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A chief executive officer (CEO) describes the position of the most senior corporate officer, executive, leader or administrator in charge of managing an organization. CEOs lead a range of organizations, including public and private corporations, non-profit organizations and even some government organizations (e.g., Crown corporations). The CEO of a corporation or company typically reports to the board of directors and is charged with maximizing the value of the entity, which may include maximizing the share price, market share, revenues, or another element. In the non-profit and government sector, CEOs typically aim at achieving outcomes related to the organization's mission, such as reducing poverty, increasing literacy, etc. Titles also often given to the holder of CEO position include president, chief executive (CE), and managing director (MD), as well as representative director (RD) in Japan
In a small pty ltd company the majority shareholder was the CEO. The company was going through some financial and legal turmoil. The other two directors prevailed upon him to terminate an unproductive employee on the grounds that they could no longer afford the salary. The employee was given...