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- เผยแพร่เมื่อ 23 ก.ย. 2024
- 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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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.
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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.
So, the chairman has the unamous vote of who the ceo is who runs the company at the top?
But then who is the president?
Thanks for this summary. The video is not doing a good job explaining this.
@@deanbrimstone7740It depends on the particular company’s governance practices. And it can vary from company to company.
@@FrenchCanadianGuySometimes the President is equivalent to the CEO and is the head of the company’s management. Other times the President is the second in command, after the CEO. This also can vary from company to company.
Lol, Netflix commercials in 2011. Great improvements have been made
I was just saying that lol. Look what improvement did
That Netflix ad is awesome. Oh how they have risen!
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.
On bigger conglomerates The Chairman usually has the majority stocks or shares and have more board seats.
They can fire and hire CEO's.
11 years ago. His video quality is up to today's standards.
Wow this was sponsored by Netflix 😂 that’s pretty cool knowing what they are up to now
thank you so much. you explained it simple and clear. no wonder why you fit both role as Chairman and CEO.
Is it generally good that the CEO is also the Chairman of the Board or the majority shareholder?
From a time when netflix needed ads XD
Can you still be fired from your company if you have more the 51% equity in the company ?
no you basically own the company
thanks man very very insightful and to the point answer. hats off to your effort
a netflix ad lol
how about privately owned companies
no such thing as share holders and
investors or even the board of directors
so no chairman in this case huh
This is where you are wrong. Every company has shareholders (owners) and any company, or business can easily gain investors, you don’t have to be public for that. Now if you’re a corporation, then it is a requirement to have a board of directors even if you’re a privately owned company.
@@MLGProTroller Thanks bro 🤠 You learn something new everyday 😎
Loved this ! Thank you!
The Netflix add really dated this video. Before the ad I thought it was fairly recent lol
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!
Dilution is a normal process that happens as a company gains in value, and chunks of the company are sold to private (like VCs) investors or public (like IPOs) shareholders. The capital from those raises go into building the business.
What is important to understand though is that 100% of a tiny value business is still worth nothing, yet 5% of the largest company in the world is worth billions.
There are companies that never dilute! They are able to grow organically without selling off chunks, and often makes their founder and employees nice and wealthy.
There are also cases where the founder of a giant company gets basically nothing when the company becomes enormous as well, due to all sorts of things that can happen along the way.
I hope that answers your questions!
Here in 2021 still learning
thanks for clearing that
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!
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
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.)
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?
Well... not exactly. The distinction is somewhat artificial in a small, new company. If the company has investors, and a full board, the chairman generally runs the board, which has certain powers to approve/disapprove stock grants, hire/fire CEOs, etc. I was often both, but sometimes I chose to be chairman and take a step back out of the day to day. Someone who is literally in the office day to day but isn't the CEO is not a chairman by distinction, but could be.
lol an ad for netflix
Get the lowdown on future developments in an exclusive interview with Binance's CEO
very good video
May God wonderfully bless you and your family
sounds good .. idea
Conclusion, run your company with vision as if you were running Netflix, and in 10 years you'll see Ads of your successful business playing on videos like these. 👌🏼
Correct. I met with Reed many years ago when he was just starting Netflix, and I'll tell. you with 100% certainty, that guy had crystal clear vision and stuck to his guns. Smart fella.
Netflix grow so fast
So the CEO is more important than the chairman. for the company.
How is that not a blatant conflict of interest in being both Chief Executive and Chairman of the Board?
Well, honestly, the Chairman is an honorary title mostly, and has no special powers. You generally include 1 or 2 "common stock" holders on the board, and one is always the CEO. Venture capitalists find it convenient to assign the Chairman role to the CEO at the beginning (someone has to be) and sometimes split it later if you have two common holders there, or if the CEO retires to just the board...etc. As Chairman and CEO, I still was fired from my own company once, so obviously it's not a conflict.
Couldn't have asked for a better response. Thanks so much, Jay!!
your email does not work!
Q: what if the company has no share holders?
Is the CEO the most responsible person in the company?
Christian M Hoffman Whoever is the owner is if he also happens to be the CEO than yes if not than no.
only if Owner-operated!!!???
Is it possible that the chairman of the board can be appointed as ceo?
This happens a lot. Sometimes the CEO has to leave for some reason, so the Chairman steps in. A company I was on the board of had that happen, and the Chairman stepped in until a replacement was found.
Never got into breaking bad Macon in middle dad ruined it for me. So fun watching type casted actor.
Jesus loves you and he wants you to accept him as your lord and saviour
Uhhh I’m confused because I am a superhero
Till me in hindi please
Could I protect my position of CEO by including a clause in the ByLaws allowing for veto power on all votes?
C.E.O commands more respect!!!
9 hundred not when the chairman and board of directors hire the CEO lol
Well I certainly did not command more respect from the shareholders when they didn't know who I was as chairman... but then again, if I fired a CEO, that might be a different story! Yikes.
@@askjayadelson I still think that the CEO should be respected in this position. The CEO should keep good command of the company by minimizing the opportunity for the board to challenge it. A good CEO should have strong leadership skills.
Is being fired from your company, as a CEO, Chairman or both, even that big a deal? As long as you remain a shareholder, the only thing they can do is grow the company into something you get profit from, and if you disagree with the vision, your name is no longer attached to the leadership anyways and a single headline can easily distance you from whatever decision happens. It's better to step down gracefully anyways for 2 reasons:
1) headlines celebrate your run rather than attach your name to a story of power struggle
2) VC community is small, and they don't invest in ideas; they invest in people. NEVER fight VCs, no one will ever want to do business with you again.
If you've got an entrepreneurial spirit, you should be overflowing with good ideas, or you can retire as a lucky son of a bitch who never should've been entrusted with money and power.
I agree with this mostly. However, let's cut through the real problem: If you remain a shareholder, it doesn't mean you control the outcome, or even if you continue to hold value. For example, one founder I know was fired from his own company, and then the new CEO recapitalized the stock in such a way to make the old founder's stock worthless, and the new CEO made millions.
This sort of happened to me, but not by intent. I founded a Fortune 500 company called Equinix. However, I left after a while on my own, and the company continued to grow, but I was no longer in control of things like stock options, etc. When not driving the car... the car sometimes goes places without you!
Plz stop that background music... I hate that music...
I can't listen what you say...
Me neither.
Congrats on your success...but this didn't clear the difference between the two roles at all....a lot of name dropping, I know that guy and a sponsor drop a 4:25
king of kings