• Chief Executive Officer
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Chief executive officer
A chief executive officer (CEO) is the
highest-ranking corporate officer
(executive) or administrator in charge of
total management of an organization. An
individual appointed as a CEO of a
corporation, company, organization, or
agency typically reports to the board of
directors. In British English, terms often
used as synonyms for CEO include
managing director (MD) and chief
executive (CE).
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Chief executive officer Responsibilities
1
The responsibilities of an organization's
CEO or MD 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.
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Chief executive officer Responsibilities
1
Typically, the CEO/MD has responsibilities
as a director, decision maker, leader,
manager and executor
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Chief executive officer Characteristics
According to a study by Carola
Frydman of MIT, from 1936 to the
early 2000s there has been a rapid
increase in the share of MBA
graduates acting as CEOs; from
approximately 10% of CEOs in 1960 to
more than 50% by the end of the
century. Earlier in the century, top
executives were more likely to have
obtained technical degrees in science
and engineering or law degrees.
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Chief executive officer International use
1
In some European Union countries, there
are two separate boards, one executive
board for the day-to-day business and one
supervisory board for control purposes
(selected by the shareholders)
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Chief executive officer International use
1
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).
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Chief executive officer International use
1
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 bestknown type
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Chief executive officer Related positions
1
In the US the term "chief" is a for-profit
title used exclusively in business, the
term "executive director" replaces
"chief" in the not-for-profit sector. These
terms are mutually exclusive and have
legal duties and responsibilities
attached to them which are
incompatible. Implicit in the use of these
titles is that the public not be misled and
the general standard regarding their use
be consistently applied.
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Chief executive officer Related positions
In the UK "Chief Executive" and, much
more rarely "Chief Executive Officer", are
used in both business and the charitable
sector (not-for-profit sector). As of 2013
the use of the term [director] is deprecated
for senior charity staff, to avoid confusion
with the legal duties and responsibilities
associated with being a charity director or
trustee, which are normally non-executive
(unpaid) roles.
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Chief executive officer Related positions
1
Typically, a CEO has several subordinate
executives, each of whom has specific
functional responsibilities.
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Chief executive officer Related positions
1
Common associates include a chief business
development officer (CBDO), chief financial
officer (CFO), chief operating officer (COO),
chief marketing officer (CMO), chief
information officer (CIO), chief
communications officer (CCO), chief legal
officer (CLO), chief technology officer (CTO),
chief risk officer (CRO), chief creative officer
(CCO), chief compliance officer (CCO), chief
audit executive (CAE), chief diversity officer
(CDO), or chief human resources officer
(CHRO).
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Chief executive officer Related positions
Hospitals and healthcare
organizations also often include a
Chief Medical Officer (CMO), a chief
nursing officer (CNO), and a chief
medical informatics officer (CMIO).
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Chief executive officer Related positions
1
In the United Kingdom the term "director" is
used instead of "chief officer". Senior
positions may include the audit executive,
business development director, chief
executive, compliance director, creative
director, director of communications, diversity
director, financial director, human resources
director, information technology director, legal
affairs director, managing director (MD),
marketing director, operations director and
technical director.
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Corporate governance Separation of Chief Executive Officer and Chairman of the Board
roles
Shareholders elect a board of
directors, who in turn hire a Chief
Executive Officer (CEO) to lead
management. The primary
responsibility of the board relates to
the selection and retention of the CEO.
However, in many U.S. corporations
the CEO and Chairman of the Board
roles are held by the same person.
This creates an inherent conflict of
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Corporate governance Separation of Chief Executive Officer and Chairman of the Board
roles
1
Critics of combined roles argue the two
roles should be separated to avoid the
conflict of interest. Advocates argue that
empirical studies do not indicate that
separation of the roles improves stock
market performance and that it should be
up to shareholders to determine what
corporate governance model is
appropriate for the firm.
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Corporate governance Separation of Chief Executive Officer and Chairman of the Board
roles
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In 2004, 73.4% of U.S
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Steve Ballmer - Chief Executive Officer
1
In January 2000, Ballmer was
officially named Chief
Executive Officer
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Steve Ballmer - Chief Executive Officer
1
When Ballmer took over as CEO, the company
was fighting an antitrust lawsuit brought on by
the U.S
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Steve Ballmer - Chief Executive Officer
Upon becoming CEO, Ballmer required
detailed business justification in order to
approve of new products, rather than
allowing hundreds of products that
sounded potentially interesting or trendy.
