No there is not only one way
A blue-chip stock is the stock of a large, well-established and financially sound company that has operated for many years. A blue-chip stock typically has a market capitalization in the billions, is generally the market leader or among the top three companies in its sector, and is more often than not a household name.
in 63 of the nation's 99 legislative chambers, committee chairs are appointed by the president of the Senate or the speaker of the House. Sometimes, another legislative leader—such as the president pro tem, the speaker pro tem or the majority leader—selects the committee chairs.