What do CEO CFO and CIO titles mean?
CEO, CFO and CIO are titles for top executives at a corporation. The exact job descriptions depend on the company, but essentially:
- The CEO is the Chief Executive Officer, the "big boss". However, in corporations they report to the board of directors who have ultimate control and responsibility, including hiring and firing the CEO.
- A CFO is Chief Financial Officer. They direct a company's financial goals, objectives, and budgets. They oversee the investment of funds and manage associated risks, supervise cash management activities, execute capital-raising strategies to support a firm's expansion, and deal with mergers and acquisitions.
- A CIO can be the Chief Information Officer, responsible for the overall technological direction of their company. They are increasingly involved in the strategic business plan of a firm as part of the executive team. These managers propose budgets for projects and programs, and make decisions on staff training and equipment purchases. They hire and assign computer specialists, information technology workers, and support personnel to carry out specific parts of the projects. They supervise the work of these employees, review their output, and establish administrative procedures and policies. Chief information officers also provide organizations with the vision to master information technology as a competitive tool.
- CIO can also stand for Chief Investment Officer. A chief investment officer is usually connected to asset managers and they make investment decisions on how to invest the assets of client portfolios.
The Chief Executive Officer, CEO is the highest ranking officer in a corporation. He is higher than the CFO (chief financial officer) and the COO (chief operations officer) and the CIO (chief information officer) and the CSO (chief security officer), who all report to him, and to the Board of Directors. The Board of Directors are not officers of the corporation, but they are the final decision makers for the business.
The order of hierarchy usually starts with the chairman at the highest level of the business. Then, the CEO, which is the Chief Executive Officer, the COO which is the Chief Operations Officer or some companies call the president. Next is the CFO, which is the Chief Financial Officer. Some companies simply refer to them as the treasurer. The Chief Administrative Officer or CAO administrative management of the company. The CIO or Chief Informational Officer…
According to the Corporate Watch page on the AFL CIO site which CEO's received the top 3 salaries in 2012?
Some CEOs of large companies who are members of the Church of Jesus Christ of Latter-day Saints (commonly called the "Mormon" church) include: Nolan Archibald, CEO of Black and Decker (home appliances) Jerry Atkin CEO of SkyWest (airline) Gary Baughman, former CEO of Fisher-Price (children's products) Kirk Benson, CEO of Headwaters (energy and fossil fuel technology) Evrett Benton, CEO of Five Star Quality Care (nursing homes) H. Raymond Bingham, CEO of Cadence Design (electronics design)…
Average CIO Salary It depends on industry, company size, experience, education, etc. Salary for a CIO can be as low as $100K, and basically goes up from there. Companys with lower budgets have lower-paid CIO's, companys with larger budgets have higher paid CIO's. Best Buy's CIO makes a few million, but Wachovia's made 600K. But, small buissness CIO's make about 100K-200K.
I heard that Vuelling outsourced all their maintenance to Iberia including the records management. This was not related to Ramco. Virgin America, again for the 4th or 5th time is doing a big turn over in management? I think they just turned over the VP of Ops, CIO and the CFO. The new guys wanted to bring in their buddies and the software they used in older operations.