Having a chain of command doesn't negate ultimate authority. Everyone below the level of President is under the authority of the President.
It's no different from any company. The owner of the company may delegate to individuals to oversee the different divisions of the company, but the owner still has authority over every employee there.
It's no different from any company. The owner of the company may delegate to individuals to oversee the different divisions of the company, but the owner still has authority over every employee there.