Description Of The Workings And Intricacies Of A Ceo.

1278 words - 5 pages

Chief Executive OfficerIn the murky waters of corporate America, there is one position that takes more ridicule, blame, commendation, and praise then any other. This position in business is of course the CEO. This highest-ranking position in industry carries with it much responsibility not only to the company as a whole, but also to the individual employees who work there.The Chief Executive Officer carries much of his or her responsibility in the fields of communication, organization, direction, and leadership. It is the job of the CEO to direct, plan, and implement policies and objectives in the organization. As CEO, you plan procedures, establish responsibilities, and coordinate functions among departments and sites. Continuing, a CEO must confer with board members, officials, and staff members. The CEO also presides over or serves on a board of directors, or other governing body. He or she must analyze operations to evaluate performance of company and staff. A CEO reviews financial statements and sales and activity reports, along with preparing budgets and reports. One large responsibility of the CEO is to assign and delegate jobs to his employees or subordinates. As a spokesman for the company, the CEO properly represents his company before the public, government agencies, and community groups.Many advantages come with this prestigious and esteemed career. One of the obvious advantages of the profession is the large salary. The national average salary for a CEO is $522,060. New York, and more specifically, Rochester, is especially appealing for an aspiring CEO. A typical CEO in Rochester, New York earns a median base salary of $542,942 a year! Many bonuses and benefits come with this job as well. The total compensation for a CEO, base plus bonuses, nationally, $763,785, and in Rochester, New York is $794,336. Adding benefits such as social security, 401K/403b, disability, HealthCare, pension, and time off, and you end up with a total compensation, base and bonuses plus benefits, in Rochester, New York of $936, 506. Of course, values of benefits can vary widely by industry and company. Another advantage of being a CEO comes more a personal level. As CEO, you are very involved with your company's operations, along with the employees that work there, depending on the size of the industry. If you like to travel, this job carries another positive aspect. As a CEO, much travel, sometimes internationally, is involved in order to ensure client satisfaction and operational success. A secure job is always a positive aspect in the professional world. A CEO is one of the most secure positions in business. Although the advantages of this prominent career are abundant, there are still some disadvantages.Being a CEO presents some drawbacks. The largest of these drawbacks is that your position is constantly under fire. As the head of a corporation, the blame and fault will always be focused on you. Your approval rating depends on how your company runs and...

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