what's CEO?

Question

In a corporation, people says CEO's are "the new high priests". I dont know why, anyone can help me? what does it mean and whether it is approriate or not?

Answer 1

it means "chief executive officer." A CEO is the highest position a person can attain on the corporate ladder.

Answer 2

Chief Executive Officer

CEO

In closely held corporations, it is general business culture that the office of Chief Executive Officer, CEO, is also the chairman of the board. Specifically, one person often shares the chairman and CEO titles while another person takes the presidency or may become chief operating officer (COO). However, the term president is from the U.S. and in the UK COO is favored. Underneath that comes the Executive Vice President (U.S.) or Executive Director (UK). In publicly held corporations, the CEO and chairman positions can be separated but there are implications in corporate governance by doing so.
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 (elected by the shareholders). In these countries, the chief executive officer 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. There is a strong parallel here with the structure of governments, which tend to separate the political cabinet from the management civil service.
In rare circumstances an Executive Chairperson can be appointed but this is either illegal in many jurisdictions or frowned upon by Regulators.
In the United Kingdom many Charities and Government Agencies are headed by a Chief Executive who is answerable to a Board of Trustees or Board of Directors. In the UK, the Chairman (of the Board) in public companies is more senior than the Chief Executive. Most public companies now split the role of Chairman and Chief Executive.

Answer 3

A CEO is definitely the leader of the company. I suppose the new high priest implies that he/she has a leader interprets the business principles and acts in the best interest of the god that is the corporation. The CEO relays that message to the little guys who work below them.

Answer 4

CEO stands Chief Executive Officer.

At a very broad level he is the top executive in the corporate responsible for the operations of the organization. He is like a captain of the ship.

A CEO generally reports to a board of directors. A CEO sets visions, goals, objectives and targets for the organization and is committed towards achieving them. He is responsible for devising strategies and mentors/directs his team in achieving them.

Answer 5

CEO is used as a short version to describe the head decision maker of a corporation...it stands for..Chief Executive Officer. The " head honcho " , if you like. Maybe the reference to them being " high priests " is alluding to how powerful and pervading Corporations are, in our modern world.

Answer 6

CEO (Chief Executive Officer). Personally, I think the CFO's are more like the high priests these days (Chief Financial Officer).

Answer 7

CEO - Chief Exec. Officer
CFO- Chief Financial Officer

Answer 8

it means cheif executive officer. they are usually the chief xcecutives of big companies.

Answer 9

EnigmaGirl's got my vote !