In 2005, he recruited B. Kevin Turner from
Wal-Mart Stores, where he was executive
vice president, to become Microsoft's chief
operating officer to add scorecards for
measuring customer satisfaction and other
key sales metrics.
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Steve Ballmer - Chief Executive Officer
Since Bill Gates' retirement, Ballmer
oversaw a dramatic shift away from the
company's PC-first heritage, replacing
most major division heads in order to
break down the talent-hoarding fiefdoms,
and Businessweek said that the company
arguably now has the best product lineup
in its history. Ballmer has been
instrumental in driving Microsoft's cloud
computing strategy, with acquisitions such
as Skype.
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Steve Ballmer - Chief Executive Officer
Under Ballmer's tenure as CEO,
Microsoft's annual revenue has surged
from $25 billion to $70 billion, while its net
income has increased 215 percent to $23
billion, and its gross profit of 75 cents on
every dollar in sales is double that of
Google or International Business
Machines Corp
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Steve Ballmer - Chief Executive Officer
1
However, Ballmer has attracted criticism
for failing to capitalize on several new
consumer technologies, several of which
Microsoft originally invented but Apple Inc
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Steve Ballmer - Chief Executive Officer
1
In 2009, and for the first time since Bill
Gates resigned from day-to-day
management at Microsoft, Ballmer
delivered the opening keynote at
Consumer Electronics Show|CES.
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Steve Ballmer - Chief Executive Officer
On June 19, 2012 Ballmer revealed
Microsoft's new tablet device called
Microsoft Surface (tablet)|Microsoft
Surface at an event held in Hollywood, Los
Angeles.
1
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Steve Ballmer - Chief Executive Officer
1
On August 23, 2013, Microsoft announced
that Steve Ballmer would retire within the
next 12 months. A special committee that
includes Bill Gates will decide on the next
CEO.Chaudhuri, Saabira (August 23,
2013). . The Wall Street Journal.
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Steve Ballmer - Chief Executive Officer
There has been a list of potential
successors to Ballmer as Microsoft
CEO, but all have departed the
company: Jim Allchin, Brad
Silverberg, Paul Maritz, Nathan
Myhrvold, Greg Maffei, Pete Higgins,
Jeff Raikes, J. Allard, Robbie Bach,
Bill Veghte, Ray Ozzie, Bob Muglia
and Steven Sinofsky.
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Steve Ballmer - Chief Executive Officer
B. Kevin Turner, Microsoft's Chief
Operating Officer (COO), is considered by
some to be a de facto number two to
Ballmer, with Turner having a strong grasp
of business and operations but lacking
technological vision.. Money.cnn.com.
Retrieved on September 4, 2013.
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Steve Ballmer - Chief Executive Officer
1
Ballmer has also served as director of
Accenture Ltd. and a general partner of
Accenture SCA since October 2001.
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Yahoo! - Chief Executive Officers
* Scott Thompson
(businessman)|Scott
Thompson (2012)
1
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Medical Research Council (United Kingdom) - Chief Executive Officers
1
As Chief Executive Officers
(originally secretaries)
served:
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Orange (telecommunications) - Chief Executive Officers
The company is headed either by the
Chairman of the Board of Directors, whose
title in that case is the Chairman and Chief
Executive Officer, or by another person
appointed by the Board of Directors and
given the title of Chief Executive Officer.
1
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Norsk Hydro - Chief Executive Officers
1
* 1941ndash;1956 Bjarne Eriksen
(businessperson)|Bjarne Eriksen
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Mitre Corporation - Chief executive officers
* 1986–1990: Charles A.
Zraket[http://purl.umn.edu/107728 Oral
history interview with Charles A.
Zraket], Charles Babbage Institute,
University of Minnesota
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Richard Fuld - Chief Executive Officer
Having served as CEO from 1994
through the firm's collapse in 2008,
Fuld was the longest-tenured CEO on
Wall Street at the time of the financial
crisis of 2008
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Richard Fuld - Chief Executive Officer
1
Fuld had a succession of number twos
under him, usually titled as President and
Chief Operating Officer
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Richard Fuld - Chief Executive Officer
In 2006, Institutional Investor
(magazine)|Institutional Investor
magazine named Fuld America's top
chief executive in the private sector.
That same year in December, Fuld
told The Wall Street Journal, as long as
I am alive this firm will never be sold.
In March 2008, Fuld appeared in
Barron's (newspaper)|Barron's list of
the 30 best CEOs and was dubbed Mr.
