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This question is about what a chief executive officer does and chief executive officer.
Yes, a CEO is an employee. While they may not directly answer a manager in the traditional sense, they are a part of the executive branch that responds to a board of directors or stakeholders. CEOs may get the same benefits as employees in a different employment bracket, but they are still subject to employee protocols and procedures.
Executive branch employees, like CEOs, may have other responsibilities and requirements that don't fall on average operational employees. Essential supervision with an employee that may have performance issues may require action plans or work corrections.
That plan includes revenue streams, harsher restrictions and requirements, and general company health for a CEO with performance problems. If they fail to correct the mistake, they may jeopardize the company's bottom line, resulting in the company taking irreparable damages, resulting in a motion for dismissal by the board.

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