What does a CEO do?

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RUKI

1151 posts

Uber Geek

#1574840 16-Jun-2016 09:06

That person claimed themselve CEO on Facebook. Their occupation according to their Facebook page is "Stay at home Parent" - i.e. looking after their own kid(s).

Although it is very important job (to look after your own kid(s)) - calling yourself CEO is a little bit over the top, don't you think? :-)

Or maybe not. Now you can follow the suit and if you are staying at home and looking after your kids - call yourself CEO! I can't as mine are adults and I am looking after my business as Company Director (being humble..)

MikeB4

15555 posts

Uber Geek
Inactive user

#1574844 16-Jun-2016 09:11

RUKI:

That person calimed themselve CEO on Facebook. Their occupation according to their Facebook page is "Stay at home Parent" - i.e. looking after their own kid(s).

Although it is very important job (to look after your own kid(s)) - calling yourself CEO is a little bit over the top, don't you think? :-)

Or maybe not. Now you can follow the suit and if you are staying at home and looking after your kids - call yourself CEO! I can't as my are adults already and I am looking after my business as Company Director (being humble..)

I would have thought the bazinga was obvious.

MikeAqua

5996 posts

Uber Geek

#1574898 16-Jun-2016 10:15

In my experience normally ...

Directors fees are set by the shareholders. Fees (or a method for determining them) will be set out in the shareholders' agreement and changed only with the unanimous or majority agreement of the shareholders. Shareholders may seek independent advice on appropriate fees.

Directors fees will be set in relation to the size of the business, any specialist experience required of directors, whether the company is publicly listed, the sector and (increasingly) the risk of personal liability. Personal experience is factor in selection but directors are voted in by shareholders and fees are fixed for the chair and directors.

Directors fees can be zero (companies operated by a charity, some start-ups and spin outs) but usually for small to medium company they are in the region of $10k to $50k per annum.

CEO salaries are set by the directors, based on the market rate. Again taking into account business size, responsibilities, whether the company is publicly listed, sector, specialist requirements and (increasingly) the risk of personal liability. With a CEO the track record and experience of the individual are taken into account

Similar considerations influence both directors' fees and CEO salaries but they are set in a completely different way and usually by different functional groups.

Mike

Fred99

10984 posts

Uber Geek

#1574918 16-Jun-2016 11:04

The Europeans (Germany in particular - but probably others) have a dual-tier board structure for medium/large companies, with 50% (minimum) of one board elected by workers.

I don't know if this system "works better" than the alternative we have. One thing suggests it might, German industry (auto in particular) seems to have remained strong despite high worker wages and excellent worker conditions and produce premium quality product. The rest of the world auto makers just shift production of cars for their domestic market to lower cost countries, Mexico, Thaliand, etc.

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