Bob Finocchio and Lon Allan, both board members of several companies, talk about the relationship between the CEO and the board. Finocchio emphasizes that the CEO works for the board, not the other way around. Although both are working for the same goal – maximizing shareholder returns – there is bound to be tension between them, and the board must be prepared to challenge the CEO, especially the /"rock star CEO/."

The CEO also has legitimate expectations of the managers: they should be prepared and available and have a certain passion for the company.

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