Inaugurated as 14th Chief Executive Officer, BLW Inc
Pastor Deola Phillips Inaugurated as 14th Chief Executive Officer, BLW Inc
Published: 2017/07/05
Channel: LoveWorld SAT
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 message from David Thodey - Chief Executive Officer, Telstra
A message from David Thodey - Chief Executive Officer, Telstra
Published: 2015/02/22
Channel: Telstra
Mohammed Dewji - Group Chief Executive Officer of Mohammed Enterprises Tanzania
Mohammed Dewji - Group Chief Executive Officer of Mohammed Enterprises Tanzania
Published: 2014/01/24
Channel: CNBCAfrica
I Work At Power Because.. - Corey Schiller, Chief Executive Officer
I Work At Power Because.. - Corey Schiller, Chief Executive Officer
Published: 2013/03/12
Channel: Power Home Remodeling
Axel Hesse erklärt Chief-Executive-Officer (CEO) - Gründerszene Lexikon
Axel Hesse erklärt Chief-Executive-Officer (CEO) - Gründerszene Lexikon
Published: 2010/03/12
Channel: Gründerszene
Peter Pascali, Chief Executive Officer, Pyrogenesis
Peter Pascali, Chief Executive Officer, Pyrogenesis
Published: 2015/04/30
Channel: The View From The C-Suite
Chief executive officer Meaning
Chief executive officer Meaning
Published: 2015/04/24
Channel: SDictionary
Microsoft CEO Satya Nadella speech on MSIgnite 2016
Microsoft CEO Satya Nadella speech on MSIgnite 2016
Published: 2016/09/26
Channel: iGadgetPro
Jim Payne, Chief Executive Officer, dynaCERT
Jim Payne, Chief Executive Officer, dynaCERT
Published: 2017/05/03
Channel: Jay Taylor Media
Helen Clarkson, Chief Executive Officer, The Climate Group
Helen Clarkson, Chief Executive Officer, The Climate Group
Published: 2017/07/11
Channel: The Climate Group
Impedimed: (ASX:IPD): Rick Carreon, Managing Director & Chief Executive Officer
Impedimed: (ASX:IPD): Rick Carreon, Managing Director & Chief Executive Officer
Published: 2017/11/13
Channel: Morgans
Steve Koekemoer, Chief Executive Officer, Open Country
Steve Koekemoer, Chief Executive Officer, Open Country
Published: 2018/02/25
Channel: Catering News ME
James Hogan, President and Chief Executive Officer, Etihad Airways
James Hogan, President and Chief Executive Officer, Etihad Airways
Published: 2016/03/08
Channel: Global Aerospace Summit
Orocobre (ASX:ORE): Richard Seville, Chief Executive Officer
Orocobre (ASX:ORE): Richard Seville, Chief Executive Officer
Published: 2017/06/22
Channel: Morgans
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
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
Video introduction from the Chief Executive Officer, Mark Swift
Video introduction from the Chief Executive Officer, Mark Swift
Published: 2014/05/21
Channel: Wellbeing Enterprises
ERM Power (ASX:EPW): Jon Stretch, Managing Director and Chief Executive Officer
ERM Power (ASX:EPW): Jon Stretch, Managing Director and Chief Executive Officer
Published: 2017/09/26
Channel: Morgans
Meet Rizwan Koita - Chief Executive Officer, CitiusTech
Meet Rizwan Koita - Chief Executive Officer, CitiusTech
Published: 2015/11/02
Channel: CitiusTech
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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), managing director (MD)[2] and representative director (RD) (in Japan).[3][4]

Responsibilities[edit]

The responsibility 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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