Thanks John. I'm still a bit confused, but it kinda' sounds like what we'd call a Chief Operating Officer or something like that. All public companies here have a board of directors headed by a chairman (usually part time) and a CEO/Managing Director running reporting straight to the board. (Managing Director was more in use in the eighties, CEO seems to be more popular since the nineties). Smaller companies, or sometimes divisions within large companies, would be headed by a general manager. (Probably similar to what you'd call a president I guess). Anyway, it sounds like we just use different terminology for the same thing. Thanks for the response, I was just curious. Thanks Adam "jt" <email@example.com> Sent by: To: <firstname.lastname@example.org> midrange-nontech-admin@m cc: idrange.com Subject: RE: Corporate structure 07/11/02 07:06 AM Please respond to midrange-nontech <Catchin' up on a few of the lists, fer a bit, and saw this interesting question...> Adam, I don't know what the textbook definitions are. From some reading and in my experience, You have different "roles played", and it depends a lot on size of the organization and corporate culture. In general, large companies are owned by the shareholders of stock in the company. The shareholders elect a BOD (Board of Directors) to represent their interests. The COB (Chairman) being the lead. One of the primary tasks of the Board is to hire people to run the company. I'm not sure if Boards generally hire the President/CEO and S/He does the rest of the hiring or not. In smaller companies there's no need for a CEO. In larger companies the CEO and president may, or may not, be the same person. If not, the President would report to the CEO. My former boss was promoted from President of a $500M subsidiary, to President of the $2.2B parent org. About 3 months later, He was promoted to CEO, so He now reports directly to the Board rather than through an intermediary... This was basically a vote-of-confidence by the BOD (which happens to be 2/3 owned by one person and His family)... It was indicating that the BOD liked the changes and intended direction that the President was putting in place. Btw, one of the BIGGEST things that Mr. Gerstner was able to do, (because, at the time, pretty much everybody felt that taking the job of President of IBM was a career-ending move), was insist on BOTH the jobs of CEO and COB. (I believe that'd been rarely done if ever at IBM, though it is common in SME and always the case in Mom-and-Pop corporations.) And one of the biggest perks of a COB is having some tremendous influence in the selection of their successor (of course, ONLY if they were relatively successful as COB!)... The successor chosen would carry on the legacy of the former COB, to an extent, as well as forge their own direction for the corporation. hth, jt | -----Original Message----- | [mailto:email@example.com]On Behalf Of | Adam_Driver@kaz.com.au | Sent: Wednesday, October 30, 2002 7:56 PM | I was wondering exactly what the role of a company president is | in relation | to Chairman and CEO? | _______________________________________________ This is the Non-Technical Discussion about the AS400 / iSeries (Midrange-NonTech) mailing list To post a message email: Midrange-NonTech@midrange.com To subscribe, unsubscribe, or change list options, visit: http://lists.midrange.com/cgi-bin/listinfo/midrange-nontech or email: Midrange-NonTechfirstname.lastname@example.org Before posting, please take a moment to review the archives at http://archive.midrange.com/midrange-nontech.
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