Chairman of the board. When the board of directors of a railroad company or other company is
presided over by an officer designated as the chairman of the board instead of by the president of
the company the chairman of the board is the directing financial officer and is in fact the head of
the company. The president then occupies a subordinate position; he is the chief operating officer
or the chief managing officer.
presided over by an officer designated as the chairman of the board instead of by the president of
the company the chairman of the board is the directing financial officer and is in fact the head of
the company. The president then occupies a subordinate position; he is the chief operating officer
or the chief managing officer.
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