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Definition: a Chief Executive Officer is the highest ranked manager of a corporation. He (or she) is primarily responsible to carry out the strategic plans and policies as established by the Board of Directors of which he is the chairman. He runs the corporation at the highest level.
A CEO job description typically involves overseeing highly related and complex activities and issues such as the corporate purpose, mission statement, strategic vision, corporate strategy, corporate reputation management, as well as investor relations and stakeholder management at the highest level.
Furthermore he is involved in hiring and firing the senior management team.