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He wasn't fired, his role is just changing

• deleted 16y ago
  [deleted]
  • nostrademons 16y ago
    Edit: parent post suggested that Eric had been demoted. Executive Chairman is technically higher than the CEO: http://en.wikipedia.org/wiki/Chairman http://en.wikipedia.org/wiki/Chairman The Board of Directors is the CEO's boss, the Chairman is the leader of the Board of Directors.
    • ghshephard 16y ago
      The executive chairman is not part of the corporate leadership. In the United States, the CEO is the singular head of the corporate, accountable to only the majority vote of the board. The Executive Chairman position is quite often, a polite way of keeping someone associated with a company (and all the travel, influence perks) without putting them in the management chain. Quite often seen during (friendly) mergers and takeovers. Nobody is confused as to what the responsibilities, and authority Larry and Eric will have after April 4th.
      • nostrademons 16y ago
        Hence the "technically".