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38-890: Wooga was founded in January 2009 by Jens Begemann ( CEO ), Patrick Paulisch, and Philipp Moeser ( CTO ). Paulisch has since left Wooga. The first games released were only available on social networks, first and foremost on Facebook. The first game developed by Wooga was Brain Buddies , a quiz game released in July 2009. Wooga received €5 million in a round of funding led by Balderton Capital in November 2009. Holtzbrinck Ventures, which had provided funding earlier that year, also participated in this round. In April 2010, Wooga released its second game, Monster World . That same year, Holtzbrinck Ventures and Balderton Investment stepped in, helping to fund

76-419: A company or a nonprofit organization . CEOs find roles in various organizations, including public and private corporations , nonprofit organizations , and even some government organizations (notably state-owned enterprises ). The governor and CEO of a corporation or company typically reports to the board of directors and is charged with maximizing the value of the business, which may include maximizing

114-451: A different area of responsibility (e.g., VP of finance, VP of human resources). Examples of subordinate executive officers who typically report to the CEO include the chief operating officer (COO), chief financial officer (CFO), chief strategy officer (CSO), chief marketing officer (CMO) and chief business officer (CBO). The public relations -focused position of chief reputation officer

152-489: A distinction between management by the executive board and governance by the supervisory board. This allows for clear lines of authority. The aim is to prevent a conflict of interest and too much power being concentrated in the hands of one person. In the United States, the board of directors (elected by the shareholders ) is often equivalent to the supervisory board, while the executive board may often be known as

190-402: A facade of charm and eloquence. Traits such as courage and risk-taking, generally considered desirable, are often found alongside these psychopathic tendencies. Tara Swart, a neuroscientist at MIT Sloan School of Management , has suggested that individuals with psychopathic traits thrive in chaotic environments and are aware that others do not. As a result, they may intentionally create chaos in

228-571: A game via Facebook. In a collaboration with the search engine Ecosia , Wooga took part in the Green Game Jam, an initiative sponsored by the United Nations Environment Programme (UNEP), with its game June's Journey in 2021 and 2022. In the game, Wooga players were able to reforest a forest in their game world and plant trees virtually, which enabled Ecosia to subsequently coordinate tree plantings around

266-493: A political party is often entrusted with fundraising, particularly for election campaigns. In some countries, there is a dual board system with two separate boards, one executive board for the day-to-day business and one supervisory board for control purposes (selected by the shareholders). In these countries, the CEO presides over the executive board and the chairperson presides over the supervisory board, and these two roles will always be held by different people. This ensures

304-668: A related development, British politician Andy McDonald received praise for educating a CEO on the role of trade unions. This occurred as the restaurant chain McDonald's faced scrutiny in the UK Parliament over allegations of a toxic workplace culture. Bundesanzeiger The Bundesanzeiger is an official publication of the Federal Republic of Germany published by the German Ministry of Justice with

342-679: A scope similar to that of the Federal Register in the United States. It is used for announcing laws, mandatory legal and judicial announcements, announcing changes in the Handelsregister and for legally mandated announcements by the private sector. It is being superseded by the elektronischer Bundesanzeiger (eBAnz) (electronic Bundesanzeiger) in recent years. Bundesanzeiger is published by Cologne-based M. DuMont Schauberg . This article about government in Germany

380-599: A source of criticism following a dramatic rise in pay relative to the average worker's wage . For example, the relative pay was 20-to-1 in 1965 in the US, but had risen to 376-to-1 by 2000. The relative pay differs around the world, and, in some smaller countries, is still around 20-to-1. Observers differ as to whether the rise is due to competition for talent or due to lack of control by compensation committees. In recent years, investors have demanded more say over executive pay. Lack of diversity amongst chief executives has also been

418-504: A source of criticism. In 2018, 5% of Fortune 500 CEOs were women. In 2023 the number rose to 10.4% of for Women CEO's of Fortune 500 companies . The reasons for this are explained or justified in various ways, and may include biological sex differences, male and female differences in Big Five personality traits and temperament, sex differences in psychology and interests, maternity and career breaks, hypergamy , phallogocentrism ,

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456-484: A stretch. Since focusing on story-driven casual games, the Berlin-based developer studio has been producing plot-driven games aimed primarily at female casual gamers. The games developed for Facebook are social games. Here users exchange ideas, share their success or help each other in the respective game worlds. These types of games generate reach by using viral marketing, whereby players can invite their friends to

494-681: A third game. In October 2010, the company employed 50 people; in 2011, that number increased to 150. In November 2010, Wooga launched Happy Hospital . In March 2011, Wooga launched Diamond Dash . The company raised a Series B Round of $ 24 million funding in May 2011. Magic Land Island was launched during the GDC Europe in August 2011 in Cologne . In June 2012, the HTML5 game was open sourced under

