The term "chief executive officer" has been around since about 1917, when the modern business management system was first established. 

A new article from PwC's strategy+business traces the evolution of the role over the past century–and looks ahead to 2040. To save you some time, we've distilled the insights of authors Ken Favaro, Per-Ola Karlsson and Gary L. Neilson into a few takeaways, but it's worth a full read. 

Let's start with the history of the role. Here's the breakdown of a typical CEO across three eras:

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