You think western test pilots didn’t die during the creation of our respective aeronautics industry?
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Well it’s very clear in the business world. the CEO (Chief Executive Officer) is there to execute the will of the board of directors and to a lesser extent, the shareholders.
To be a Chief Executive Officer you must have an executive staff (Chief Operating Officer, Chief Financial Officer, Chief Marketing Officer, etc)
Many people in small business like to call themselves a ceo when in reality they are the director of the company. A director can do wherever they want.