Chief executive officer
The chief executive officer or just chief executive, is the most senior corporate, executive, or administrative officer in charge of managing an organization – an independent legal entity such as a company or nonprofit institution. CEOs lead a range of organizations, including public and private corporations, non-profit organizations and some government organizations; the CEO of a corporation or company reports to the board of directors and is charged with maximizing the value of the entity, which may include maximizing the share price, market share, revenues or another element. In the non-profit and government sector, CEOs aim at achieving outcomes related to the organization's mission, such as reducing poverty, increasing literacy, etc. In the early 21st century, top executives had technical degrees in science, engineering or law; the responsibility of an organization's CEO are set by the organization's board of directors or other authority, depending on the organization's legal structure.
They can be far-reaching or quite limited and are enshrined in a formal delegation of authority. Responsibilities include being a decision maker on strategy and other key policy issues, leader and executor; the communicator role can involve speaking to the press and the rest of the outside world, as well as to the organization's management and employees. As a leader of the company, the CEO or MD advises the board of directors, motivates employees, drives change within the organization; as a manager, the CEO/MD presides over the organization's day-to-day operations. The term refers to the person who makes all the key decisions regarding the company, which includes all sectors and fields of the business, including operations, business development, human resources, etc; the CEO of a company is not the owner of the company. In some countries, there is a dual board system with two separate boards, one executive board for the day-to-day business and one supervisory board for control purposes. In these countries, the CEO presides over the executive board and the chairman presides over the supervisory board, these two roles will always be held by different people.
This ensures a distinction between management by the executive board and governance by the supervisory board. This allows for clear lines of authority; the aim is to prevent a conflict of interest and too much power being concentrated in the hands of one person. In the United States, the board of directors is equivalent to the supervisory board, while the executive board may be known as the executive committee. In the United States, in business, the executive officers are the top officers of a corporation, the chief executive officer being the best-known type; the definition varies. In the case of a sole proprietorship, an executive officer is the sole proprietor. In the case of a partnership, an executive officer is a managing partner, senior partner, or administrative partner. In the case of a limited liability company, executive officer is any manager, or officer. A CEO has several subordinate executives, each of whom has specific functional responsibilities referred to as senior executives, executive officers or corporate officers.
Subordinate executives are given different titles in different organizations, but one common category of subordinate executive, if the CEO is the president, is the vice-president. An organization may have more than one vice-president, each tasked with a different area of responsibility; some organizations have subordinate executive officers who have the word chief in their job title, such as chief operating officer, chief financial officer and chief technology officer. The public relations-focused position of chief reputation officer is sometimes included as one such subordinate executive officer, but, as suggested by Anthony Johndrow, CEO of Reputation Economy Advisors, it can be seen as "simply another way to add emphasis to the role of a modern-day CEO – where they are both the external face of, the driving force behind, an organisation culture". In the US, the term chief executive officer is used in business, whereas the term executive director is used in the not-for-profit sector; these terms are mutually exclusive and refer to distinct legal duties and responsibilities.
Implicit in the use of these titles, is that the public not be misled and the general standard regarding their use be applied. In the UK, chief executive and chief executive officer are used in both business and the charitable sector; as of 2013, the use of the term director for senior charity staff is deprecated to avoid confusion with the legal duties and responsibilities associated with being a charity director or trustee, which are non-executive roles. In the United Kingdom, the term director is used instead of chief officer". Business publicists since the days of Edward Bernays and his client John D. Rockefeller and more the corporate publicists for Henry Ford, promoted the concept of the "celebrity CEO". Business journalists have adopted this approach, which assumes that the corporate achievements in the arena of manufacturing, wer
New York Stock Exchange
The New York Stock Exchange is an American stock exchange located at 11 Wall Street, Lower Manhattan, New York City, New York. It is by far the world's largest stock exchange by market capitalization of its listed companies at US$30.1 trillion as of February 2018. The average daily trading value was US$169 billion in 2013; the NYSE trading floor is located at 11 Wall Street and is composed of 21 rooms used for the facilitation of trading. A fifth trading room, located at 30 Broad Street, was closed in February 2007; the main building and the 11 Wall Street building were designated National Historic Landmarks in 1978. The NYSE is owned by Intercontinental Exchange, an American holding company that it lists, it was part of NYSE Euronext, formed by the NYSE's 2007 merger with Euronext. The NYSE has been the subject of several lawsuits regarding fraud or breach of duty and in 2004 was sued by its former CEO for breach of contract and defamation; the earliest recorded organization of securities trading in New York among brokers directly dealing with each other can be traced to the Buttonwood Agreement.
