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
2013-05-04
81
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 shareholder. The three most popular reforms have been recruiting more outside directors in order to make boards more independent, linking bosses’ pay to various performance measures, 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 performances. 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 these researchers uncovered a startling finding: executives "attend to measures that affect their own incomes and ignore or play down other factors that determine 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.
Professor James Westphal’s study suggests that ______.
选项
A、boardroom reforms have failed to achieve the desired result
B、outside board directors tend to be more independent
C、with a boardroom full of outsiders, senior managers work more conscientiously
D、cooperation between senior managers and board directors suffered from the reforms
答案
A
解析
文章第四段第二句指出,“独立”董事采取的策略也多是为了追求高级管理者的利益,由此可知董事会的改革并没有达到预期的效果,故选A项。B项的内容并非研究结果;C项的内容与原文事实相反;文章第三段末提到高级管理者通过给予外来董事恩惠又建成联盟,由此可排除D项。
转载请注明原文地址:https://kaotiyun.com/show/AtB7777K
0
大学英语六级
相关试题推荐
Adinerisasmallrestaurant.Old-timedinerswerebuiltinafactoryand【B1】______totheirplaceofbusiness.Dinersusually
Adinerisasmallrestaurant.Old-timedinerswerebuiltinafactoryand【B1】______totheirplaceofbusiness.Dinersusually
Itisallverywelltoblametrafficjams,thecostofpetrolandthequickpaceofmodernlife,butmannersontheroadsarebec
Itisallverywelltoblametrafficjams,thecostofpetrolandthequickpaceofmodernlife,butmannersontheroadsarebec
Newresearchsuggeststhatregularlyplayinganinstrumentchangestheshapeandpowerofthebrainandmaybeusedintherapyt
Ahappymarriageapparentlyisgoodmedicine,but【B1】______spousesmaybeharmfultooneanother’shealth.Couplesinconflict-
A、Heisaseriousperson.B、Heiseasytolosetemper.C、Heisgeneroustostudents.D、Hisexamquestionsaredifficult.A对话中女士提
A、Theweather.B、Thecultures.C、Thecustoms.D、Thefamilymember.D事实细节题。短文提到亚洲东部一些国家的人碰到陌生人时会以提问对方一些私人问题开始他们的谈话,如家庭、家或工作。这些问题被
A、Sheshouldcleanupherself.B、Sheforgottobringherbathingsuit.C、Shemightbealreadyswimming.D、Sheislikelytobene
A、Toseefilms.B、Toreadbooksinthelibrary.C、Toattendlectures.D、TovisittheAssociation.D
随机试题
________,飞鸟相与还。(陶渊明《饮酒》(其五))
下列哪些情况不宜使用涌吐药( )
9岁女孩,右上后牙冷热刺激痛2天,无自发痛。检查见第一恒磨牙面深龋达牙本质深层,去腐净洞底敏感,未见穿髓点。冷水一过性疼痛。治疗选择
对肝功能不良患者应用药物时,应着重考虑患者
根据《建筑法》的规定,( )可以规定实行强制监理的建筑工程的范围。
红色旅游是一项()工程。
营造对于()相当于烘托对于()
根据我国《宪法》的规定,连任不得超过两届的是()。
局域网交换机有很多特点。下面关于局域网交换机的论述,不正确的是______。A.低传输延迟B.高传输带宽C.可以根据用户的级别设置访问权限D.允许不同速率的网卡共存于一个网络
TheSocialSecurityActdidnotincludehealthinsurancebecausethecommissionconsideredthatitsinclusionwouldjeopardizet
最新回复
(
0
)