Answer: The CEO is the Chief Executive Officer and oversees all aspects of the of the corporation. A good CEO not only help direct the company, but also create a system where the company can thrive internally as well.
As far as eligibility and qualifications goes, it depends on the corporation that hires them. In general, vast experience, networking, and great leadership abilities are a given must aside from the obvious things like skills and talents.
To be a CEO of a large company, you need to understand law, finance, accounting, human resources management, etc. Even though you'll have experts working for you.
While some people can rise based on smarts (rather than education), most will have an MBA, other advanced business degree, or an advanced degree in the field (e.g., if it's an engineering company, the CEO might be someone with a PhD in engineering).
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