Securities exchange had been intermediated by the auctioneers who conducted more mundane auctions of commodities such as wheat and tobacco. On May 17, 1792 twenty four brokers signed the Buttonwood Agreement which set a floor commission rate charged to clients and bound the signers to give preference to the other signers in securities sales; the earliest securities traded were governmental securities such as War Bonds from the Revolutionary War and First Bank of the United States stock, although Bank of New York stock was a non-governmental security traded in the early days. The Bank of North America along with the First Bank of the United States and the Bank of New York were the first shares traded on the New York Stock Exchange. In 1817 the stockbrokers of New York operating under the Buttonwood Agreement instituted new reforms and reorganized. After sending a delegation to Philadelphia to observe the organization of their board of brokers, restrictions on manipulative trading were adopted as well as formal organs of governance.
After re-forming as the New York Stock and Exchange Board the broker organization began renting out space for securities trading, taking place at the Tontine Coffee House. Several locations were used between 1865, when the present location was adopted; the invention of the electrical telegraph consolidated markets, New York's market rose to dominance over Philadelphia after weathering some market panics better than other alternatives. The Open Board of Stock Brokers was established in 1864 as a competitor to the NYSE. With 354 members, the Open Board of Stock Brokers rivaled the NYSE in membership "because it used a more modern, continuous trading system superior to the NYSE’s twice-daily call sessions." The Open Board of Stock Brokers merged with the NYSE in 1869. Robert Wright of Bloomberg writes that the merger increased the NYSE's members as well as trading volume, as "several dozen regional exchanges were competing with the NYSE for customers. Buyers and dealers all wanted to complete transactions as and cheaply as technologically possible and that meant finding the markets with the most trading, or the greatest liquidity in today’s parlance.
Minimizing competition was essential to keep a large number of orders flowing, the merger helped the NYSE to maintain its reputation for providing superior liquidity." The Civil War stimulated speculative securities trading in New York. By 1869 membership had to be capped, has been sporadically increased since; the latter half of the nineteenth century saw rapid growth in securities trading. Securities trade in the latter nineteenth and early twentieth centuries was prone to panics and crashes. Government regulation of securities trading was seen as necessary, with arguably the most dramatic changes occurring in the 1930s after a major stock market crash precipitated the Great Depression; the Stock Exchange Luncheon Club was situated on the seventh floor from 1898 until its closure in 2006. The main building, located at 18 Broad Street, between the corners of Wall Street and Exchange Place, was designated a National Historic Landmark in 1978, as was the 11 Wall Street building; the NYSE announced its plans to merge with Archipelago on April 21, 2005, in a deal intended to reorganize the NYSE as a publicly traded company.
NYSE's governing board voted to merge with rival Archipelago on December 6, 2005, became a for-profit, public company. It began trading under the name NYSE Group on March 8, 2006. A little over one year on April 4, 2007, the NYSE Group completed its merger with Euronext, the European combined stock market, thus forming NYSE Euronext, the first transatlantic stock exchange. Wall Street is the leading US money center for international financial activities and the foremost US location for the conduct of wholesale financial services. "It comprises a matrix of wholesale financial sectors, financial markets, financial institutions, financial industry firms". The principal sectors are securities industry, commercial banking, asset management, insurance. Prior to the acquisition of NYSE Euronext by the ICE in 2013, Marsh Carter was the Chairman of the NYSE and the CEO was Duncan Niederauer. Presently, the chairman is Jeffrey Sprecher. In 2016, NYSE owner Intercontinental Exchange Inc. earned $419 million in listings-related revenues.
