What do top executives really do?
Business executive for some, the term elicits respect and envy, while for others executives are a source of resentment and a symbol of greed. But how much do people really know about executives and their roles in the organizations they lead?
A lot of attention is given to the perks executives enjoy big offices, expense accounts and large paychecks. Less focus falls on the long hours, high stress levels and limited job security faced by many executives. Very few people really understand what it is like to be a senior executive. Of all the workers in the U.S., only 0.27 percent are chief executives making top executives members of a very exclusive and mysterious club.
Here are some of the most common executive positions and the roles they play in the organizations they work for.
Chief Executive Officer (CEO)
People usually think of a CEO as the boss. Indeed, a CEO is generally the highest-ranking administrator in an organization; however, that doesn't make CEOs all-powerful. While they are often responsible for achieving goals, planning and oversight of an organization, CEOs are ultimately responsible to an organization's board of directors and shareholders.