The chief executive officer (CEO) is the highest-ranking person in the company.
Even though every company is different, CEOs are often responsible for expanding the company, improving profitability, and in the case of public companies, driving up share prices. CEOs manage all of the company’s activities.
In many companies, CEOs are elected by the board of directors.
CEOs of America’s 350 largest companies earn an average of $24 million, or 351 times more than the average employee.
Studies show that the CEO influences 45% of a company’s efficiency, while others show that they influence 15% of profitability variances.