CEO has a variety of meanings depending on the person or group using the abbreviation. The most common definition, though, is "Chief Executive Officer." In business, the CEO is the person in charge of an organization or company.Continue Reading
Depending on the needs of an organization, the CEO's responsibilities within it may vary. Common duties for a CEO in the business world include developing a vision for a company, communicating that vision to others and implementing it.
As leaders, CEOs evaluate the success of their businesses and direct the work of other executives. It is also the responsibility of the CEO to ensure that a business remains competitive within its industry. The CEO may be held accountable if a company fails to comply with laws and regulations or ceases to be profitable.Learn more about Corporations
The CEO of Sears Holdings as of November 2015 is Edward S. Lampert. He is also its Chairman of the Board. Lampert became CEO in May 2013 after the previous CEO, Louis D'Ambrosio, resigned due to family health reasons.Full Answer >
The average salary of a chief executive officer, or CEO, was $178,400 per year as of May 2013, according to the U.S. Bureau of Labor Statistics, or BLS. Ten percent of CEOs made at or below $75,030 per year and the median salary was $171,610 per year.Full Answer >
The position of Chief Executive Officer (CEO) typically requires a degree in business or a related field and substantial work experience. Many large companies and corporations look for CEO candidates who hold a Master of Business Administration (MBA) degree, which ensures the candidate has broad knowledge of standard managerial practices.Full Answer >
Asking questions of the CEO is different than putting questions to a regular boss. CEOs are generally more focused on the business side of things and have unique answers to questions. A few examples of good questions to ask a CEO are, "How much profit have you made in the last six months?" and "How do you think the company will grow in the next few years?"Full Answer >