1
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Richard Fuld - Chief Executive Officer
Overall, Fuld received nearly half a billion
dollars in total compensation from 1993 to 2007
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List of chief executive officers
The following is a 'list of chief
executive officers' (CEOs) of notable
companies. The list also includes lead
executives with a position
corresponding to CEO (Managing
Director), and any concurrent
positions held (Chairman, President,
etc.).
1
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List of chief executive officers
1
| East Carolina University
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List of chief executive officers
| Chairman of the
Executive Committee
1
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List of chief executive officers
1
| Stanford university
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List of chief executive officers
|
2001[http://investing.businessweek.c
om/research/stocks/people/person.a
sp?personId=366001ticker=YUM
David Novak: Executive Profile
Biography - Businessweek]
1
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Bank of Montreal - Chief Executive Officer
1
Since the middle of the twentieth century,
the senior officer of Bank of Montreal has
been styled President and Chief Executive
Officer beginning with G. Arnold Hart. That
officer often also held the title Chairman of
the Board, until 2003 when a nonexecutive chairman was appointed.
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Bank of Montreal - Chief Executive Officer
1
The title of the second-ranking executive has
changed several times and has often been left
vacant
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Girl Scouts of the USA - Chief Executive Officers
1
* Jane Deeter Rippin (February
1919 – November 1930)
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Girl Scouts of the USA - Chief Executive Officers
* Constance Rittenhouse
(September 1935 – December
1950)
1
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Girl Scouts of the USA - Chief Executive Officers
1
National Executive Directors:
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Girl Scouts of the USA - Chief Executive Officers
1
* Sally Stickney Cortner (July
1960 – May 1961) (Interim)
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Girl Scouts of the USA - Chief Executive Officers
1
* Louise A. Wood
(May 1961 – April
1972)
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Girl Scouts of the USA - Chief Executive Officers
* Frances Hesselbein (July 1976 –
February 1990) was awarded the
Presidential Medal of Freedom in 1998 in
part for her work in Girl Scouts.
1
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Girl Scouts of the USA - Chief Executive Officers
1
* Mary Rose Main (February
1990 – October 1997)
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Girl Scouts of the USA - Chief Executive Officers
1
* Joel E. Becker (October 1997 –
January 1998) (Interim)
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Girl Scouts of the USA - Chief Executive Officers
1
* Marsha J. Evans|Marsha Johnson Evans
(January 1998 – July 2002): retired Rear
admiral (United States)|rear admiral, left
the Girl Scouts to become president of the
American Red Cross
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Girl Scouts of the USA - Chief Executive Officers
1
* Jackie Barnes (July 2002
– October 2003) (Interim)
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One share, one vote - Separation of Chief Executive Officer and Chairman of the Board
roles
1
In 2004, 73.4% of U.S
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Democratic Alliance (South Africa) - Chief Executive Officers
1
Chief executive officers of the
Democratic Alliance:
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Spredfast - Rod Favaron, Chief Executive Officer
1
- Rod is responsible for overall company operations
and long-term strategic direction
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4Kids Entertainment - Chief Executive Officers
* June 1990–December 1990: Robert
Kotick[http://www.themediabriefing.com/people/robe
rt-kotick ]
1
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4Kids Entertainment - Chief Executive Officers
1
* March 1991–January 11, 2011: Alfred
R.
Kahnhttp://www.4kidsentertainment.
com/press-release/january-11-20114kids-entertainment-chairman-andceo-alfred-r-kahn-retires/
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4Kids Entertainment - Chief Executive Officers
1
* January 11, 2011 –
September 30, 2012:
Michael Goldstein
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Timbro - Chief executive officers
Other notable people currently or
previously associated with Timbro
include Michael C. Moynihan, Johan
Norberg, Eva Cooper, Fredrik Erixon,
Johnny Munkhammar, Fredrik
Segerfeldt, Erik Zsiga, Kristian
Karlsson, Dick Kling, Dick Erixon,
Mattias Svensson, Sven Otto Littorin,
Ulf Kristersson, Henrik Landerholm,
Christofer Fjellner, Johan Forssell and
1
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Medical Research Council (UK) - Chief Executive Officers
1
MRC CEOs are
normally
automatically
knighted.
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Sveriges television - Chief executive officers
1
Before Sveriges Television was formed in
1978, television broadcasting was
controlled by channel controllers. Nils Erik
Baehrentz was the controller between
1958-1968. He was succeeded by Håkan
Unsgaard who became TV1's controller in
1968 and Örjan Wallquist who became the
TV2 controller in 1969.
