[esarbe]

> 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.

[Sevastopol]

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.