In one of the better posts ever posted, it is revealed that the role of the CEO is as follows:
A CEO does only four things:
1. Sets the overall vision and strategy of the company and communicates it to all stakeholders.
2. Recruits, hires, and retains the very best talent for the company.
3. Makes sure there is always enough cash in the bank.
4. Delegates all other tasks to his or her team.
Here is the link to the full post: