CEO --> C.ash E.quals O.rgasm. The CEO of the corporation likes money. Likey likey money. Makey lotta money.

(1) Chief Executive Officer
(2) The Big Cheese
(3) The person in charge of a company who has no other qualifications but thinks he or she does.
(4) See also: asshole, idiot, pain in the ass, obstacle, bottleneck, waste, or worthless.

it basically means: chief executive officer, boss

Can't Eat Out.
Can't Even Operate.
Career Ending Opportunity.
Caribbean Elephants Organization.
Catch Every Obstacle.
Catholic Education Office.
Caustic Ego Online.
Central Economics Office.
Central Elite Operations.
Ceremonial Events Officer.
Certified Egoistic Organizer.
Championship Event Organizer.
Cheap Entertaining Opponent.
Cheese Eating Official.
Chief Eating Officer.
Chief Elf of Operations.
Chief Embezzling Offender.
Chief Emotional Officer.
Chief Ethics Officer.
Chief Evangelist Officer.
Chief Evangelistic Officer.
Chief Excessive Officer
Chief Execution Order.
Chief Executioner Omnipotent.
Chief Executive Officer.
Chiropractic Elite Organization.
Christmas and Easter Only.
Citrus Entity Overlord.
Clown Executive Officer.
Cock Eyed Optimist.
Collegiate Entrepreneurs' Organization.
Company Entertainer Octopus.
Competitive Edge Opportunities.
Comprehensive Electronic Office.
Computer Energy Organizer.
Conscientiously Energetic Overacting.
Constantly Evaluating Others.
Controlling Every Objective.
Cool English Only.
Corporate Europe Observatory.
Corrupt Executive Officer.
Costs Evened Out.
Covert Elite Operations.
Cranky Eccentric Oldster.
Cranky Evil Ogre.
Creating Excellent Organizations.
Creating Exceptional Opportunities.
Creating Extraordinary Outcomes.
Customer Employee Organization.
Cutting Everything Out.

A guy that earns an average 411 times more than his average blue-collar employee.

Admit it. We all feel a touch of awe when someone has it: the CEO title. The power, the salary, and the chance to Be The Boss. It’s worthy of awe!
Too bad so few CEOs are good at what they do. In fact, only 1 in 20 are in the top 5%1. Many don’t know what their job should be, and few of those can pull it off well. The job is simple—very simple. But it’s not easy at all. What is a CEO's job?
More than with any other job, the responsibilities of a CEO diverge from the duties and the measurement.
A CEO’s responsibilities: everything, especially in a startup. The CEO is responsible for the success or failure of the company. Operations, marketing, strategy, financing, creation of company culture, human resources, hiring, firing, compliance with safety regulations, sales, PR, etc.—it all falls on the CEO’s shoulders..
The CEO’s duties are what she actually does, the responsibilies she doesn’t delegate. Some things can’t be delegated. Creating culture, building the senior management team, financing road shows, and, indeed, the delegation itself can be done only by the CEO.
Many start-up CEOs think fund-raising is their most important duty. I disagree. Fund-raising is necessary, but the CEOs contribution is in building a superb business with the money raised.

Even better than boss. The boss...of the boss. Usually used by the few people who love to act like they're on crack, but will never touch the stuff.