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what is the difference between CEO,MD,Chairman,President
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Answer Posted / doc chris
CEO and MD are same thing. Chairman(UK) and president(US)
same thing.
Chairman and president are heads of the boards of directors
and are chosen by shareholders. They have the shareholders
interest at heart, but since they usually own loads and
loads of shares, they equally have their own interests at
heart. they arent too interested in running the company
because its hard work. They instead prefer to get drunk
with the shareholders, make speeches at AGMs etc - they
have a great time. They also come up with a mandate for the
CEO, tell CEO what they think the company's goals should
be, and they meet other chairmen, CEOs, ministers,
secretaries of state in order to try and get more business
for company. The CEO has been told what chairman believes
to be the company's direction and works really hard
managing the operations of the company - he also comes up
with his own ideas, and is always meeting the chairman to
get chairman's approval on any of his extravagant ideas,
and also sometimes joins the chairman meeting other
chairmen and ministers and secretaries of state. He doesnt
have as good a time as the chairman cos he has to work damn
hard, but if he behaves himself and increases turnover, he
will get tons of cash, shares and after ten or so years,
gets the chair himself, or gets the chair of another
company that has noticed his performance.
| Is This Answer Correct ? | 38 Yes | 14 No |
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