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35-536: An insurance salesman and auctioneer named Delmas Wood started the Sandy Spring Museum in 1981 because he thought Sandy Spring's history was gradually being lost as older residents died. Wood wanted a place to preserve antique furniture, farm equipment, photographs, paintings, and documents of the Sandy Spring area. Florence Virginia Barrett Lehman also helped found the museum. The museum was originally located in

70-403: 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

105-485: 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

140-424: 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

175-402: 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

210-462: 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

245-509: A replica of a 19th-century classroom, a replica of a blacksmith's shop, a replica of a general store, and a tractor made from a Model T Ford . The museum has archived more than 15,000 artifacts and photographs from the area around Sandy Spring. Some of its collection dates back to 1650. There are temporary exhibitions that rotate quarterly which often focus on art and history or art and current events. The artists featured are frequently but not exclusively local. A windowed gallery displays art by

280-596: 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

315-499: 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 ,

350-402: 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

385-418: 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

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420-427: 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

455-532: 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,

490-541: 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

525-451: The Washington metropolitan area . The company operates the following subsidiaries: In 1868, farmers who were Quakers founded Sandy Spring Bank to pool their savings to make home loans to their neighbors. In December 1993, the bank acquired First Montgomery Bank of MD for $ 1.9 million. In August 1996, the bank acquired Annapolis Bancshares of MD for $ 17 million. In December 2001,

560-535: 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

595-509: The Sandy Spring Museum Garden Club, a group of volunteers who tend to the museum's courtyard garden, in 1992. Helen Bentley, the widow of baseball star Jack Bentley , donated 7.5 acres (30,000 m) of land on Bentley Road in Sandy Spring to the museum in 1994. The Bentleys' ancestors had lived in Sandy Spring since the late 18th century. Almost the entire cost of the new location was contributed by local donors. The building

630-525: 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

665-422: 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

700-720: The bank opened its first branch in the District of Columbia . In August 2016, Sandy Spring Insurance acquired The Advantage Group. In January 2018, the bank acquired WashingtonFirst Bank of VA for $ 489 million, creating the largest community bank headquartered in the Washington metropolitan area . In April 2020, the bank acquired Revere Bank of Maryland for $ 293 million. Virginia-based Atlantic Union Bankshares agreed to buy Sandy Spring Bancorp for $ 1.6 billion in an all-stock transaction in October 2024. Chief executive officer A chief executive officer ( CEO ), also known as

735-513: The basement of a Sandy Spring National Bank branch in Olney . In October 1986, it moved to Tall Timbers, a brick four-story Colonial house that had been the home of Gladys Brooke Tumbleson, who had died earlier that year. Tumbleson descended from the Brooke family, for which nearby Brookeville was named. Tumbleson sold the building to the museum for less than market value. Mary Jane Forman Rice founded

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770-617: 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

805-507: The company acquired Chesapeake Insurance Group of Annapolis and renamed it Sandy Spring Insurance Corp. In February 2007, the bank acquired Potomac Bank of Virginia for $ 64.7 million. In June 2007, the bank acquired County National Bank of Glen Burnie for $ 44.1 million. During the financial crisis of 2007–2008 , the company received an investment of $ 82 million from the Troubled Asset Relief Program . The investment

840-450: 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

875-492: 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

910-562: 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

945-409: The faculty of Montgomery College . Two new exhibits were designed by locals in 2014. One of the exhibits is about veterans transitioning from life in a combat zone to life as a civilian. Another exhibit recreated an existing exhibit about community gathering spaces. Sandy Spring Bank Sandy Spring Bancorp, Inc. is a bank holding company headquartered in Olney, Maryland and operating in

980-516: The museum". The museum's new building on Bentley Road opened in 1997, providing more room for the museum's exhibits. Maryland Historical Trust awarded the Educational Excellence Award to Sandy Spring Museum for its interactive exhibit and web site in 2001. In 2007, a 3,500-square-foot (330 m) addition opened, providing a research library and a collections storage facility for the museum. Sandy Spring Museum's exhibits include

1015-409: 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

1050-793: 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,

1085-409: 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

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1120-457: 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

1155-790: 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

1190-410: Was designed by local architects Miche Booz and Thomas Bucci. They based the design local 18th century barns and houses in order to make sure it would blend in with the area. The arched walkway was originally planned from the road to the entrance, but it was shortened to save costs. The architects gave a distinctive feel to each room of the building, and Booz called the central courtyard the "best room in

1225-470: Was repaid in December 2010, making Sandy Spring one of the first community banks in the Washington metropolitan area to repay its TARP investment. In January 2009, Daniel J. Schrider was promoted to chief executive officer , succeeding Hunter R. Hollar. Schrider joined the company as a lender in 1989. In May 2012, the bank acquired CommerceFirst Bank of Annapolis for $ 25.4 million. In February 2016,

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