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
外语
Over the past decade, American companies have tried hard to find ways to discourage senior managers from feathering their own ne
Over the past decade, American companies have tried hard to find ways to discourage senior managers from feathering their own ne
admin
2021-12-15
49
问题
Over the past decade, American companies have tried hard to find ways to discourage senior managers from feathering their own nests at the expense of their shareholders. The three most popular reforms have been recruiting more outside directors in order to make boards more independent, linking bosses’ pay to various performance measure, and giving bosses share options so that they have the same long-term interests as their shareholders.
These reforms have been widely adopted by America’s larger companies, and surveys suggest that many more companies are thinking of following their lead. But have they done any good? Three papers presented at the annual meeting of the Academy of Management in Boston this week suggest not. As is usually the case with boardroom tinkering, the consequences have differed from those intended.
Start with those independent boards. On the face of it, dismissing the boss’s friends from the board and replacing them with outsiders looks a perfect way to make senior managers more accountable. But that is not the conclusion of a study by Professor James Westphal. Instead, he found that bosses with a boardroom full of outsiders spend much of their time building alliances, doing personal favors and generally pleasing the outsiders.
All too often, these seductions succeed. Mr. Westphal found that, to a remarkable degree, "independent" boards pursue strategies that are likely to favor senior managers rather than shareholders. Such companies diversify their business, increase the pay of executives and weaken the link between pay and performance.
To assess the impact of performance related pay, Mr. Westphal asked the bosses of 103 companies with sales of over $ 1 billion what measurements were used to determine their pay. The measurements varied widely, ranging from sales to earnings per share. But the researcher’s big discovery was that bosses attend to measures that affect their own incomes and ignore or play down other factors that affect a company’s overall success.
In short, bosses are quick to turn every imaginable system of corporate government to their advantage which is probably why they are the people who are put in charge of things. Here is a paradox for the management theorists: any boss who cannot beat a system designed to keep him under control is probably not worth having.
The word "seductions" (Line 1, Para.4) probably means
选项
A、efforts to conquer
B、attempts to win over
C、endeavors to increase profits
D、exertions to understand
答案
B
解析
由题干关键词“seductions”(Line 1,Para.4)定位至第四段首句。语义理解题。从上下文可以看出,第四段首句中的these seductions就是指上一段中所说的经理们花时间与董事会中的外聘董事拉关系、施恩惠以及讨好这些外聘董事。故B)“企图收买人心”正确。
转载请注明原文地址:https://kaotiyun.com/show/1Jx7777K
0
大学英语六级
相关试题推荐
Inafewdecades,artificialintelligence(AI)willsurpassmanyoftheabilitiesthatwebelievemakeusspecial.Thisisagra
A、Oldpeoplewouldbetakencareofsolelybyunfeelingrobots.B、Humanswouldbetiredofcommunicatingwithoneanother.C、Dig
TheChallengesforArtificialIntelligenceinAgricultureA)Agroupofcornfarmersstandshuddledaroundanagronomist(农学家
Backin1964,inhisbookGamesPeoplePlay,psychiatristEricBernedescribedapatternofconversationhecalled"WhyDon’tYo
Backin1964,inhisbookGamesPeoplePlay,psychiatristEricBernedescribedapatternofconversationhecalled"WhyDon’tYo
Backin1964,inhisbookGamesPeoplePlay,psychiatristEricBernedescribedapatternofconversationhecalled"WhyDon’tYo
A、Stretchesoffarmland.B、TypicalEgyptiananimalfarms.C、Tombsofancientrulers.D、Ruinsleftbydevastatingfloods.C浏览四个选项
Thenumberofdevicesyoucantalktoismultiplying—firstitwasyourphone,thenyourcar,andnowyoucantellyourkitchena
PresidentObamahasbeentakingsomeheatintechnologycirclesovercommentshemadeatacommencementaddressovertheweekend
A、Globalizationwilleliminatemanyjobs.B、Reflectivethinkingisbecomingcritical.C、Thelabormarketisgettingglobalized.
随机试题
26岁初产妇,妊娠40周,来院时规律宫缩22小时,已破膜。检查:宫底剑突下3指,胎心在脐下左下方140次/分。肛查宫口开全,胎头S+4。本例正确处理应是
女性,28岁,脐周隐痛伴腹泻一周,大便呈糊状,无黏液脓血,近半个月发热盗汗,钡剂灌肠示回盲部激惹征,为确诊应首先选哪项检查
关于溃疡性结肠炎的治疗下列哪项不正确
冠心病病人突感心悸、胸闷,血压为12/8kPa(90/60mmHg),心尖部第一心音强弱不等;心电图示心房率慢于心室率,二者无固定关系,QRS波增宽为0.12秒,可见心室夺获和室性融合波。诊断为
关于法官的违纪违法职业责任,下列说法中正确的是哪些选项?()
道路改扩建项目。拟对某一现有省道进行改扩建,其中拓宽路段长16km,新建路段长8km,新建、改建中型桥梁各1座,改造后全线为二级干线公路,设计车速80km/h,路基宽24m,采用沥青路面,改扩建工程需拆迁建筑物6200m2。该项目沿线两侧分布有大量农田,
因第三者对保险标的损害而造成的保险事故发生后,保险人未赔偿保险金之前,即使被保险人放弃对第三者请求赔偿的权利,保险人仍应承担赔偿保险金的责任。()
税务行政复议期间发生的下列情形中,可导致行政复议中止的有()。
蒸发冷却是指液体在蒸发成气体的过程中会吸热,从而降低周围的温度起到冷却的效果。蒸发冷却效应是指在目的或志趣相同的人们组成的社会团体中,团体的价值跟液体的整体温度类似,当价值较高的成员离开社团后,社团自身的平均价值会降低。根据上述定义,下列属于蒸发冷却效应的
有以下程序,程序中库函数islower(ch)用以判断ch中的字母是否为小写字母#include#includevoidfun(char*p){inti=0;while(p[i]){if(p[i]==’’&&islower
最新回复
(
0
)