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57-486: Seattle Metropolitan Credit Union (DBA Seattle Credit Union) was founded by Seattle municipal employees in 1933 under the name City Credit Union, before taking its current name in 1997. In 2003 the credit union merged with the Teamsters' Credit Union, acquiring $ 11 million in assets, 3,100 new members, and a single branch location on Seattle's Denny Way. Another merger took place in 2007, with Credit Union Northwest. In 2015,

114-517: A Juntos Avanzamos institution. Seattle Credit Union's headquarters is located on 1st Avenue South in Seattle. In addition to its administrative headquarters, Seattle Credit Union operates eight branches in Beacon Hill , Burien , Downtown Seattle, Lynnwood , Northgate , Southcenter, and Tacoma. Seattle Credit Union is a lender for commercial, residential, and personal loans and mortgages, and

171-412: A command position. XOs in these positions typically assist a commander or deputy commander (or in the case of joint staffs or joint commands, a director) by managing day-to-day activities such as management of the senior officer's schedule, screening of documents or other products, and oversight of the senior officer's administrative support staff. Management of individual assets in the airline industry

228-488: 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

285-424: 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

342-402: 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

399-462: 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

456-410: A governance document. In the units of some military forces , the executive officer is the second-in-command , reporting to the commanding officer (CO). In most non-naval military services that are land-based (except the U.S. Army, where an executive officer is the second-in-command of certain units) or in joint military organizations, the executive officer is an administrative staff position versus

513-525: 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. Executive officer An executive officer is a person who is principally responsible for leading all or part of an organization , although

570-488: A senior enlisted member, executive chief petty officers or executive petty officers are usually assigned to serve as second-in-command. On U.S. aircraft carriers , per Title 10 United States Code , both the captain (i.e., the commanding officer or CO) and the XO assigned to the ship are naval aviators or naval flight officers . Although not specified by 10 U.S.C., large, air-capable amphibious assault ships will have one of

627-585: A senior field grade (FGO) supporting a general officer. The U.S. Air Force uses the term executive officer for officers assigned as personal staff officers to general officers. Their role is similar to aides-de-camp in the U.S. Army and Marine Corps, and flag aides and flag lieutenants in the U.S. Navy and Coast Guard. A unique application of the term is executive officer to the Supreme Allied Commander Europe (SACEUR), and commander, United States European Command . This position

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684-599: 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

741-504: 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 ,

798-405: A squadron level organization, the second-in-command is typically termed the "director of operations" or "operations officer" (DO). These latter terms were previously used for similar positions at the group and wing level until renamed as the "operations group commander (OG/CC). The rank of an executive officer in the U.S. Air Force can vary from a junior officer supporting a mid level commander up to

855-469: A staff administrative assistant to a senior officer, starting with a commander at the squadron level or above (e.g., squadron, group, wing, numbered air force, major command). In the other uniformed services, this position may be called an aide, an "executive assistant" or an adjutant . Like the Army, while experience gained as an XO is highly beneficial for an Air Force officer's professional development, it

912-560: Is a credit card provider, and issues checking and savings accounts. Chief executive officer 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

969-485: 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. In charities , voluntary sectors and Nonprofit organizations , the executive officers are those appointed to drive the day-to-day decisions of the organization. This is normally a formal appointment made by the executive board of trustees. Specific responsibilities and scope vary and are usually called out in

1026-462: Is becoming more common to hear the term XO. On larger ships of the Royal Navy, in which the XO holds the rank of commander , the XO is usually referred to simply as "the commander". The XO also heads the executive department. There are executive officer slots in each company , battalion , regiment , and brigade , though generally not at higher levels of command until the army level. The XO

1083-485: Is derived from the military terminology, where an executive officer or first officer , is the second in command of the aircraft. In a fixed wing aircraft, the first officer sits in the right-hand seat, but on a rotary wing aircraft, they sit on the left. Management of the airline as a whole is more in-line with the corporate example above. The term 'Executive officer' is used in the Indian Navy . Abbreviated as EXO ,

