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
2022-11-13
26
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.
What is the purpose of the large companies recruiting more outside directors?
选项
A、To diversify the business of the corporations.
B、To increase the cooperation between the senior managers and the board directors.
C、To introduce effective reforms in business management.
D、To protect the benefit of the shareholders.
答案
D
解析
由题干关键词recruiting more outside directors定位至第一段。细节辨认题。定位段指出,在过去的10年里,美国公司竭力要找出方法阻止高级管理人员牺牲股东的利益谋取私利,从而采取了一些改革措施,故D“保护股东利益”为答案。
转载请注明原文地址:https://kaotiyun.com/show/AXR7777K
0
大学英语六级
相关试题推荐
A、SheisagainstteachingEnglish.B、Englishshouldn’tbethegloballanguage.C、TranslationshouldreplaceteachingEnglish.D、
A、Thedevelopmentoflanguages.B、ProblemsinEnglish’sglobalization.C、Theimportanceoftranslation.D、Thenecessityoflearn
A、Itwascriticizedatsometimeinthepast.B、Itisnowthemostattractivefieldineconomics.C、Ithasahistoryoflesstha
SomepeopleoftencomplainthatonenegativeaspectofChina’srapideconomicdevelopmentisthephenomenonoffakecommodities.
A、Ineffectivetraining.B、Toxiccompanyculture.C、Overburdeningofmanagers.D、Lackofregularevaluation.B事实细节题。由短文可知,造成管理不善
A、Theyareauselesstoolformanagerstochangeemployeebehavior.B、Theyprovetobeagoodmeansformanagerstogiveinstruc
A、Theyareauselesstoolformanagerstochangeemployeebehavior.B、Theyprovetobeagoodmeansformanagerstogiveinstruc
A、Burythemlocally.B、Throwthemaway.C、Asklocalexpertstorecyclethem.D、Deliverthemtootherrecyclingcompanies.D
InequalityQuantified:MindtheGenderCapA)Femalescientistshavemadesteadygainsinrecentdecades,buttheyfacepers
随机试题
男,45岁。2周前烧伤,烧伤面积40%左右,近五天开始发热,体温38—39℃,间歇性,逐渐加重并伴有寒战,血培养出的细菌可产生凝固酶、杀白细胞素、肠毒素。最可能感染的细菌是
骨盆骨折最危险的并发症是()。
下列属于共益债务的是:()
按先进先出法,A材料3月末结存存货成本为()元。按后进先出法,A材料3月末结存存货成本为()元。
根据印花税的规定,不属于印花税纳税人的有()。
某一般纳税人委托外单位加工一批应税消费品,材料成本150万元,加工费12万元,受托方增值税税率为16%,受托方代收代缴消费税18万元。该批材料加工后委托方直接出售,则该批材料加工完成入库时的成本为()万元。
杜威继承和弘扬卢梭的自然教育思想的精华,猛烈地批判了旧教育的理念与做法,并在教育界首次将其称为“传统教育”,这就是“传统教育”概念的由来,他还系统阐述了新的教育思想,进行了新的教育实践。后来,人们把与传统教育相对立的以杜威为代表的教育理论与实践称为“现代教
下列对网络服务的描述正确的是()。
人就是一棵树。当我们有所失的时候,必须去_______,你会发现生命中那些曾以为不可或缺的东西,就像树的须根,一旦_______,同样也能顽强地活下去,这就是生命力。当人被迫面临一个新的环境,或是一种完全不同的生命状态时,曾经的成就与辉煌,就像那华丽的树冠
依法从重从快惩处严重刑事犯罪分子,意味着对其他刑事犯罪分子一律从宽或不予处罚。()
最新回复
(
0
)