Final answer:
The statement is False. The CEO does not have responsibility specifically for the bondholders.
Step-by-step explanation:
The statement, 'The CEO has responsibility to see that the board of directors make decisions that are in the best interest of the bondholders,' is False.
In theory, the board of directors is responsible for making decisions that are in the best interest of the shareholders, not specifically the bondholders. The CEO, on the other hand, is responsible for overseeing the day-to-day operations of the company and implementing the decisions made by the board.
While the CEO may have influence over the selection of board members, their primary responsibility is not to ensure decisions that benefit bondholders specifically, but rather to ensure the overall success and profitability of the company.