Than the chief executive when it comes to the performance of the football team. One man manages the ‘company’, another manages the football team. Sometimes, the football team may not be doing as well as it could because of the exec (see Newcastle who had a talented manager in Benitez who was not supported by Mike Ashley and co, so could only do so much). Usually though, the football team is the responsibility of the football manager. Hence why execs are not sacked every few months like managers when form is poor.