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Sveriges television - Chief executive officers
When Sam Nilsson retired, the
executive chair was split between a
CEO and a Programme Officer. This
position was abolished in 2007.
1
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Pennsylvania Railroad - Chief executive officers
The controlling non-institutional
shareholders of PRR were, during the
early 1960s, Henry Stryker Taylor, who
was a part of the Jacob Bunn business
dynasty of Illinois, and Howard Butcher
III, a principal in the Philadelphia
brokerage house of Butcher Sherrerd
(later Butcher Singer).
1
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Kyiv Post - Chief editors and chief executive officers
1
The Kyiv Post has had at least 13 chief editors since
its first edition on Oct
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Kyiv Post - Chief editors and chief executive officers
The longest-serving chief editor is
[https://www.facebook.com/brian.bonner
Brian Bonner], an American citizen who
became the editor in the summer of 1999
and returned on June 9, 2008
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Kyiv Post - Chief editors and chief executive officers
Bonner's tenure was
interrupted briefly twice
1
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Kyiv Post - Chief editors and chief executive officers
1
Zahoor also fired Bonner as chief editor a
second time on April 30, 2014, as the
newspaper underwent deep budget cuts,
but reinstated him on Sept. 1, 2014. He
remains chief editor.
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Kyiv Post - Chief editors and chief executive officers
Parusinski, hired by Bonner as a
business reporter in 2011 and later
promoted to lifestyle editor, served as
chief editor for four months during
Bonner's absence from May 1, 2014, to
Sept. 1, 2014. Zahoor promoted
Parusinski to chief executive officer on
Sept. 1, 2013, replacing J. Michael
Willard, who had held the post since
July 2011. During founder Sunden's
1
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Kyiv Post - Chief editors and chief executive officers
1
She became the first Ukrainian and first woman
to be chief executive officer of the Kyiv Post
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David Jones Limited - Chief Executive Officers
*Peter Wilkinson
(Australian
businessman)|Peter
Wilkinson, 1997–2002
1
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Ken Lewis (executive) - Chief Executive Officer
Lewis became CEO, President and
Chairman of Bank of America after the
retirement of Hugh McColl in 2001
1
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Government of Los Angeles County - Chief Executive Officer
1
The Chief Executive Officer (CEO), also
known the Chief Administrative Officer,
assists the Board of Supervisors in
handling the mounting administrative
details of the County and is responsible for
making recommendations to the Board.
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Government of Los Angeles County - Chief Executive Officer
1
The CEO has direct supervision over 31 of
the 37 departments, while the other 8
departments—Assessor, AuditorController, Community Development
Commission, County Counsel, District
Attorney, Executive Office of the Board of
Supervisors, Fire, and Sheriff—do not
report to the CEO.
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Professional wrestling authority figures - Chief Executive Officer (CEO)
* Stone Cold Steve
Austin|Steve Austin (June
7, 1999 – June 27, 1999)1
1
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Professional wrestling authority figures - Chief Executive Officer (CEO)
1 Kayfabe-appointed CEO by Linda
McMahon; subsequently lost power in
a ladder match at King of the Ring
(1999)|King of the Ring.
1
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Professional wrestling authority figures - Chief Executive Officer (CEO)
1
2 Linda McMahon gained control after
her husband Vince McMahon was
barred from appearing on WWF
television after Fully Loaded
(1999)|Fully Loaded. In real life,
Linda McMahon served on the board
of directors for WWE from 1980; Vince
McMahon appointed her to the
position of CEO in 1994 during the
WWF steroid scandal.
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Willie Walsh (Irish businessman) - Aer Lingus chief executive officer
1
In October 2001 Walsh was elevated
from COO to CEO, succeeding
Michael Foley who had resigned
following a harassment complaint
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Willie Walsh (Irish businessman) - Aer Lingus chief executive officer
1
The company operating profits rebounded,
but the cost of the write-offs and
redundancies meant that net profitability
was not as quick to recover. Not all of
Walsh's reforms were successful, such as
the outsourcing of aircraft cleaning. The
contracting had not been agreed with Aer
Lingus unions which led to large payments
to the private contractor while Aer Lingus
employees did the cleaning work. A threehttps://store.theartofservice.com/the-chief-executive-officer-toolkit.html
Willie Walsh (Irish businessman) - Aer Lingus chief executive officer
1
The management team suggested to the
principal shareholder, the Irish
Government, a float of Aer Lingus on the
stock market. Stock floats are often
rewarding to top management and this
was opposed by the unions who feared a
privatised Aer Lingus would impose even
tougher working conditions. The
Government eventually turned down the
float and this led to Walsh and other
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Willie Walsh (Irish businessman) - Aer Lingus chief executive officer
1
The Taoiseach Bertie Ahern subsequently
described Walsh's offer of an MBO as a
time when management wanted to steal
the assets for themselves through a
management buy out, shafting staff
interests..
