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
What worries me about the stench coming from Corporate America is not its impact on the economy, because America’s resiliency is
What worries me about the stench coming from Corporate America is not its impact on the economy, because America’s resiliency is
admin
2010-04-30
72
问题
What worries me about the stench coming from Corporate America is not its impact on the economy, because America’s resiliency is awesome. It isn’t that scandals may be causing the dollar to sink, because the greenback was overvalued anyway. Nor am I concerned that errant CEOs will escape punishment, since the feds are finally on the case.
No, what bothers me most is something not so easily fixed—the erosion of the equality-based culture that emerged in recent years.
Given the extent of corporate malfeasance, the only way to restore investors’ confidence is for both CEOs and Washington to push sweeping reforms. Most of the necessary elements are contained in the proposals coming from the New York Stock Exchange, the Securities & Exchange Commission, Congress, and various business groups. Here are some key imperatives:
Regulate auditors. A new oversight body must be established, reporting to the SEC. It should set auditing standards, license auditor, and have power to punish transgressors. To guarantee its independence and resources, it should be funded by every publicly listed company.
Revamp CEO compensation. The magnitude of stock options—and the fact that they were not treated as a company expense—gave excess too much incentive to cut comers to pump up stock prices in the short term. In the future, options should not be exercisable for five years, and not unless company performance exceeds the S&P500. They should also be charged against corporate income when they are cashed in. Better yet, executives should be rewarded in stock that must be held for a number of years so CEOs can win and lose with the rest of long-term shareholders.
Make CEOs and boards accountable. The SEC should endorse national guidelines for all publicly listed companies doing business in the U.S.. Among the provisions: CEOs and CFOs must personally warrant that financial statements paint a full and accurate picture of their companies’ positions, including critical underlying trends. Not only must boards be more independent but also audit, compensation, and governance committees ought to be held more clearly accountable for the basic policies of the companies they represent.
Keep up pressure on Wall Street. Among the most egregious conflicts of interest, analysts have been pressured and paid to recommend stocks simply to curry favor with the issuing companies. Until it’s clearer how effectively Wall Street will police itself, the SEC should issue public progress reports on investment banks’ moves to eliminate conflicts.
Modernize accounting. Accounting needs to deal with a global, financially complex, knowledge-based economy, including derivatives, off-balance-sheet assets, and intangible assets such as research-and-development capabilities. The best ideas from around the world must be combined into one high-grade set of international standards.
What may be "the equity-based culture" refer to in the passage?
选项
A、Investor confidence.
B、CEO compensation.
C、Pressure on Wall Street.
D、Modem accounting.
答案
A
解析
推理判断题。文中第二段提到对“股票文化的侵蚀”,接下来马上说明如何恢复投资者信心,可推断“股票文化”涉及的足投资昔的信心问题。所以B,C,D三项均为错误答案。
转载请注明原文地址:https://kaotiyun.com/show/2TOK777K
0
大学英语六级
相关试题推荐
Accordingtothepassage,howmaymostintelligentadultfeelfacingchildren’sthirstforknowledge?Sincewhendoescuriosity
Althoughblindrageofhumanbeingisperhapstheresultofsurvivalinstinct,strangelyenough,weseldomtakeitouton______
A、Tryingtotelephonesomeone.B、Attendingaconcert.C、Waitinginline.D、Cancelingreservations.CWhatarethemanandwomand
InNovember1965,NewYorkwasblackedoutbyanelectricityfailure.The(36)______promisedthatitwouldnothappenagain.Pe
Theconceptofpersonalchoiceinrelationtohealthbehaviorsisanimportantone.Anestimated90percentofallillnessesmay
A、It’sanewcar.B、It’sanoldone.C、Italwaysbreaksdown.D、It’sexpensive.CWhatdoesthewomanimplyabouthercar?
A、BamboowasthefoodoftheShintogods.B、TheShintogodslivedinsidethebamboo.C、Theearlyinhabitantsworshipbambooast
Thecarbrokedownjustwhen__________________(我们正准备去度假).
A、Threeweeks.B、Onemonth.C、Threemonths.D、Overayear.C数字推断题文中需要租房的Jim先生租期是6月到8月,正好是女士去欧洲度假的时间,由此可以判断她将在欧洲待三个月。
____________(电视暴为对孩子们的影响)isofconcerntomanyparentsandpsychologists.
随机试题
乙酸接触皮肤后应如何处理?乙酸着火用什么灭火器材扑救?
心绞痛发作的典型部位是()。
A.脑震荡B.脑挫裂损伤C.脑干损伤D.急性硬膜外血肿E.开放性脑损伤
[背景资料]施工现场钢筋工程施工主要有三个方面的作业,一是钢筋加工,二是钢筋的连接,三是钢筋安装。若采用钢筋现场就位绑扎,就不需要吊装作业进行钢筋安装。下图是钢筋混凝土基础工程的钢筋绑扎工艺流程。关于钢筋绑扎工艺还有若干注意事项,下列做法,正确的是
关于履约担保的说法,正确的是()。
同一专业的两个以上不同资质等级的单位实行联合承包的,应当按照()单位的业务许可范围承揽工程。
下列选项中,属于金融期货主要交易制度的有()。Ⅰ.限仓制度Ⅱ.逐日盯市制度Ⅲ.集中交易制度Ⅳ.有负债的结算制度
乐音体系中的各音叫作()。
阅读下列材料,回答问题。慕课(MOOC,大规模在线课程)风靡全球,有学校也想进行实验研究。于是在英语学科上进行MOOC实验。取样来自这所学校的高一(二)班作为实验班,其他2个班级为对比班。实验前后都对所有班级进行了难度相同的测试。高一(二)班前后测成绩的差
WhatisthepurposeofJaneandRick’smeetingwiththetutor?
最新回复
(
0
)