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What does CEO stand for?

CEO stands for Capabilities the Other

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The Super Admin role allows a user to perform all possible capabilities. Each of the other roles has a decreasing number of allowed capabilities. For instance, the Subscriber role has just the "read" capability. One particular role should not be considered to be senior to another role. Rather, consider that roles define the user's responsibilities within the site.
A capability (known in some systems as a key) is a communicable, unforgeable token of authority. It refers to a value that references an object along with an associated set of access rights. A user program on a capability-based operating system must use a capability to access an object. Capability-based security refers to the principle of designing user programs such that they directly share capabilities with each other.