首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
考研
Ruth Simmons joined Goldman Sachs’s board as an outside director in January 2000; a year later she became president of Brown Uni
Ruth Simmons joined Goldman Sachs’s board as an outside director in January 2000; a year later she became president of Brown Uni
admin
2013-11-29
123
问题
Ruth Simmons joined Goldman Sachs’s board as an outside director in January 2000; a year later she became president of Brown University. For the rest of the decade she apparently managed both roles without attracting much criticism. But by the end of 2009 Ms. Simmons was under fire for having sat on Goldman’s compensation committee; how could she have let those enormous bonus payouts pass unremarked? By February the next year Ms. Simmons had left the board. The position was taking up too much time, she said.
Outside directors are supposed to serve as helpful, yet less biased, advisers on a firm’s board. Having made their wealth and their reputations elsewhere, they presumably have enough independence to disagree with the chief executive’s proposals. If the sky, and the share price, is falling, outside directors should be able to give advice based on having weathered their own crises.
The researchers from Ohio University used a database that covered more than 10,000 firms and more than 64,000 different directors between 1989 and 2004. Then they simply checked which directors stayed from one proxy statement to the next. The most likely reason for departing a board was age, so the researchers concentrated on those "surprise" departure, the probability that the company will subsequently have to restate earnings increases by nearly 20%. The likelihood of being named in a federal class-action lawsuit also increases, and the stock is likely to perform worse. The effect tended to be larger for larger firms. Although a correlation between them leaving and subsequent bad performance at the firm is suggestive, it does not mean that such directors are always jumping off a sinking ship. Often they "trade up," leaving riskier, smaller firms for larger and more stable firms.
But the researchers believe that outside directors have an easier time of avoiding a blow to their reputations if they leave a firm before bad news breaks, even if a review of history shows they were on the board at the time any wrongdoing occurred. Firms who want to keep their outside directors through tough time may have to create incentives. Otherwise outside directors will follow the example of Ms. Simmons, once again very popular on campus.
According to Paragraph 1, Ms. Simmons was criticized for______.
选项
A、gaining excessive profits
B、failing to fulfill her duty
C、refusing to make compromises
D、leaving the board in tough times
答案
B
解析
本题信息点是Ms.Simmons was criticized(Simmons受到批评),该信息出现在第一段第三句话…Simmons was under fire…中,其中under fire意为“受到攻击”,即“受到批评”之意。根据原因题的解题技巧,我们先看到本句中for having sat on Goldman’s compensation committee(在高盛薪酬委员会担任职务)是一个事实陈述;同时,分号“;”表明该句与下句为并列关系,从而我们知道下句how could she have let those enormous bonus payouts pass unremarked(她怎么能让那些巨额奖金支出得以通过而没有引起注意呢?)是她受到批评的原因。由此可见她作为薪酬委员会的成员未能阻止巨额奖金的发放,即:未能很好地履行其职责。所以选项B为本题答案。
转载请注明原文地址:https://kaotiyun.com/show/5Ae4777K
0
考研英语二
相关试题推荐
A.TheconsequenceoflosingbonesB.AbetterlabthanonearthC.TwodifferentcasesD.Multipleeffectsformwei
A.TheconsequenceoflosingbonesB.AbetterlabthanonearthC.TwodifferentcasesD.Multipleeffectsformwei
Conveniencefoodhelpscompaniesbycreatinggrowth;butwhatisitseffectonpeople?Forpeoplewhothinkcookingwasthefoun
OlympicGamesareheldeveryfouryearsatadifferentsite,inwhichathletes【1】differentnationscompeteagainsteachotherin
OlympicGamesareheldeveryfouryearsatadifferentsite,inwhichathletes【1】differentnationscompeteagainsteachotherin
In1999,thepriceofoilhoveredaround$16abarrel.By2008,ithad【1】the$100abarrelmark.Thereasonsforthesurge【2】fro
In1999,thepriceofoilhoveredaround$16abarrel.By2008,ithad【1】the$100abarrelmark.Thereasonsforthesurge【2】fro
In1999,thepriceofoilhoveredaround$16abarrel.By2008,ithad【1】the$100abarrelmark.Thereasonsforthesurge【2】fro
In1999,thepriceofoilhoveredaround$16abarrel.By2008,ithad【1】the$100abarrelmark.Thereasonsforthesurge【2】fro
随机试题
食管癌最常见的病理类型是
下列有关托收当事人之间的关系的表述正确的是哪些?()
甲股份有限责任公司(以下简称甲公司)2019年所有者权益变化情况如下:(1)2019年年初股本总额为1000万股,每股面值为1元;资本公积为2000万元;盈余公积为5000万元;未分配利润为600万元。甲公司占A公司有表决权股份的25
甲集团公司(以下简称甲公司)成立于1989年,现总部位于中国上海。20多年来,甲公司从单一的服装业务稳健发展成为集科技、时尚、金融服务、医药等产业于一体的多元化产业集群。该公司追求一种动态的环境,不断探索和发现新产品和市场机会。从单一的服装业务稳健发展成
吴某是南溪镇红星村村民,为了照顾岳父母,他在汤家汇镇东方红村已经连续居住两年多。下列关于村民委员会选举的说法,正确的是()。
下列关于财产清查的说法,正确的有()。
根据以下资料,回答116-120题2008年浙江省对美国的进出口总额为:
春风得意:闭月羞花
已满14周岁不满16周岁的人,犯下列(),应当负刑事责任。
HTTP协议是一种()协议。
最新回复
(
0
)