> No. CEOs are responsible for strategy, policy, and organisation.
I doubt that. In larger companies - the ones that actually have a CEO and not just a very hard working company owner - CEOs are usually pretty much isolated from any strategy, policy or organisation. For that they have upper management.
> One CEO
alone can do shit. A successful company needs competent workers, the right ideas from engineers and artists, diligent bureaucrats and most of all; a hell a lot of luck.
Given all that, even a company with a mediocre CEO can be vastly successful.
CEOs are mostly there for the handshakes and because they know people that know people. That's about it.
CEOs are very involved in strategy, especially when a company is going through a transition. A CEO that can properly navigate the business world through 'handshakes' is important too. Boards pay them lots for a reason. A good CEO is much harder to replace than a few engineers.