Fortiche Production SAS is a French animation studio headquartered in Paris . It is known for the hit television series Arcane .
33-470: Fortiche Production SAS was founded in 2009 and initially created commercials for Coca-Cola , Honda , Samsung , Panasonic and MTV . From the start, a combination of 2D and 3D animation has defined the studio's style, the "Touche Fortiche". They moved on to creating music videos for Freak Kitchen , Gorillaz and LIMOUSINE. These projects caught the attention of video game studios such as Ubisoft , Volition Studios, Carbine Studios and Riot Games . For
66-475: A directeur général ( managing director ), who has the same authority as the président with respect to third parties. The président can be either a physical person or a corporation, if there is only one shareholder. An SAS with only one shareholder is known as a société par actions simplifiée unipersonnelle ( SASU ). The société par actions simplifiée form of organization is useful for companies that are wholly owned subsidiaries of another company, often
99-498: A publicly traded corporation, since it does not need a complex capital equity structure. An example of this is European aerospace giant Airbus , which is an SAS wholly owned by a Dutch-based societas Europaea of the same name. It is also useful for companies held by families or small, close-knit groups of families. For example, the Louis Dreyfus Group , a trading conglomerate, is held in this manner by members of
132-488: 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 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
165-424: 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 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
198-402: 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
231-462: 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 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
264-944: A second season was commissioned from Fortiche. The second and final season premiered on November 9, 2024 and concluded on November 23. On March 14, 2022, Riot Games announced a new equity investment in Fortiche Production. Under the terms of the investment, Riot now holds a significant non-controlling stake in Fortiche. Brian Wright (Chief Content Officer at Riot) and Brendan Mulligan (Director of Corporate Development at Riot) have also joined Fortiche's board of directors. Soci%C3%A9t%C3%A9 par actions simplifi%C3%A9e Société par actions simplifiée ( SAS ; simplified joint-stock company in British English or simplified corporation in American English)
297-599: 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
330-504: 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 ,
363-594: Is a French type of business entity. It is the first hybrid entity enacted under French law and based on common law principles rather than civil . It is similar to a limited liability company under United States law , as the Delaware LLC was the model used by the French government. The SAS is also similar to the limited company in British law , and most other hybrids, though the hybrid in civil-law countries
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#1732790226606396-402: 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
429-427: Is quite different because there is also a hybrid of common law principles applied. A société par actions simplifiée has its annual statements audited by an independent body and published. The head of a société par actions simplifiée is its président . However, unlike the société anonyme , it does not have a board. The président is also responsible for the operation of the company. The company may also have
462-418: 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
495-427: 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 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
528-542: 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 the executive committee (the division/subsidiary heads and C-level officers that report directly to the CEO). In the United States, and in business,
561-552: The Dictionary says that the use of "CEO" as an acronym for a chief executive officer originated in Australia , with 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
594-660: The Gallic Wars animated by Fortiche. Motion Capture technology was used for this. At the 2017 industry fair Cartoon Movie in Bordeaux , the studio pitched the feature film project Miss Saturne with a pilot short film . In November 2021, Fortiche, in collaboration with Riot Games , released the series Arcane set in the League of Legends -universe on the streaming platforms Netflix and in China on Tencent Video . It
627-535: The CEO is also the president, is the vice president (VP). An organization may have more than one vice president, each tasked with 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
660-666: The Louis-Dreyfus family. This business-related article is a stub . You can help Misplaced Pages by expanding it . Managing director 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 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
693-528: 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
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#1732790226606726-422: 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
759-617: 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 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
792-450: 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 a distinction between management by the executive board and governance by the supervisory board. This allows for clear lines of authority. The aim
825-506: 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 the board of directors. In the case of a sole proprietorship , an executive officer is the sole proprietor. In
858-562: 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
891-424: The latter, Fortiche produced game trailers in the form of short films along with music videos, most notably Pop/Stars . They eventually moved on to the production of the series Rabbids Invasion , which it co-produced from 2013 to 2019 for Netflix and Nickelodeon in partnership with Ubisoft. In 2015, the French channel France 2 broadcast the 55-minute historical documentary film Le dernier Gaulois about
924-409: 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
957-836: The role of the main manager of the organization and the highest-ranking officer in the C-suite . The term "chief executive officer" 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,
990-409: 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
1023-457: 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
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1056-802: 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
1089-608: Was the world's most-watched series on Netflix for two weeks in November 2021 and was extremely well received by critics. During the six year creation of Arcane , staff numbers grew from around 15 to around 300. The studio expanded in 2020 with branches in Montpellier and Las Palmas . The studio's revenue rose to € 16.4 million for 2021. Le Figaro reported that the budget of Arcane was € 60–80 million. In November 2021 Riot-Games-CEO Nicolo Laurent announced via Twitter that
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