1140-427: Is not necessarily a prerequisite for a command position. However, it is often the norm that nearly all Air Force commanders will have been an XO at some point earlier in their careers. For officers holding second-in-command positions, the U.S. Air Force uses the titles of "vice commander" (CV), or "deputy commander" (CD) for an officer who serves as the second-in-command for an organization above squadron level. For

1197-402: 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

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1254-418: 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

1311-427: 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

1368-507: Is the billet of the officer who is second-in-command at the company/ battery , battalion / squadron , and Marine Expeditionary Unit (MEU)/ regiment /aviation group (i.e., Marine Aircraft Group, Marine Air Control Group, and Marine Wing Support Group) level. Per the Marine Corps Manual , paragraph 1007.5: "The executive officer shall be an officer of the organization who is eligible to succeed to command, and normally will be

1425-542: 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,

1482-452: Is typically the second-in-command, and serves as the day-to-day manager of the command staff. The XO is typically responsible for the management of day-to-day activities, such as administration, maintenance, and logistics, freeing a commander to concentrate on tactical/operational planning and execution and a general officer commander to concentrate on similar planning and execution at the operational-strategic level. The XO may take charge in

1539-490: Is whether restriction "impedes the president's ability to perform his constitutional duty" ( Morrison v. Olson , 487 U.S. 654 (1988)). In business , executive officers are usually the top staff members 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

1596-552: 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

1653-548: The Royal Air Force , the term XO is informally used between officers and airmen, referring to the officer who is second-in-command. It is, however, formally used in the Royal Navy . In smaller vessels, such as submarines and frigates , the executive officer also holds the position of first lieutenant . Originally, the second-in-command was usually referred to as the first lieutenant (or as "number one"), although it

1710-535: The executive branch of U.S. government such as department heads of independent agencies. In Humphrey's Executor v. United States , 295 U.S. 602 (1935), the Court distinguished between executive officers and quasi-legislative or quasi-judicial officers by stating that the former serve at the pleasure of the president and may be removed at their discretion. The latter are removed only with procedures consistent with statutory conditions enacted by Congress. The decision by

1767-535: 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

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1824-578: The Court was that the Federal Trade Commission was a quasi-legislative body because of other powers it had, and therefore, the president could not fire an FTC member for political reasons. Congress can't retain removal power over officials with executive function ( Bowsher v. Synar ). However, statutes can restrict removal if not purely executive ( Humphrey ' s executor), but can't restrict removal of purely executive officer ( Myers v. United States , 272 U.S. 52 (1926)). The standard

1881-495: The Navy and Coast Guard should not be confused with the term executive assistant ( EA ) in those services, the latter being an officer in the rank of captain (O-6) who serves either dual-hatted as, or in addition to, the chief of staff to a flag officer . In the U.S. Air Force, XO is not a command or second-in-command position. Instead, it is used to designate a company grade officer or junior field grade officer who serves as

1938-528: 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

1995-497: The absence of the commander, the exception being commands with a deputy commander, although recent army command reductions have either merged the two, or eliminated the deputy. A few organizations within the army maintain authorizations for a chief warrant officer to serve as an XO/2IC. One example of this is the Modular Ammunition Platoon , where the ammunition technician acts as the second-in-command during

2052-512: The absence of the platoon leader. While the experience gained as an XO is highly beneficial for an army officer's professional development, it is not necessarily a prerequisite for a command position. At the army level of command, a commanding general will have a deputy commanding general as second in command and an "executive officer" on their personal staff who works as their liaison to the general staff and an aide-de-camp who takes care of their calendar and personal needs. The executive officer