The exchange was closed shortly after the beginning of World War I, but it re-opened on November 28 of that year in order to help the war effort by trading bonds, reopened for stock tradin
West Yorkshire is a metropolitan county in England. It is an inland and in relative terms upland county having eastward-draining valleys while taking in moors of the Pennines and has a population of 2.2 million. West Yorkshire came into existence as a metropolitan county in 1974 after the passage of the Local Government Act 1972. West Yorkshire consists of five metropolitan boroughs and is bordered by the counties of Derbyshire to the south, Greater Manchester to the south-west, Lancashire to the north-west, North Yorkshire to the north and east, South Yorkshire to the south and south-east. Remnants of strong coal and iron ore industries remain in the county, having attracted people over the centuries, this can be seen in the buildings and architecture. Leeds may become a terminus for a north-east limb of High Speed 2. Major railways and two major motorways traverse the county, which contains Leeds Bradford International Airport. West Yorkshire County Council was abolished in 1986 so its five districts became unitary authorities.
However, the metropolitan county, which covers an area of 2,029 square kilometres, continues to exist in law, as a geographic frame of reference. Since 1 April 2014 West Yorkshire has been a combined authority area, with the local authorities pooling together some functions over transport and regeneration as the West Yorkshire Combined Authority. West Yorkshire includes the West Yorkshire Urban Area, the biggest and most built-up urban area within the historic county boundaries of Yorkshire. West Yorkshire was formed as a metropolitan county in 1974, by the Local Government Act 1972, corresponds to the core of the historic West Riding of Yorkshire and the county boroughs of Bradford, Halifax, Huddersfield and Wakefield. West Yorkshire Metropolitan County Council inherited the use of West Riding County Hall at Wakefield, opened in 1898, from the West Riding County Council in 1974. Since 1987 it has been the headquarters of Wakefield City Council; the county had a two-tier structure of local government with a strategic-level county council and five districts providing most services.
In 1986, throughout England the metropolitan county councils were abolished. The functions of the county council were devolved to the boroughs. Organisations such as the West Yorkshire Metro continue to operate on this basis. Although the county council was abolished, West Yorkshire continues to form a metropolitan and ceremonial county with a Lord Lieutenant of West Yorkshire and a High Sheriff. Wakefield's Parish Church was raised to cathedral status in 1888 and after the elevation of Wakefield to diocese, Wakefield Council sought city status and this was granted in July 1888; however the industrial revolution, which changed West and South Yorkshire led to the growth of Leeds and Bradford, which became the area's two largest cities. Leeds was granted city status in 1893 and Bradford in 1897; the name of Leeds Town Hall reflects the fact that at its opening in 1858 Leeds was not yet a city, while Bradford renamed its Town Hall as City Hall in 1965. The county borders, going anticlockwise from the west: Lancashire, Greater Manchester, South Yorkshire and North Yorkshire.
It lies entirely on rocks of carboniferous age which form the southern Pennine fringes in the west and the Yorkshire coalfield further eastwards. In the extreme east of the metropolitan county there are younger deposits of magnesian limestone; the Bradford and Calderdale areas are dominated by the scenery of the eastern slopes of the Pennines, dropping from upland in the west down to the east, dissected by many steep-sided valleys. Large-scale industry, housing and commercial buildings of differing heights, transport routes and open countryside conjoin; the dense network of roads and railways and urban development, confined by valleys creates dramatic interplay of views between settlements and the surrounding hillsides, as shaped the first urban-rural juxtapositions of David Hockney. Where most rural the land crops up in the such rhymes and folklore as On Ilkley Moor Bah'Tat, date unknown, the early 19th century novels and poems of the Brontë family in and around Haworth and long-running light comedy-drama Last of the Summer Wine in the 20th century.