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Willie Walsh (Irish businessman) - Aer Lingus chief executive officer
1
Dermot Mannion, formerly of Emirates
Airline, succeeded Walsh as Aer Lingus
chief executive officer.
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Willie Walsh (Irish businessman) - British Airways chief executive officer
The British Airways board were
seeking a successor to chief executive
officer Rod Eddington who had
announced plans to return to his
native Australia at the end of his
contract. Walsh was hired in May 2005
at age 43, with a six-month shadowing
period to get to know the business
before the departure of Eddington on
October 2005.
1
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Chief Executive Officer (Afghanistan)
1
As part of a national unity agreement, it
was agreed that Ashraf Ghani would
assume the presidency and a new post of
Chief Executive Officer would be created
for Abdullah Abdullah
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Chief Executive Officer (Afghanistan) - Roles and responsibilities
The Chief Executive Officer chairs a
weekly meeting of a Ministers' Council
which can make policy recommendations
to the President. The Chief Executive
Officer can also recommend ministers for
the Cabinet of Afghanistan, a body chaired
by the President.
http://www.dw.de/understandingafghanistans-chief-executive-officer/a17965187
1
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Chief Executive Officer (Afghanistan) - Roles and responsibilities
1
The national unity agreement calls for a
meeting of the Loya Jirga within two years
to consider the need for the re-creation of
a post of Prime Minister of
Afghanistan|Prime Minister within the
Afghan Government.
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Jeff Zucker - Chief Executive Officer of NBC
On December 15, 2005, Zucker was
promoted by NBC to Chief Executive
Officer of NBC Universal Television Group
behind Robert Charles Wright, vice
chairman of General Electric and
chairman CEO of NBC Universal. Zucker
was responsible for all programming
across the company’s television
properties, including network, news,
cable, and Sports and Olympics. His
responsibilities also included the
company’s studio operations and global
1
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Debra L. Lee - As Chief Executive Officer of Black Entertainment Television
1
Under Lee, Black Entertainment Television
has begun to move in a different format
direction for the network
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Rick Wagoner - Chief Executive Officer
Wagoner became president and chief
executive officer in June 2000 and was
elected chairman on May 1, 2003. Under
his leadership, GM suffered more than $85
billion in losses.
1
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Rick Wagoner - Chief Executive Officer
1
In an interview,Interview With Rick Wagoner, Motor
Trend magazine, June 2006, p
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Rick Wagoner - Chief Executive Officer
In April 2005 Wagoner took back
personal control of GM's North
American car division in light of its
poor performance. In early June 2005
Wagoner announced that GM in the
United States would close several
plants and shed 25,000 employees
(17% of GM's U.S. workforce) by 2008.
The cuts will result in GM production
reducing output by one million cars
1
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Rick Wagoner - Chief Executive Officer
1
In the Automotive industry crisis of
2008–2009, Wagoner came under
renewed pressure as GM sought
financial support from the U.S
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Rick Wagoner - Chief Executive Officer
1
During hearings for government loans
to the Big Three Automakers,
Wagoner, Alan Mulally and Robert
Nardelli were criticized for flying to
Washington, D.C
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Rick Wagoner - Chief Executive Officer
The BBC reported
that Wagoner was
popular among GM
employees and
reporters
1
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Rick Wagoner - Chief Executive Officer
On March 29, 2009, Wagoner agreed to
immediately resign his position as GM
Chairman and CEO, as part of the Obama
administration deal to provide GM with further
short-term financing. The following day, the
US government rejected GM's initial
restructuring plan and gave the company 60
days to come with a new proposal or be
forced into bankruptcy. He was replaced as
CEO by Fritz Henderson, who had been
serving as GM's President and Chief
Operating Officer.
1
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Rick Wagoner - Chief Executive Officer
1
After 32 years at GM, Wagoner retired with
an exit package of over $10 million: $1.65
million in benefits per year for his first five
years of retirement, $74,030 per year pension
for the rest of his life, and a $2.6 million life
insurance policy that can be cashed out at
any
time.[http://www.huffingtonpost.com/2009/07/
14/rick-wagoner-gets-82-mill_n_232339.html
Rick Wagoner Gets Over $10 Million],
Huffington Post, August 14, 2009.
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