2109-422: 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

2166-617: 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

2223-476: The credit union merged with Northwest Baptist Federal Credit Union. As of 2015, the chief executive officer of Seattle Credit Union is Richard Romero. In 2016 the company began offering loans for people to submit and maintain their citizenship applications. In 2017 the company dropped the “Metropolitan” from its official name, becoming Seattle Credit Union. At the same time, the company changed its logo and renovated some branches. That year they were also designated

2280-450: 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

2337-511: The exact nature of the role varies depending on the organization. In many militaries and police forces, an executive officer, or " XO ", is the second-in-command, reporting to the commanding officer . The XO is typically responsible for the management of day-to-day activities, freeing the commander to concentrate on strategy and planning the unit's next move. While there is no clear line between principal executive officers and inferior executive officers, principal officers are high-level officials in

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2394-412: The executive officer may also be responsible for the duties of those officers. Carrier air wings in the U.S. Navy do not have an XO, but have a deputy commander (DCAG) instead; for shore-based or functional naval air wings headed by a commodore, the equivalent position is the deputy commodore. In the U.S. Coast Guard, on board small cutters and patrol boats that are commanded by either a junior officer or

2451-415: 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

2508-562: 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

2565-428: The five most highly compensated officers not also sitting on the board of directors . In many insurance policies, executive officer means, in the case of a corporation, any chairman, chief executive officer, chief financial officer, chief operating officer, president, or general counsel. In the case of a sole proprietorship , an executive officer is the sole proprietor. In the case of a partnership , an executive officer

2622-541: The officer is the second-in-command of a ship or shore establishment. In the Indian Army , second-in-command (2IC) is the designation used. The term XO is not used in most British Army or Royal Marines units, where the designation second-in-command (2i/c) is used as a formal appointment. However, the position does exist in some specialist regiments within the Royal Artillery where the exact duties vary. In

2679-404: The officer next in rank to the commander. As the direct representative of the commander, all orders issued by the executive officer shall have the same force and effect as though issued by the commander. The executive officer shall conform to and effectuate the policies and orders of the commander and shall be prepared to assume command at any time the need should arise." At higher levels of command,

2736-409: 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

2793-403: The policing and inspection of the ship. When the ship goes to action stations, the XO confirms that the ship actually is ready for combat and reports this to the captain. The XO's own action station is in a separate part of the ship from that of the captain, so that a single hit will not likely incapacitate both officers. On small ships with no first lieutenant , gunnery officer , or navigator ,

2850-836: 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,

2907-400: The second-in-command is the assistant division/wing commander or, in the case of a Marine Expeditionary Force (MEF), deputy commander. For those commands having a general officer (usually a brigadier general) in command without a designated assistant commander or deputy commander, such as a Marine Expeditionary Brigade (MEB) or Marine Logistics Group (MLG), the chief of staff (a colonel) is

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2964-419: The second-in-command. Unlike their U.S. Navy counterparts, XOs of U.S. Marine Corps squadrons in U.S. Naval Aviation do not "fleet up" to become CO. The executive officer is the billet of the officer who is second-in-command. An XO is assigned to all ships, aviation squadrons, and shore units and installations, and is responsible to the captain for all ship's work, drills, exercises, personnel organization, and

3021-409: 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

3078-680: The two senior positions (CO or XO) occupied by a surface warfare officer and the other by a naval aviator or naval flight officer, alternating at each change of command. In naval aviation , in U.S. Navy squadrons (other than the Fleet Replacement Squadrons (FRS) and the Navy Flight Demonstration Squadron {viz., Blue Angels}), the XO will eventually "fleet up" to become the CO of that squadron after twelve to fifteen months as XO. This fleet up model

3135-457: 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

3192-802: 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

3249-423: Was also adopted in the late 2000s for XO and CO positions of both large amphibious assault ships (but not aircraft carriers) and Arleigh Burke -class guided missile destroyers. In addition to operational and tactical responsibilities, XOs also shoulder most of the CO's administrative burden, to include oversight of the command's administrative officer (if assigned) and administrative department. The term of XO in

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