Bruce T
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Corporations employ C.E.O.s to make money, period. Their influence, contacts, management skills, etc., insure corporations continued success, hopefully. C.E.O.s generally position the right people in the right places they know will perform.
C.E.O.s report to a Board of Directors and/or Stockholders. In a sense, they have no immediate manager but performance of the corporation is the responsibility of C.E.O.s, therefore, the "bodies" just mentioned oversee. Recommendations can be made in regards to income, benefits, and, yes, termination. An example of termination, back in late 1980's (approximately) the CEO of United Way, making millions in income, was found to have been taking from funds collected for the "needs of others". True, his management skills, influence, and right people made over and beyond all expectations as he claimed, but what he did was very unethical, and for many, myself included, I have never given a penny to United Way since.
Good Luck with your life, stay positive. |
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