The carboniferous rocks of the Yorkshire coalfield further east have produced a rolling landscape with hills and broad valleys. In this landscape there is widespread evidence of former industrial activity. There are numerous derelict or converted mine buildings and landscaped former spoil heaps; the scenery is a mixture of built up areas, industrial land with some dereliction, farmed open country. Ribbon developments along transport routes including canal and rail are prominent features of the area although some remnants of the pre industrial landscape and semi-natural vegetation still survive. However, many areas are affected by urban fringe pressures creating fragmented and downgraded landscapes and present are urban influences from major cities, smaller industrial towns and former mining villages. In the magnesian limestone belt to the east of the Leeds and Wakefield areas is an elevated ridge with smoothly rolling scenery, dissected by dry valleys. Here, there is a large number of country houses and estates with parkland, estate woodlands and game coverts.
The rivers Aire and Calder drain the area, flowing from west to east. The table below outlines many of the co
President (corporate title)
The President is a leader of an organization, community, trade union, university or other group. The relationship between the president and the Chief Executive Officer varies, depending on the structure of the specific organization. In a similar vein to the Chief Operating Officer, the title of corporate President as a separate position is loosely defined; the powers of the president vary across organizations and such powers come from specific authorization in the bylaws like Robert's Rules of Order. The term "president" was used to designate someone who presided over a meeting, was used in the same way that "foreman" or "overseer" is used now, it has now come to mean "chief officer" in terms of administrative or executive duties. In addition to the administrative or executive duties in organizations, the president has the duties of presiding over meetings; such duties at meetings include: calling the meeting to order determining if a quorum is present announcing the items on the order of business or agenda as they come up recognition of members to have the floor enforcing the rules of the group putting all questions to a vote adjourning the meetingWhile presiding, the president should remain impartial and not interrupt a speaker if the speaker has the floor and is following the rules of the group.
In committees or small boards, the president votes along with the other members. However, in assemblies or larger boards, the president should vote only when it can affect the result. At a meeting, the president only has one vote; the powers of the president vary across organizations. In some organizations the president has the authority to hire staff and make financial decisions, while in others the president only makes recommendations to a board of directors, still others the president has no executive powers and is a spokesman for the organization; the amount of power given to the president depends on the type of organization, its structure, the rules it has created for itself. If the president exceeds the given authority, engages in misconduct, or fails to perform the duties, the president may face disciplinary procedures; such procedures may include suspension, or removal from office. The rules of the particular organization would provide details on who can perform these disciplinary procedures and the extent that they can be done.
Whoever appointed or elected the president has the power to discipline this officer. Some organizations may have a position of President-Elect in addition to the position of President; the membership of the organization elects a President-Elect and when the term of the President-Elect is complete, that person automatically becomes President. Some organizations may have a position of Immediate Past President in addition to the position of President. In those organizations, when the term of the President is complete, that person automatically fills the position of Immediate Past President; the organization can have such a position. The duties of such a position would have to be provided in the bylaws. Bennett, Nathan. Riding Shotgun: The Role of the COO. Stanford, California: Stanford University Press. ISBN 0-8047-5166-8. National Association of Parliamentarians®, Education Committee. Spotlight on You the President. Independence, MO: National Association of Parliamentarians®. ISBN 1-884048-15-3
Americans are nationals and citizens of the United States of America. Although nationals and citizens make up the majority of Americans, some dual citizens and permanent residents may claim American nationality; the United States is home to people of many different ethnic origins. As a result, American culture and law does not equate nationality with race or ethnicity, but with citizenship and permanent allegiance. English-speakers, speakers of many other languages use the term "American" to mean people of the United States; the word "American" can refer to people from the Americas in general. The majority of Americans or their ancestors immigrated to America or are descended from people who were brought as slaves within the past five centuries, with the exception of the Native American population and people from Hawaii, Puerto Rico and the Philippine Islands, who became American through expansion of the country in the 19th century, additionally America expanded into American Samoa, the U. S. Virgin Islands and Northern Mariana Islands in the 20th century.
