Ask Jay - Important Distinctions: Chairman vs CEO

In this episode, Jay discusses the differences between the roles, responsibilities, obligations, and powers of the chairman of the board and the CEO.

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ABOUT ASK JAY:
Entrepreneur, CEO, and business owner Jay Adelson (Equinix, Digg, Revision3, SimpleGeo) demystifies the start-up process by providing advice, tips, and answering questions. Submit questions to learn how to turn any business idea into reality and maybe even change the world.

[ferlinmarcini]

Conclusion: chairman leads the board of directors which represents the interest of the investors or shareholders. The board hires the CEO to run the company so it is at its best performance.

[rocky]

Lol, Netflix commercials in 2011. Great improvements have been made

[johnconcerto]

That Netflix ad is awesome. Oh how they have risen!

[kingmisogyny]

The chairman is basically the boss of the boards of directors who are elected by the shareholders to represents their interests ( owners) to hire and keep the ceo and others top managers in checks.

[jplipcortes]

On bigger conglomerates The Chairman usually has the majority stocks or shares and have more board seats.
They can fire and hire CEO's.

[anatutaka]

thank you so much. you explained it simple and clear. no wonder why you fit both role as Chairman and CEO.

[elmerii]

Is it generally good that the CEO is also the Chairman of the Board or the majority shareholder?

[mustgame]

11 years ago. His video quality is up to today's standards.

[AlexisDimes]

Wow this was sponsored by Netflix 😂 that’s pretty cool knowing what they are up to now

[FrenchCanadianGuy]

From a time when netflix needed ads XD

[coraldinfano]

Hi jay! I jst want to ask some question. Is president has same power w the chairman of the board??? Or who is more powerful, president or chairman of the board? Thank you!

[RozkminaRozwojowa]

Hi Jay. Thank You for this content. Fantastic, mind broadening. You've answered important things that was scratching back of my head for months, if not years. Thank You.

One of questions that is still wondering me is: How it ended up like this, that Jeff Bezos owns 11% of Amazon, Elon Musk 20% of Tesla, Tim Cook around 5% or less of Apple.
What is happening to company throughout its growth, that most of the company is being sold. ?

Does the owner or builder sell so easily hugh part of the company, or big financing is getting so obligatory at some point?

If I started some company that became successful I would like to keep the most part of it... not 5%, 11%, 20%....

Thank You for great content & big inspiration!

[harkimb]

So if two people start a company together, one of them runs the company on a day to day basis and the other oversees the progress on regular basis but not day to day, would this fit the distinction of CEO and chairman?

[AbsolutelyRufus-oh]

Can you still be fired from your company if you have more the 51% equity in the company ?

[gowiththeflow]

thanks man very very insightful and to the point answer. hats off to your effort

[AidanTheLoverBoyOhDwyer]

also can some one give short

explanations regarding the order of

hierarchy rank when it comes to

president and chief executive officer

and chairman and the general manager

and managing director

also their basic duties

[AboveTheHeavens]

The Netflix add really dated this video. Before the ad I thought it was fairly recent lol

[yu-wantang]

CEO or Chairman MBA of Penn State University

Who's the Chairman, who ruined The Pyramid Structure of Enterprise of Step Shoes of leatheroamnce.

Which CEO's Administrative epic center, inside smoking room, is luminous to control ordered
production lines?


by Professor Yu-wan, Tang
(Yale U.)

[Rochell-hm]

Get the lowdown on future developments in an exclusive interview with Binance's CEO

[mcx]

Q: what if the company has no share holders?
Is the CEO the most responsible person in the company?