532-879: Is attested as early as 1782, when an ordinance of the Congress of the Confederation of the United States of America used the term to refer to governors and other leaders of the executive branches of each of the Thirteen Colonies . In draft additions to the Oxford English Dictionary published online in 2011, the Dictionary says that the use of "CEO" as an acronym for a chief executive officer originated in Australia , with

570-402: Is often used in lieu of chief executive officer. Business publicists since the days of Edward Bernays (1891–1995) and his client John D. Rockefeller (1839–1937) and even more successfully the corporate publicists for Henry Ford , promoted the concept of the " celebrity CEO". Business journalists have often adopted this approach, which assumes that the corporate achievements, especially in

608-418: Is sometimes included as one such subordinate executive officer, but, as suggested by Anthony Johndrow, CEO of Reputation Economy Advisors, it can also be seen as "simply another way to add emphasis to the role of a modern-day CEO – where they are both the external face of, and the driving force behind, an organization culture". In the US, the term "chief executive officer" is used primarily in business, whereas

646-598: The executive committee (the division/subsidiary heads and C-level officers that report directly to the CEO). In the United States, and in business, the executive officers are usually the top officers of a corporation, the chief executive officer (CEO) being the best-known type. The definition varies; for instance, the California Corporate Disclosure Act defines "executive officers" as the five most highly compensated officers not also sitting on

684-456: The profitability , market share , revenue , or another financial metric. In the nonprofit and government sector, CEOs typically aim at achieving outcomes related to the organization's mission, usually provided by legislation . CEOs are also frequently assigned the role of the main manager of the organization and the highest-ranking officer in the C-suite . The term "chief executive officer"

722-528: The UK, chief executive and chief executive officer are used in local government , where their position in law is described as the "head of paid service", and in business and in the charitable sector . As of 2013 , the use of the term director for senior charity staff is deprecated to avoid confusion with the legal duties and responsibilities associated with being a charity director or trustee, which are normally non-executive (unpaid) roles. The term managing director

760-731: The US investor Highland Capital Partners and the German publishing group Georg von Holtzbrinck . Holtzbrinck and Balderton Capital had already invested €4.4 million in venture capital in November 2009. Although all of Wooga's games are free-to-play games, whose basic game content can be used free of charge, Wooga generates revenue via paid elements and in-app purchases. In total, six games contributed to revenue in 2020 and total revenue increased by 56 percent to €128.18 million compared to 2019. Sources: Bundesanzeiger Wooga GmbH develops casual games . These are games for mobile devices such as smartphones and tablets that players do not play for long at

798-422: The arena of manufacturing, are produced by uniquely talented individuals, especially the "heroic CEO". In effect, journalists celebrate a CEO who takes distinctive strategic actions. The model is the celebrity in entertainment, sports, and politics – compare the " great man theory ". Guthey et al. argues that "...these individuals are not self-made, but rather are created by a process of widespread media exposure to

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836-421: The board of directors. In the case of a sole proprietorship , an executive officer is the sole proprietor. In the case of a partnership , an executive officer is a managing partner, senior partner, or administrative partner. In the case of a limited liability company , an executive officer is any member, manager, or officer. Depending on the organization, a CEO may have several subordinate executives to help run

874-411: The company’s fastest selling game. On 10 April 2013, Wooga launched Pocket Village . In May, they launched Fantastic Forest and Kingsbridge on 21 and 28 March, respectively. In December 2013, Jelly Splash reported monthly active users of 8.2 million. In February 2014, Fantastic Forest was relaunched as Farm Tales . Investments in smartwatch games in 2015 did not pay off and sales plummeted for

912-440: The day-to-day administration of the company, each of whom has specific functional responsibilities referred to as senior executives, executive officers or corporate officers. Subordinate executives are given different titles in different organizations, but one common category of subordinate executive, if the CEO is also the president, is the vice president (VP). An organization may have more than one vice president, each tasked with

950-426: The end of 2017. Wooga decided to exclusively focus on the casual games segment and on story-driven casual games. On 20 May 2015, Wooga launched Crazy Kings (developed by TicBits ). On 6 October 2016, Wooga launched Bubble Island 2 . As of July 2018, the company employs 200 people. In December 2018, Wooga was acquired for more than $ 200 million by Israeli gaming company Playtika . In March 2020, Nai Chang replaced

988-562: The existence of old boy networks , tradition, and the lack of female role models in that regard. Some countries have passed laws mandating boardroom gender quotas. In 2023 Rockefeller Foundation awarded a grant to Korn Ferry to research strategies and then action a plan to help more women to become CEO's. There are contentious claims that a significant number of CEO's have psychopathic tendencies, often characterized by power-seeking behavior and dominance. These individuals can often conceal their ruthlessness and antisocial behavior behind