Despite its multi-ethnic composition, the culture of the United States held in common by most Americans can be referred to as mainstream American culture, a Western culture derived from the traditions of Northern and Western European colonists and immigrants. It includes influences of African-American culture. Westward expansion integrated the Creoles and Cajuns of Louisiana and the Hispanos of the Southwest and brought close contact with the culture of Mexico. Large-scale immigration in the late 19th and early 20th centuries from Southern and Eastern Europe introduced a variety of elements. Immigration from Asia and Latin America has had impact. A cultural melting pot, or pluralistic salad bowl, describes the way in which generations of Americans have celebrated and exchanged distinctive cultural characteristics. In addition to the United States and people of American descent can be found internationally; as many as seven million Americans are estimated to be living abroad, make up the American diaspora.
The United States of America is a diverse country and ethnically. Six races are recognized by the U. S. Census Bureau for statistical purposes: White, American Indian and Alaska Native, Black or African American, Native Hawaiian and Other Pacific Islander, people of two or more races. "Some other race" is an option in the census and other surveys. The United States Census Bureau classifies Americans as "Hispanic or Latino" and "Not Hispanic or Latino", which identifies Hispanic and Latino Americans as a racially diverse ethnicity that comprises the largest minority group in the nation. People of European descent, or White Americans, constitute the majority of the 308 million people living in the United States, with 72.4% of the population in the 2010 United States Census. They are considered people who trace their ancestry to the original peoples of Europe, the Middle East, North Africa. Of those reporting to be White American, 7,487,133 reported to be Multiracial. Additionally, there are Latinos.
Non-Hispanic Whites are the majority in 46 states. There are four minority-majority states: California, New Mexico, Hawaii. In addition, the District of Columbia has a non-white majority; the state with the highest percentage of non-Hispanic White Americans is Maine. The largest continental ancestral group of Americans are that of Europeans who have origins in any of the original peoples of Europe; this includes people via African, North American, Central American or South American and Oceanian nations that have a large European descended population. The Spanish were some of the first Europeans to establish a continuous presence in what is now the United States in 1565. Martín de Argüelles born 1566, San Agustín, La Florida a part of New Spain, was the first person of European descent born in what is now the United States. Twenty-one years Virginia Dare born 1587 Roanoke Island in present-day North Carolina, was the first child born in the original Thirteen Colonies to English parents. In the 2017 American Community Survey, German Americans, Irish Americans, English Americans and Italian Americans were the four largest self-reported European ancestry groups in the United States forming 35.1% of the total population.
However, the English Americans and British Americans demography is considered a serious under-count as they tend to self-report and identify as "Americans" due to the length of time they have inhabited America. This is over-represented in the Upland South, a region, settled by the British. Overall, as the largest group, European Americans have the lowest poverty rate and the second highest educational attainment levels, median household income, median personal income of any racial demographic in the nation. According to the American Jewish Archives and the Arab American National Museum, some of the first Middle Easterners and North Africans arrived in the Americas between the late 15th and mid-16th centuries. Many were fleeing ethnic or ethnoreligious persecution during the Spanish Inquisition, a few were taken to the Americas as slaves. In 2014, The United States Census Bureau began finalizing the ethnic classification of MENA populations. According to the Arab American Institute, Arab
U.S. Securities and Exchange Commission
The U. S. Securities and Exchange Commission is an independent agency of the United States federal government; the SEC holds primary responsibility for enforcing the federal securities laws, proposing securities rules, regulating the securities industry, the nation's stock and options exchanges, other activities and organizations, including the electronic securities markets in the United States. In addition to the Securities Exchange Act of 1934, which created it, the SEC enforces the Securities Act of 1933, the Trust Indenture Act of 1939, the Investment Company Act of 1940, the Investment Advisers Act of 1940, the Sarbanes–Oxley Act of 2002, other statutes; the SEC was created by Section 4 of the Securities Exchange Act of 1933. The SEC has a three-part mission: to protect investors. To achieve its mandate, the SEC enforces the statutory requirement that public companies and other regulated companies submit quarterly and annual reports, as well as other periodic reports. In addition to annual financial reports, company executives must provide a narrative account, called the "management discussion and analysis", that outlines the previous year of operations and explains how the company fared in that time period.
