Q:

What does CEO stand for?

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Quick Answer

CEO has a variety of meanings depending on the person or group using the abbreviation. The most common definition, though, is "Chief Executive Officer." In business, the CEO is the person in charge of an organization or company.

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What does CEO stand for?
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Full Answer

Depending on the needs of an organization, the CEO's responsibilities within it may vary. Common duties for a CEO in the business world include developing a vision for a company, communicating that vision to others and implementing it.

As leaders, CEOs evaluate the success of their businesses and direct the work of other executives. It is also the responsibility of the CEO to ensure that a business remains competitive within its industry. The CEO may be held accountable if a company fails to comply with laws and regulations or ceases to be profitable.

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    How much does a CEO make?

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    According to the U.S. Bureau of Labor Statistics, the median annual wage for a chief executive officer was $168,140 in 2012. The hourly wage this corresponds to varies because CEOs do not usually adhere to a standard 40-hour work week.

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    What is the difference between CEO and CFO?

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