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The CEO and the boardLesson 1 of 3

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13 min

What a CEO actually decides

The chief executive is the person in charge of the whole company. That doesn't mean deciding everything. Here's what a CEO actually spends the week on, and which calls are theirs.

Ticket 01 · The guess

What does the typical CEO earn?

The US Bureau of Labor Statistics (BLS) counts the chief executives of every kind of organization: small firms, towns, nonprofits and giant companies. Line them all up by pay. What did the one in the middle (the median) earn in a year, in May 2025?

$700,000/year
$0/year$1M/year
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Sources and every number (1)

Sources

  • Occupational Outlook Handbook: Top Executives (chief executives' median pay, May 2025, and jobs, 2025) · U.S. Bureau of Labor Statistics, 2025

Every number

  • $213,990/yearbls.gov ·2025 · Median yearly wage of chief executives in the US, May 2025: half earned more, half less. Counts chief executives of organizations of every kind and size.
  • 291,600 jobsbls.gov ·2025 · Chief executive jobs in the US, 2025.
  • 4,000 workersexample (example number: Our example: a regional grocery chain's workers.) · Our example: a regional grocery chain's workers.
  • 60 storesexample (example number: Our example: the grocery chain's stores.) · Our example: the grocery chain's stores.
  • 14 hoursexample (example number: Our example CEO's week, not an average: time with people outside and at the top: customers, investors, the top team.) · Our example CEO's week, not an average: time with people outside and at the top: customers, investors, the top team.
  • 13 hoursexample (example number: Our example CEO's week, not an average: reviewing departments and stores: results meetings with each leader.) · Our example CEO's week, not an average: reviewing departments and stores: results meetings with each leader.
  • 9 hoursexample (example number: Our example CEO's week, not an average: strategy: where the company goes next.) · Our example CEO's week, not an average: strategy: where the company goes next.
  • 8 hoursexample (example number: Our example CEO's week, not an average: how people work together: culture, and hiring leaders.) · Our example CEO's week, not an average: how people work together: culture, and hiring leaders.
  • 3 hoursexample (example number: Our example CEO's week, not an average: the board: a meeting and getting ready for it.) · Our example CEO's week, not an average: the board: a meeting and getting ready for it.
  • 3 hoursexample (example number: Our example CEO's week, not an average: a crisis: a supplier's food recall.) · Our example CEO's week, not an average: a crisis: a supplier's food recall.
  • 50 hoursexample (example number: Our example CEO's week, not an average: the whole week, worked out: the six rows added up.) · Our example CEO's week, not an average: the whole week, worked out: the six rows added up.
  • 18%example (example number: Our example, worked out: 9 hours of strategy ÷ 50 hours in the week.) · Our example, worked out: 9 hours of strategy ÷ 50 hours in the week.
  • $5Mexample (example number: Our example: the grocery chain's written limit: above this, a decision goes to the board.) · Our example: the grocery chain's written limit: above this, a decision goes to the board.
  • $20Mexample (example number: Our example: a new warehouse.) · Our example: a new warehouse.
  • $3Mexample (example number: Our example: the first store in a new state, not in any department's budget.) · Our example: the first store in a new state, not in any department's budget.
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