Management | A little description
Generally, the term applies to the bods who actually run a company, manage the employees and make earth-shattering decisions about where it is heading in terms of strategy and future direction. All directors are part of management, but not all of the management are directors. All sorts of fancy titles abound, such as chairperson and chief executive, managing director, executive director, director, etc. The proud bearer of a title is usually in charge of a specific area of the business. The exception is in the City, where directorships are doled out like candy to placate very successful salespeople who want to be in charge, but can’t be because someone else is. This has given City firms, stockbrokers and the like, the celebrated reputation of having more chiefs than Indians.