chief executive officer

(noun)

The highest-ranking corporate officer or executive officer of a corporation, company, or agency, responsible for carrying out the policies of the board of directors on a day-to-day basis; CEO.

Examples of chief executive officer in the following topics:

  • Line Structure

    • Such relations might include managers to sub-workers, directors to managing directors, the chief executive officer to various departments, and so forth.
  • Executive Compensation

    • Levels of executive pay have been controversial in recent times, with only tenuous links between executive pay and company performance.
    • Typically, the chief executive officer (CEO) directs the fortunes of the company.
    • It helps that the CEO has a good team that includes the chief operating officer (COO) who leads the operations of a company, and chief financial officer (CFO) who manages the finances.
    • Also important in different companies are the chief marketing officer (CMO) and the chief information officer (CIO), who manages the information systems.
    • Executive pay (also known as executive compensation) is financial compensation received by an officer of a firm.
  • Budgets, forecasts, and alternative scenarios

    • Quoting from it: "Each spring, executives at JDS Uniphase Corp. plan for three potential sales scenarios for the coming fiscal year, which begins in July.
    • "We knew what levers to pull", says Dave Vellequette, chief financial officer at the Milpatis, Calif., maker of fiberoptic telecommunications equipment.
  • Technical Skills

    • The assumption, especially in large companies, is that chief executives can utilize the technical abilities of their subordinates.
  • Legislative involvement

    • Climate Action Partnership (USCAP), consisted of chief executives from Alcoa, BP America, Caterpillar, Duke Energy, DuPont, the FPL Group, General Electric, Lehman Brothers, PG&E and PNM Resources – along with four leading non-governmental organizations including Environmental Defense, the Natural Resources Defense Council, the Pew Center on Climate Change and the World Resources Institute.
  • Industrial Purchasing Behavior

    • 1990s: Hamanaka and the copper market Rogue trader Yasuo Hamanaka, Sumitomo Corporation's chief copper trader, attempted to corner the international copper market over a ten year period leading up to 1996. [6] At one point during this "Sumitomo copper affair," Hamanaka is believed to have controlled approximately 5% of the world copper market. [6] As his scheme collapsed, Sumitomo was left with large positions in the copper market, ultimately losing US$2.6 billion. [7] In 1997 Hamanaka pleaded guilty to criminal charges stemming from his trading activity and was sentenced to an eight year prison sentence.
    • 2008: Porsche and shares in Volkswagen During the financial crisis of 2007-2010 Porsche cornered the market in shares of Volkswagen, which briefly saw Volkswagen become the world's most valuable company. [8] Porsche claimed that its actions were intended to gain control of Volkswagen rather than to manipulate the market: in this case, while cornering the market in Volkswagen shares, Porsche contracted with naked shorts—enabling it to perform a short squeeze on them. [9] It was ultimately unsuccessful, leading to the resignation of Porsche's chief executive and financial director and to the merger of Porsche into Volkswagen.
    • 1990s: Hamanaka and the copper marketRogue trader Yasuo Hamanaka, Sumitomo Corporation's chief copper trader, attempted to corner the international copper market over a ten year period leading up to 1996. [6] At one point during this "Sumitomo copper affair," Hamanaka is believed to have controlled approximately 5% of the world copper market. [6] As his scheme collapsed, Sumitomo was left with large positions in the copper market, ultimately losing US$2.6 billion. [7] In 1997 Hamanaka pleaded guilty to criminal charges stemming from his trading activity and was sentenced to an eight year prison sentence.2008: Porsche and shares in VolkswagenDuring the financial crisis of 2007-2010 Porsche cornered the market in shares of Volkswagen, which briefly saw Volkswagen become the world's most valuable company. [8] Porsche claimed that its actions were intended to gain control of Volkswagen rather than to manipulate the market: in this case, while cornering the market in Volkswagen shares, Porsche contracted with naked shorts—enabling it to perform a short squeeze on them. [9] It was ultimately unsuccessful, leading to the resignation of Porsche's chief executive and financial director and to the merger of Porsche into Volkswagen.2010: Armajaro and the European cocoa marketOn July 17, 2010, Armajaro purchased 240,100 tonnes of cocoa.
  • The Organization Chart

    • The President of the United States and the reporting structure beneath him as Commander-in-Chief is a good example of the use of an organization chart.
    • A typical organization chart illustrates by name and by title the relationships between senior executives and the general management of an organization.
  • Elton Mayo

    • He also encouraged upwards communication, by which communication is two-way, from worker to chief executive, as well as vice versa.
  • Ethical Issues at an Organizational Level

    • Many executives at Enron were indicted for a variety of charges and were later sentenced to prison.
    • Availability for advice on ethical situations (i.e, advice lines or offices)
    • The 2008 financial crisis caused critics to challenge the ethics of the executives in charge of U.S. and European financial institutions and regulatory bodies.
    • Fairness in trading practices, trading conditions, financial contracting, sales practices, consultancy services, tax payments, internal audits, external audits, and executive compensation also fall under the umbrella of finance and accounting.
  • Operations: the logistical rim on the wheel

    • Executive Summary which goes at the beginning of your business plan but is often written last should contain a brief summary of each of the above mentioned business plan sections.
    • Executive summaries should be limited to two or less pages.
    • The Executive Summary is often the most read portion of your business plan so it's important to write and re-write this section until it's absolutely perfect.
    • Some entrepreneurs recommend that you draft the executive summary first and use this document as a planning document to cross check what you need in order to complete the business plan.
    • Check with your local government office to get directed to the rules and regulations and processes you need to follow in order to properly establish your business's legal entity.
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