1026-743: The first Wooga game for Android smartphones and tablets. On 22 August 2013, Jelly Splash was the first game to be released for mobile devices first. The game was subsequently released on Facebook in September 2013 and on Android in October 2013. For Jelly Splash , Wooga entered into a cooperation with the South Korean internet service provider Kakao , and the game was launched as a test title for their KakaoTalk platform on 9 November 2013. In March 2013, Wooga launched both Monster World mobile for iOS and Pearl's Peril . Pearl's Peril became

1064-603: The first attestation being in 1914. The first American usage cited is from 1972. The responsibilities of an organization's CEO are set by the organization's board of directors or other authority, depending on the organization's structure. They can be far-reaching or quite limited, and are typically enshrined in a formal delegation of authority regarding business administration . Typically, responsibilities include being an active decision-maker on business strategy and other key policy issues, as well as leader , manager, and executor roles. The communicator role can involve speaking to

1102-421: The first time. The trend continued in 2016, when newly developed games, such as Agent Alice , no longer brought in the same success figures. That year, the company laid off 40 employees and terminated projects from the previous year. After that, Wooga continued to develop its casual gaming strategy. This direction was implemented in particular with the launch of the most successful game to date, June's Journey , at

1140-425: The name Pocket Island on GitHub under MIT license and with the assets under Creative Commons license CC BY-NC-SA . With the progressive development of mobile technology and the global spread of mobile devices, Wooga's focus shifted in 2012 to games for the mobile sector. Diamond Dash was first game they released for iPhone and iPad on the iOS App Store (December 2011). In December 2012, Diamond Dash became

1178-400: The organization. As a manager, the CEO presides over the organization's day-to-day operations. The CEO is the person who is ultimately accountable for a company's business decisions, including those in operations, marketing, business development , finance, human resources , etc. The use of the CEO title is not necessarily limited to describing the head of a company. For example, the CEO of

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1216-409: The point that their actions, personalities, and even private lives function symbolically to represent significant dynamics and tensions prevalent in the contemporary business atmosphere". Journalism thereby exaggerates the importance of the CEO and tends to neglect harder-to-describe broader corporate factors. There is little attention to the intricately organized technical bureaucracy that actually does

1254-450: The press and to the public, as well as to the organization's management and employees; the decision-making role involves high-level decisions about policy and strategy. The CEO is tasked with implementing the goals, targets and strategic objectives as determined by the board of directors. As an executive officer of the company, the CEO reports the status of the business to the board of directors, motivates employees, and drives change within

1292-496: The previous CEO Jens Begemann. In the same year, Wooga employed 250 people. Since Playtika Holding Corporation's IPO on the US stock exchange Nasdaq in January 2021, Wooga GmbH has been part of a listed company. The COVID-19 pandemic , which boosted the entire industry, also boosted business at Wooga. The mystery hidden object game June's Journey turned over $ 500 million by mid-2022 since its launch. In May 2011, Wooga raised $ 24 million in venture capital. The largest backers were

1330-409: The term "executive director" is used primarily in the not-for-profit sector. These terms are generally mutually exclusive and refer to distinct legal duties and responsibilities. The CEO is the highest-ranking executive in a company, making corporate decisions, managing operations, allocating resources, and serving as the main point of communication between the board of directors and the company. In

1368-457: The work. Hubris sets in when the CEO internalizes the celebrity and becomes excessively self-confident in making complex decisions. There may be an emphasis on the sort of decisions that attract the celebrity journalists . Research published in 2009 by Ulrike Malmendier and Geoffrey Tate indicates that "firms with award-winning CEOs subsequently underperform, in terms both of stock and of operating performance". Executive compensation has been

1406-802: The workplace. This perspective is explored in the book Snakes in Suits , co-authored by Robert D. Hare . However, Scott Lilienfeld has argued that the attention given to psychopathy in the workplace by both the media and scholars has far exceeded the available scientific evidence. Emilia Bunea, writing in Psychology Today , has linked psychopathic traits in managers to workplace bullying , employee dissatisfaction, and turnover intentions. Despite this, Bunea cautions that excessive worry about supposed psychopathic managers could discourage individuals from pursuing careers in corporations and deter employees from addressing issues with difficult bosses. In

1444-432: The world in reality. Over 60 tree planting projects in more than 30 countries have been supported in this way. In 2021, June's Journey planted 25,000 trees, for which Wooga won the audience award at the Green Game Jam. CEO A chief executive officer ( CEO ), also known as a chief executive or managing director , is the top-ranking corporate executive charged with the management of an organization , usually

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