&gt; <i>It&#x27;s interesting that they are talking about the Board directly and not Marissa Mayer</i><p>They&#x27;re talking about something the Board, and not Marissa Mayer, is doing. Marissa Mayer is not deciding these things. There&#x27;s no reason to bring her up.<p>&gt; <i>Is it common for the press to do so ?</i><p>It depends on the situation. If the Board is doing something, the media talks about the Board. If the CEO is doing something, the media talks about the CEO.<p>The first confusing exception is when the CEO owns most of the company, which makes the Board irrelevant. This is the case with Facebook: Mark Zuckerberg owns the majority of voting shares, so he has absolute control over Facebook. The Board has no power to overrule his decisions as CEO.<p>The second confusing exception is when the CEO and Chairman of the Board are the same person. This was much more common in the past.<p>&gt; <i>Isn&#x27;t the CEO like the spoke-person of the board of investors ?</i><p>No, unless the CEO is also the Chairman of the Board. The CEO can have very conflicting opinions and actions compared to the Board.