MD&A will also touch on the upcoming year, outlining future goals and approaches to new projects. In an attempt to level the playing field for all investors, the SEC maintains an online database called EDGAR online from which investors can access this and other information filed with the agency. Quarterly and semiannual reports from public companies are crucial for investors to make sound decisions when investing in the capital markets. Unlike banking, investment in the capital markets is not guaranteed by the federal government; the potential for big gains needs to be weighed against that of sizable losses. Mandatory disclosure of financial and other information about the issuer and the security itself gives private individuals as well as large institutions the same basic facts about the public companies they invest in, thereby increasing public scrutiny while reducing insider trading and fraud; the SEC makes reports available to the public through the EDGAR system. The SEC offers publications on investment-related topics for public education.
The same online system takes tips and complaints from investors to help the SEC track down violators of the securities laws. The SEC adheres to a strict policy of never commenting on the existence or status of an ongoing investigation. Prior to the enactment of the federal securities laws and the creation of the SEC, there existed so-called blue sky laws, they were enacted and enforced at the state level and regulated the offering and sale of securities to protect the public from fraud. Though the specific provisions of these laws varied among states, they all required the registration of all securities offerings and sales, as well as of every U. S. stockbroker and brokerage firm. However, these blue sky laws were found to be ineffective. For example, the Investment Bankers Association told its members as early as 1915 that they could "ignore" blue sky laws by making securities offerings across state lines through the mail. After holding hearings on abuses on interstate frauds, Congress passed the Securities Act of 1933, which regulates interstate sales of securities at the federal level.
The subsequent Securities Exchange Act of 1934 regulates sales of securities in the secondary market. Section 4 of the 1934 act created the U. S. Securities and Exchange Commission to enforce the federal securities laws; the Securities Act of 1933 is known as the "Truth in Securities Act" and the "Federal Securities Act", or just the "1933 Act". Its goal was to increase public trust in the capital markets by requiring uniform disclosure of information about public securities offerings; the primary drafters of 1933 Act were Huston Thompson, a former Federal Trade Commission chairman, Walter Miller and Ollie Butler, two attorneys in the Commerce Department's Foreign Service Division, with input from Supreme Court Justice Louis Brandeis. For the first year of the law's enactment, the enforcement of the statute rested with the Federal Trade Commission, but this power was transferred to the SEC following its creation in 1934. In 1934, Roosevelt named his friend Joseph P. Kennedy, a self-made multimillionaire financier and a leader among the Irish-American community, as the insider-as-chairman who knew Wall Street well enough to clean it up.
Two of the other five commissioners were Ferdinand Pecora. Kennedy added a number of intelligent young lawyers, including William O. Douglas and Abe Fortas, both of whom became Supreme Court justices. Kennedy's team defined the mission and operating mode for the SEC, making full use of its wide range of legal powers; the SEC had four missions. First and most important was to restore investor confidence in the securities market, which had collapsed because of doubts about its internal integrity, fears of the external threats posed by anti-business elements in the Roosevelt administration. Second, in terms of integrity, the SEC had to get rid of the penny-ante swindles based on fake i