There is a reason why companies hire a CEO to make critical decisions. If you want something to get done, then there needs to be someone in charge with a single, unified vision. While the Board of Trustees generally retains the power to fire the CEO and may provide guidance for their direction, if they were to attempt to approve each and every one of the CEO's decisions, the company would quickly falter. It would be unable to keep pace with the market.
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Oil Spill Response: Why Companies Aren't Run…
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There is a reason why companies hire a CEO to make critical decisions. If you want something to get done, then there needs to be someone in charge with a single, unified vision. While the Board of Trustees generally retains the power to fire the CEO and may provide guidance for their direction, if they were to attempt to approve each and every one of the CEO's decisions, the company would quickly falter. It would be unable to keep pace with the market.