> It's a big difference. A CEO answers to the board, and the board only. > > Sean Rad sounds something more like a President in this scenario.

Let's think this through. The board represents the owners of the company. A President is different from a CEO how? Because there are other employees of the company who can fire them? Okay, what employees of Tinder can fire Sean Rad? None. Who can fire him? Hatch Labs, because with 100% ownership they completely control the board of Tinder...

Which all goes to show that in many, many ways, a CEO who doesn't have an ownership stake in a company is very much an employee.

A better analogy would be the CEO working for a company in which a single shareholder had majority stock ownership.