A chief executive officer ( CEO ), also known as 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 .
97-637: Wapping or Edge Hill Tunnel in Liverpool , England, is a tunnel route from the Edge Hill junction in the east of the city to the Liverpool south end docks formerly used by trains on the Liverpool-Manchester line railway. The tunnel alignment is roughly east to west. The tunnel was designed by George Stephenson with construction between 1826 and 1829 to enable goods services to operate between Liverpool docks and all locations up to Manchester , as part of
194-578: A "Wapping Tunnel Scheme" in Network Rail's CP7 period. Merseytravel hope to re-use the tunnel to create new underground connections into burrowing junctions south of Liverpool Central station on the Northern Line to allow trains to run between Central station and Edge Hill station and beyond. Merseytravel commissioned a feasibility study into the re-opening of the tunnel which was completed in May 2016. The study
291-671: A city which also suffered severe aerial bombing during the war. In the 1950s and 1960s, much of the immediate reconstruction that took place in the city centre proved to be deeply unpopular. The historic portions of the city that had survived German bombing suffered extensive destruction during urban renewal. It has been argued that the so-called "Shankland Plan" of the 1960s, named after the town planner Graeme Shankland , led to compromised town planning and vast road-building schemes that devastated and divided inner city neighbourhoods. Concrete brutalist architecture , compromised visions, botched projects and grand designs that were never realised became
388-485: 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
485-424: 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
582-402: 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
679-462: 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
776-544: A joint European Capital of Culture for 2008. The celebrations included the erection of La Princesse , a large mechanical spider 20 metres high and weighing 37 tonnes, which represented the "eight legs" of Liverpool: honour, history, music, the Mersey, the ports, governance, sunshine and culture. La Princesse roamed the streets of the city during the festivities, and concluded by entering the Queensway Tunnel . Spearheaded by
873-515: A pioneer of scientific toponymy in Wales, in "Place Names of North Wales", does not attempt to explain it beyond noting that " lleifiad " is used as a Welsh equivalent of "Liver". A derivative form of a learned borrowing into Welsh ( * llaf ) of Latin lāma (slough, bog, fen) to give " lleifiad " is possible, but unproven. In the Middle Ages , Liverpool existed firstly as farmland within
970-407: A regenerated Albert Dock which proved to be a catalyst for further regeneration. In the mid-1990s, the city enjoyed growth rates higher than the national average. At the end of the 20th century, Liverpool was concentrating on regeneration, a process that continues today. Ongoing regeneration combined with the hosting of internationally significant events has helped to re-purpose Liverpool as one of
1067-518: A short open ventilation cutting between Park Lane and Upper Frederick Street. The quoted length of 2,030 metres (6,660 feet) includes both the main tunnel and the short exit tunnel. The Edge Hill entrance is still open to the atmosphere, but is not accessible to the public. The portal is the central of three tunnels at the western end of the Cavendish cutting. The right hand tunnel is the original 1829 tunnel into Crown Street Station . The left hand tunnel
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#17328525798581164-596: 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
1261-499: 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 ,
1358-674: Is a cathedral city , port city , and metropolitan borough in Merseyside , England. It had a population of 496,770 in 2022. The city is located on the eastern side of the Mersey Estuary , adjacent to the Irish Sea , and is approximately 178 miles (286 km) northwest of London . Liverpool is the fifth largest city in the United Kingdom and the largest settlement in Merseyside. It is part of
1455-473: Is also home to the UK's oldest surviving classical orchestra ( Royal Liverpool Philharmonic Orchestra ) and repertory theatre ( Liverpool Playhouse ). In 1864, Peter Ellis built the world's first iron-framed, curtain-walled office building, Oriel Chambers , which was a prototype of the skyscraper. The UK's first purpose-built department store was Compton House , completed in 1867 for the retailer J.R. Jeffrey. It
1552-615: Is also the home of the earliest black community in the UK , the earliest Chinese community in Europe , and the first mosque in England. The name comes from the Old English lifer , meaning thick or muddy water, and pōl , meaning a pool or creek, and is first recorded around 1190 as Liuerpul . According to the Cambridge Dictionary of English Place-Names , "The original reference
1649-418: Is beyond dispute, claims are sometimes made that the name Liverpool is of Welsh origin, but these are without foundation. The Welsh name for Liverpool is Lerpwl , from a former English local form Leerpool. This is a reduction of the form "Leverpool" with the loss of the intervocalic [v] (seen in other English names and words e.g. Daventry (Northamptonshire) > Danetry, never-do-well > ne’er-do-well). In
1746-565: Is named after the city. As early as 1851, the city was described as "the New York of Europe". During the late 19th and early 20th century, Liverpool was attracting immigrants from across Europe. This resulted in the construction of a diverse array of religious buildings in the city for the new ethnic and religious groups, many of which are still in use today. The Deutsche Kirche Liverpool , Greek Orthodox Church of St Nicholas , Gustav Adolf Church and Princes Road Synagogue were all established in
1843-464: Is often used as a filming location due to its distinctive architecture , and was the fifth most visited UK city by foreign tourists in 2022. It is the only UNESCO City of Music in England and has produced countless musicians , most notably the Beatles , who are widely regarded as the most influential band of all time ; musicians from the city have released more UK No. 1 hit singles than anywhere else in
1940-402: 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
2037-410: Is said to have been designed by King John near the same time it was granted a royal charter , making it a borough. The original seven streets were laid out in the shape of a double cross: Bank Street (now Water Street ), Castle Street , Chapel Street , Dale Street , Juggler Street (now High Street ), Moor Street (now Tithebarn Street ) and Whiteacre Street (now Old Hall Street ). Liverpool Castle
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#17328525798582134-418: 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
2231-427: 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
2328-465: Is the later 1846 tunnel into the Crown Street goods yard. This tunnel currently has tracks, for use as a headshunt and locomotive run-round for goods trains. However, artwork from before the third tunnel was constructed shows that a portal was already present from the outset - this was purely for architectural symmetry and is, in fact, a store room. Other visible evidence of the tunnel still exists, in
2425-582: Is the world's oldest existing organisation devoted to the promotion of spaceflight . Its journal, the Journal of the British Interplanetary Society , is the longest-running astronautical publication in the world. Chief executive 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
2522-532: 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,
2619-554: The British Armed Forces , settled in Liverpool and other port cities. In June 1919, they were subject to attack by whites in racial riots; residents in the port included Swedish immigrants , and both groups had to compete with native people from Liverpool for jobs and housing. In this period, race riots also took place in other port cities. The Housing Act 1919 resulted in mass council housing being built across Liverpool during
2716-541: 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
2813-532: The English Civil War , including a brief siege in 1644. In 1699, the same year as its first recorded slave ship , Liverpool Merchant , set sail for Africa, Liverpool was made a parish by Act of Parliament . But arguably, the legislation of 1695 that reformed the Liverpool council was of more significance to its subsequent development. Since Roman times , the nearby city of Chester on the River Dee had been
2910-541: The Eurovision Song Contest 2023 . Liverpool has been a centre of invention and innovation. Railways, transatlantic steamships , municipal trams, and electric trains were all pioneered in Liverpool as modes of mass transit. In 1829 and 1836, the first railway tunnels in the world were constructed under Liverpool ( Wapping Tunnel ). From 1950 to 1951, the world's first scheduled passenger helicopter service ran between Liverpool and Cardiff . The first School for
3007-573: The Great War was marked by social unrest, as society grappled with the massive war losses of young men, as well as trying to re-integrate veterans into civilian life and the economy. Unemployment and poor living standards greeted many ex-servicemen. Union organising and strikes took place in numerous locations, including a police strike in Liverpool among the City Police . Numerous colonial soldiers and sailors from Africa and India, who had served with
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3104-593: The Liverpool City Region , a combined authority with a population of over 1.5 million. Established as a borough in Lancashire in 1207, Liverpool became a significant town in the late 17th century, when the port at nearby Chester began to silt up. The Port of Liverpool became heavily involved in the Atlantic slave trade , with the first slave ship departing from the town in 1699. The port also imported much of
3201-456: The Liverpool and Manchester Railway . It was the first transport tunnel in the world to be bored under a city. The tunnel is 2,030 metres (1.26 mi) long, running downhill from the western end of the 262 metres (860 ft) long Cavendish cutting at Edge Hill in the east of the city, to Park Lane Goods Station near Wapping Dock in the west. The Edge Hill portal is near the former Crown Street Station goods yard. The tunnel passes beneath
3298-636: The Macgregor Laird expedition to the Niger River, at that time in progress. This is to a painting by Samuel Austin , Liverpool, from the Mersey . Britain was a major market for cotton imported from the Deep South of the United States, which fed the textile industry in the country. Given the crucial place cotton held in the city's economy, during the American Civil War Liverpool was, in
3395-519: The Merseyrail Northern Line tunnel approximately a quarter of a mile south of Liverpool Central underground station . Liverpool is built on an escarpment running down to the River Mersey . The original proposal for the railway out of Liverpool was a route north along the docks and riverbank. This route proved problematic with local landowners. The new route entering the city centre from
3492-468: The Paradise Project , a £920 million development based on Paradise Street . This produced one of the most significant changes to Liverpool's city centre since the post-war reconstruction. Renamed as ' Liverpool One ,' the centre opened in May 2008. In 2007, events and celebrations took place in honour of the 800th anniversary of the founding of the borough of Liverpool. Liverpool was designated as
3589-554: The Queensway Tunnel linking Liverpool and Birkenhead . Described as "the eighth wonder of the world" at the time of its construction, it was the longest underwater tunnel in the world for 24 years. In 1897, the Lumière brothers filmed Liverpool, including what is believed to be the world's first tracking shot , taken from the Liverpool Overhead Railway , the world's first elevated electrified railway. The Overhead Railway
3686-561: The River Dee continued to silt up, Liverpool began to grow with increasing rapidity. The first commercial wet dock was built in Liverpool in 1715. Substantial profits from the slave trade and tobacco helped the town to prosper and rapidly grow, although several prominent local men, including William Rathbone , William Roscoe and Edward Rushton , were at the forefront of the local abolitionist movement . The 19th century saw Liverpool rise to global economic importance. Pioneering, world first , technology and civic facilities launched in
3783-469: The West Derby Hundred before growing in to a small town of farmers, fishermen and tradesmen and tactical army base for King John of England . The town was planned with its own castle , although due to outbreaks of disease and its subordinance to the nearby Roman port of Chester , the town's growth and prosperity stagnated until the late 17th and early 18th centuries. Substantial growth took place in
3880-482: The sea-holly was Liverpool's final choice. The initiative was designed to highlight growing threats to the UK's flower species and also ask the public about which flowers best represented their county. Capitalising on the popularity of 1960s rock groups, such as the Beatles , as well as the city's world-class art galleries, museums and landmarks, tourism and culture have become a significant factor in Liverpool's economy. In 2004, property developer Grosvenor started
3977-484: The " Merseybeat " sound, which became synonymous with the Beatles and fellow Liverpudlian rock bands. Influenced by American rhythm and blues and rock music, they also in turn strongly affected American music. The Beatles became internationally known in the early 1960s and performed around the world together ; they were, and continue to be, the most commercially successful and musically influential band in popular history. Their co-founder, singer, and composer John Lennon
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4074-533: The 1800s to serve Liverpool's growing German, Greek, Nordic and Jewish communities, respectively. One of Liverpool's oldest surviving churches, St. Peter's Roman Catholic Church , served the Polish community in its final years as a place of worship. The 20th century saw Liverpool's established rank as a global economic powerhouse challenged. Its strategic location as an international seaport made it particularly vulnerable in two World wars . Economic depressions (both in
4171-557: The 1840s when Irish migrants began arriving by the hundreds of thousands as a result of the Great Famine . While many Irish settled during this time in the city, a large percentage also emigrated to the United States or moved to the industrial centres of Lancashire , Yorkshire and the Midlands . In her poetical illustration "Liverpool" (1832), which celebrates the city's worldwide commerce, Letitia Elizabeth Landon refers specifically to
4268-472: The 1920s and 1930s. In the 1920s and 1930s, as much as 15% of the city's population (around 140,000 people) was relocated from the inner-city to new purpose built, lower density suburban housing estates, based on the belief that this would improve their standard of living, though the overall benefits have been contested. Numerous private homes were also built during this era. During the Great Depression of
4365-411: The 19th century, some Welsh publications used the name " Lle'r Pwll " ("(the) place (of) the pool"), a reinterpretation of Lerpwl , probably in the belief that " Lle'r Pwll " was the original form. Another name, which is widely known even today, is Llynlleifiad , again a 19th-century coining. " Llyn " is pool, but " lleifiad " has no obvious meaning. G. Melville Richards (1910–1973),
4462-814: The Blind , Mechanics' Institute , High School for Girls, council house, and Juvenile Court were all founded in Liverpool. Charities such as the RSPCA , NSPCC , Age Concern , Relate , and Citizen's Advice Bureau all evolved from work in the city. The first lifeboat station, public bath and wash-house, sanitary act, medical officer for health ( William Henry Duncan ), district nurse, slum clearance , purpose-built ambulance, X-ray medical diagnosis, school of tropical medicine ( Liverpool School of Tropical Medicine ), motorised municipal fire-engine, free school meal, cancer research centre, and zoonosis research centre all originated in Liverpool. The first British Nobel Prize
4559-535: 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
4656-519: The Mersey, and the CSS Shenandoah surrendered there (being the final surrender at the end of the war). The city was also the center of Confederate purchasing war materiel, including arms and ammunition, uniforms, and naval supplies to be smuggled by British blockade runners to the South . For periods during the 19th century, the wealth of Liverpool exceeded that of London, and Liverpool's Custom House
4753-718: The National Olympian Association in Liverpool, a forerunner of the British Olympic Association . Its articles of foundation provided the framework for the Olympic Charter . A concept devised by retail entrepreneur David Lewis , the first Christmas grotto opened in Lewis's department store in Liverpool in 1879. Sir Alfred Lewis Jones , a shipowner, introduced bananas to the UK via Liverpool's docks in 1884. The Mersey Railway , opened in 1886, incorporated
4850-514: The Park Lane goods station at the south end docks. The goods wagons were hitched to locomotives at the Edge Hill junction for the continuing journey to all locations from Liverpool to Manchester. The tunnel opened in 1830 and closed on 15 May 1972. The dockside portal to the tunnel is clearly visible on Kings Dock Street. This was the middle of three short exit tunnels at the western end, which met in
4947-587: The Queen recognised Liverpool as "one of the most distinctive and energetic parts of the United Kingdom", and paid tribute to the city's "major orchestras, world-class museums and galleries". She also acknowledged Liverpool's bid to become the European Capital of Culture . To celebrate the Golden Jubilee of Elizabeth II in 2002, the conservation charity Plantlife organised a competition to choose county flowers ;
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#17328525798585044-515: The UK's first Underwriters' Association and the first Institute of Accountants . The Western world's first financial derivatives (cotton futures) were traded on the Liverpool Cotton Exchange in the late 1700s. In the arts, Liverpool was home to the first lending library ( The Lyceum ), athenaeum society ( Liverpool Athenaeum ), arts centre ( Bluecoat Chambers ), and public art conservation centre ( National Conservation Centre ). It
5141-480: 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
5238-414: The United Kingdom and across the world), changing housing patterns and containerisation in the maritime industry contributed to a downtrend in the city's productivity and prosperity. Despite this, the city's influence on global popular culture excelled and by the end of the century, the continuing process of urban renewal paved the way for the redefined modern city of the 21st century. The period after
5335-571: The Wapping Tunnel or Waterloo Tunnel (Victoria Tunnel) to connect Liverpool Central underground station and Edge Hill junction. During the construction of the Merseyrail network in the 1970s a part of the new tunnel south out of Central Station passed over the Wapping Tunnel at right angles. The new tunnel dropped into the upper part of the Wapping tunnel reducing its height. This would require lowering
5432-411: The area. More immigrants arrived after World War II, mostly settling in older inner-city areas such as Toxteth , where housing was less expensive. The black population of Liverpool was recorded at 1.90% in 2011. In the 2021 Census , 5.2% described themselves as black African, Caribbean, mixed white and black African, mixed white and Caribbean or 'other black'. In the 1960s, Liverpool was the centre of
5529-422: 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
5626-617: 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
5723-511: The central government in London. Liverpool in the 1980s has been labelled as Britain's 'shock city'. Once the second city of the British Empire which rivalled the capital city in global significance, Liverpool had collapsed in to its 'nadir' at the depths of post-colonial , post-industrial Britain. In the late 20th century, Liverpool's economy began to recover. The late 1980s saw the opening of
5820-523: The city and form an important part of the economy. In June 2014, Prime Minister David Cameron launched the International Festival for Business in Liverpool, the world's largest business event in 2014, and the largest in the UK since the Festival of Britain in 1951. The Labour Party has chosen Liverpool numerous times since the mid 2010s for their annual Labour Party Conference . Liverpool hosted
5917-494: The city to serve the accelerating population which was fuelled by an influx of ethnic and religious communities from all around the world. By the start of the 19th century, a large volume of trade was passing through Liverpool, and the construction of major buildings reflected this wealth. In 1830, Liverpool and Manchester became the first cities to have an intercity rail link, through the Liverpool and Manchester Railway . The population continued to rise rapidly, especially during
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#17328525798586014-473: The city's docks became largely obsolete, and dock workers were made unemployed. By the early 1980s, unemployment rates in Liverpool were among the highest in the UK, standing at 17% by January 1982 although, this was about half the level of unemployment that had affected the city during the Great Depression some 50 years previously. During this period, Liverpool became a hub of fierce left-wing opposition to
6111-484: The city. By the 2020s, urban regeneration throughout the city continues. Liverpool Waters , a mixed-use development in the city's disused northern docklands, has been identified as one of the largest megaprojects in the UK's history. Everton's new stadium at Bramley-Moore Dock was regarded as the largest single-site private sector development in the United Kingdom at the time of construction. Major events, business and political conferences regularly take place in
6208-555: The cotton required by the neighbouring Lancashire textile mills , and became a major departure point for English and Irish emigrants to North America. Liverpool rose to global economic importance at the forefront of the Industrial Revolution in the 19th century and was home to the first intercity railway , the first non-combustible warehouse system (the Royal Albert Dock ), and a pioneering elevated electrical railway ; it
6305-450: 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
6402-562: The early 1930s, unemployment peaked at around 30% in the city. Liverpool was the site of Britain's first provincial airport , operating from 1930. During the Second World War , the critical strategic importance of Liverpool was recognised by both Hitler and Churchill . The city was heavily bombed by the Germans, suffering a blitz second only to London's. The pivotal Battle of the Atlantic
6499-431: The east required considerable engineering works in addition to the tunnel. The 1-in-48 gradient of the tunnel was much too steep for the power of the steam locomotives of the day. A large stationary steam engine was installed at the Cavendish cutting at Edge Hill in a short tunnel bored into the rock face on the side of the cutting, near a decorative Moorish Arch spanning the cutting. Goods wagons were hauled by rope up from
6596-492: 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
6693-562: 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
6790-481: The floor of the tunnel at this point to allow trains to pass. When the junction on the Northern Line tunnel south of Central station was built in the late 1970s, two header tunnels were constructed to cater for branching into the Wapping Tunnel. In May 2007 it was reported that chief executive of Merseytravel , Neil Scales, had prepared a report outlining the possibilities for reuse of the tunnel. The November 2016 refresh of Mersytravel's Long Term Strategy references
6887-521: The form of three imposing red-brick ventilation towers. One is on the landscaped park between Crown Street and Smithdown Lane, one on Blackburne Place ( illustration ), and one close to Grenville Street South. There were at least two others that were later demolished, one adjacent to Great George Street, and one by Myrtle Street. In the 1970s, during planning work for the Merseyrail underground in Liverpool city centre, there were two proposals to use parts of
6984-503: The formation of the Liverpool City Region Combined Authority in a form of devolution . With a devolved budget granted by central government , the authority now oversees and invests in foremost strategic affairs throughout the Liverpool City Region , including major regeneration projects. The authority, along with Liverpool City Council itself, has embarked on long-term plans to grow the population and economy of
7081-408: The local economy within a year. The economy of Liverpool is diversified and encompasses tourism, culture , maritime , hospitality , healthcare , life sciences , advanced manufacturing, creative , and digital sectors. The city is home to the UK's second highest number of art galleries , national museums , listed buildings , and parks and open spaces , with only London having more. It
7178-558: The mid-late 18th century when the town became the most heavily involved European port in the Atlantic slave trade . King John 's letters patent of 1207 announced the foundation of the borough of Liverpool (then spelt as Liuerpul ). There is no evidence that the place had previously been a centre of any trade. The creation of the borough was probably due to King John deciding it would be a convenient place to embark men and supplies for his Irish campaigns , in particular John's Irish campaign of 1209 . The original street plan of Liverpool
7275-421: The most visited, tourist orientated, cities in the United Kingdom. City leaders are focussing on long-term strategies to grow the city's population and economy, while national government explores the continuous potential for devolution in the city. In 2002, Queen Elizabeth II and Prince Philip, Duke of Edinburgh visited Liverpool to mark the Golden Jubilee . On speaking to an audience at Liverpool Town Hall ,
7372-606: The multi-billion- pound Liverpool ONE development, regeneration continued throughout the 2010s. Some of the most significant redevelopment projects included new buildings in the Commercial District , King's Dock , Mann Island , around Lime Street , the Baltic Triangle , RopeWalks , and Edge Lane . Changes to Liverpool's governance took place in 2014. The local authority of Liverpool City Council decided to pool its power and resources with surrounding boroughs through
7469-409: 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
7566-543: The region's principal port on the Irish Sea . However, as the Dee began to silt up , maritime trade from Chester became increasingly difficult and shifted towards Liverpool on the neighbouring River Mersey . The first of the Liverpool docks was constructed in 1715, and the system of docks gradually grew into a large interconnected system. As trade from the West Indies , including sugar, surpassed that of Ireland and Europe, and as
7663-793: 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,
7760-440: The subject of condemnation. Historian Raphael Samuel labelled Graeme Shankland "the butcher of Liverpool". A significant West Indian black community has existed in the city since the first two decades of the 20th century. Like most British cities and industrialised towns, Liverpool became home to a significant number of Commonwealth immigrants, beginning after World War I with colonial soldiers and sailors who had served in
7857-409: 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
7954-672: The words of historian Sven Beckert , "the most pro-Confederate place in the world outside the Confederacy itself." Liverpool merchants helped to bring out cotton from ports blockaded by the Union Navy , built ships of war for the Confederacy , and supplied the South with military equipment and credit. During the war, the Confederate Navy ship, the CSS Alabama , was built at Birkenhead on
8051-457: 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
8148-790: 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
8245-419: The world's first tunnel under a tidal estuary and the world's first deep-level underground stations ( Liverpool James Street railway station ). In 1889, borough engineer John Alexander Brodie invented the football goal net. He was also a pioneer in the use of pre-fabricated housing and oversaw the construction of the UK's first ring road ( A5058 ) and intercity highway ( East Lancashire Road ), as well as
8342-444: The world. It has also produced many academics , actors , artists , comedians , filmmakers , poets , scientists , sportspeople , and writers . In sports, it is known as the home of Premier League football teams Everton FC and Liverpool FC . The world's oldest still-operating mainline train station, Liverpool Lime Street , is in the city centre; transport is also served by the underground Merseyrail network. The city's port
8439-480: Was awarded in 1902 to Ronald Ross , professor at the School of Tropical Medicine, the first school of its kind in the world. Orthopaedic surgery was pioneered in Liverpool by Hugh Owen Thomas , and modern medical anaesthetics by Thomas Cecil Gray . The world's first integrated sewer system was constructed in Liverpool by James Newlands , appointed in 1847 as the UK's first borough engineer. Liverpool also founded
8536-404: Was built before 1235, it survived until it was demolished in the 1720s. By the middle of the 16th century, the population was still around 600, although this was likely to have fallen from an earlier peak of 1000 people due to slow trade and the effects of the plague . In the 17th century, there was slow progress in trade and population growth. Battles for control of the town were waged during
8633-580: Was focused on using the Wapping Tunnel to connect the Northern and City Lines together and the possible creation of a new station along the route to serve the city's Knowledge Quarter . The report found that the Wapping Tunnel was in good condition though suffered from flooding in places and would require some remedial work, however the concept of re-opening the tunnel was viable. 53°23′59″N 2°58′11″W / 53.39972°N 2.96972°W / 53.39972; -2.96972 Liverpool Liverpool
8730-468: Was granted city status in 1880 and was moved from Lancashire to the newly created county of Merseyside in 1974 . Like many other British cities, it entered a period of decline in the mid-20th century; however, it has experienced significant and ongoing regeneration since the European Union selected it as the European Capital of Culture in 2008, which was reported to have generated over £800 million for
8827-616: Was killed in New York City in 1980. Liverpool Airport was renamed after him in 2002, the first British airport to be named in honour of an individual. Previously part of Lancashire, and a county borough from 1889, Liverpool became a metropolitan borough within the newly created metropolitan county of Merseyside , in 1974. From the mid-1970s onwards, Liverpool's docks and traditional manufacturing industries declined due to restructuring of shipping and heavy industry, causing massive losses of jobs. The advent of containerisation meant that
8924-506: Was planned, fought and won from Liverpool. The Luftwaffe made 80 air raids on Merseyside , killing 2,500 people and causing damage to almost half the homes in the metropolitan area. Significant rebuilding followed the war, including massive housing estates and the Seaforth Dock , the largest dock project in Britain. Since 1952, Liverpool has been twinned with Cologne , Germany,
9021-454: Was the first railway in the world to use electric multiple units , employ automatic signalling, and install an escalator. Liverpool inventor Frank Hornby was a visionary in toy development and manufacture, producing three of the most popular lines of toys in the 20th century: Meccano , Hornby Model Railways (both in 1901), and Dinky Toys in 1934. The British Interplanetary Society , founded in Liverpool in 1933 by Phillip Ellaby Cleator,
9118-485: Was the fourth largest in the UK in 2023, with numerous shipping and freight lines having headquarters and offices there. Residents of Liverpool are often called "Scousers" in reference to scouse , a local stew made popular by sailors in the city, while "Scouse" is also the most common name given to the distinctive local accent . The city's cultural and ethnic diversity has resulted from its history of attracting immigrants, especially from Ireland, Scandinavia, and Wales; it
9215-523: Was the largest store in the world at the time. Between 1862 and 1867, Liverpool held an annual Grand Olympic Festival . Devised by John Hulley and Charles Pierre Melly , these games were the first to be wholly amateur in nature and international in outlook. The programme of the first modern Olympiad in Athens in 1896 was almost identical to that of the Liverpool Olympics. In 1865, Hulley co-founded
9312-575: Was the single largest contributor to the British Exchequer . Liverpool was the only British city ever to have its own Whitehall office. During this century, at least 40% of the world's entire trade passed through Liverpool. In the early 19th century, Liverpool played a major role in the Antarctic sealing industry, in recognition of which Liverpool Beach in the South Shetland Islands
9409-512: Was to a pool or tidal creek now filled up into which two streams drained". The place appearing as Leyrpole , in a legal record of 1418, may also refer to Liverpool. Other origins of the name have been suggested, including "elverpool", a reference to the large number of eels in the Mersey . The adjective "Liverpudlian" was first recorded in 1833. Although the Old English origin of the name Liverpool
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