So I work for a large bank in the United States. Me and my coworkers always joke that whenever something bad or inconvenient happens it’s the CEOs fault. Though it’s just a running joke it got me thinking, on a day to day basis what does a CEO actually do? I get the “Chief Executive Officer” nomenclature means they more than likely make executive decisions but what does that look like? Are they at their desk signing papers all day? Death by meeting?
Edit: Holy crap thanks for all the answers I feel like this sub always pulls through when I have a weird question. Thanks guys!
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The only thing a CEO needs to do is try to make sure the company meets the board of directors requirements. Since the board of directors are almost always big shareholders in the company this generally means increasing profitability. So almost every CEO will try to implement some 2-5 year plan about how to change the company to expand in new markets and increase profits. Then they need to spend all their time making sure other executives follow the plan, placating the board when something inevitably goes wrong and attend meetings all over the world about investments and shit.
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