What does a CEO actually do?

From Freakonomics, part 1 of 6 :

“They’re paid a fortune – but for what, exactly? What makes a good CEO – and how can you even tell? Is “leadership science” a real thing – or just airport-bookstore mumbo jumbo? We put these questions to Mark Zuckerberg, Richard Branson, Indra Nooyi, Satya Nadella, Jack Welch, Ray Dalio, Carol Bartz, David Rubenstein, and Ellen Pao. (Part 1 of a special series.)”

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