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highest-ranking officer in a corporation after the chairman of the board , unless the title Chief Executive Officer (CEO) is used, in which case the president can outrank the chairman. The president is appointed by the board of directors and usually reports directly to the board. In smaller companies the president is usually the CEO, having authority over all other officers in matters of day-to-day management and policy decision-making. In large corporations the CEO title is frequently held by the chairman of the board, leaving the president as Chief Operating Officer , responsible for personnel and administration on a daily basis.
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