The document compares the characteristics of a peacetime CEO versus a wartime CEO. A peacetime CEO focuses on maintaining processes, empowering leaders, and recruiting at scale. They define culture, understand expectations, and operate in an expanding market. In contrast, a wartime CEO violates processes to win, micromanages details, can hire and fire rapidly, and defines culture through war. They are paranoid about expectations, focus on winning a shrinking market, have no tolerance for deviations from plans, and focus on winning battles rather than career development or rules.