Pat Lee is the CEO of Widgets Inc. Widgets Inc. is a multi million dollar conglomerate that is a public company.
Pat Lee is the top of the food chain at Widgets- sort of…
Who does Pat Lee really work for? When Pat Lee does their job, who are they reporting to:
Board of Directors?
Shareholders?
Employees?
General Public?
Special Interest Groups?
When Pat Lee makes a decision who are they primarily thinking about?
Why?
How important is it if a company makes money? If a CEO doesn’t make money, is the Board correct in replacing them?
If you were CEO of a major corporation who would you report to?
Waking up on the Wrong Side of 50 
I would say Pat reports to the board and needs to make them happy. The board is responsible for keeping the investors happy. So Pat does, indirectly report to the investors.
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Very sound, logical thinking. I like it.
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Wow, this is so funny; this post showed up in my reader two days ago, and I was unable to comment. Hmmm. Wierd.
CEO’s should be thinking about their customers and staff first. This, of course, assumes that the CEO is in touch and knows themselves; awareness is key. If not, they will fail.
Important to make money if you are responsible to do so. There should be a clearly articulated vision, with goals that are well articulated, and achievable.
In my esitmation, CEO’s are responsible and accountable to a board, sure, yet more importantly they are accountable to their employees and their customers. That’s what I got…😉
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Can employees fire a ceo if he does a bad job?
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Typically not; however, if the CEO is ineffective, and employees and customers are displeased, and the company has any integrity whatsoever, they will be asked to leave.
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Ok..I’ll buy that…
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👍
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On a different note…I’ve been writing posts two days in advance just because of the way my mornings are working out and other writing. At least two if my posts published prematurely because there was some glitch where i didn’t get the schedule option. I found a work around for scheduling
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Ah, yes, that is true; I did see two of them the other day. Got it. 👍
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Ideally, all of those. I was in property management once and I had to answer to my employer, the HOA, the nightly and long-term guests, and individual property owners. As you might guess, there are conflicting interests in some of these groups. Which explains why I would never want a job like that again. But CEOs get paid big bucks to take that sort of heat and balance all the competing interests.
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But do we have the right to blame them if things don’t go the way we want?
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Well, now you’re asking a whole new question! It depends on who “we” are, doesn’t it? I suspect there’s a hierarchy to the reporting obligations.
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I was inspired to write this post based on a blog I wrote about whether insurance companies should cover COVID patients if the person didn’t get vaccinated but was eligible
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I expect they cover people who get severe flu or shingles, even though vaccines are available. It depends on what the insurance policy says, not opinions on people getting vaccinated or not.
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Time will tell
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I’d have to say customer, shareholders and employees. Although often the CEO doesn’t hit the mark on all three.
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That’s reasonable
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Most likely Mr.Lee reports to a quarterly report, which is why Pat and the rest of the Widgets crew, including stockholders, are so damn short sighting.
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Yeah…that’s a great point…I hadn’t thought of it that way but you’re right
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I’d customers because if there are no orders there isnt any need for shareholders or the ceo
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True!
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Is this for a book you are writing… I hear a revolt against a CEO coming up in Chapter 10. LOL
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Ha!!
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In my opinion, Pat reports to the Board, but he needs to keep his employees happy so that the company can prosper.
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That’s a very logical answer
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