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
2016-01-05
82
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 just 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" disappearances by directors under the age of 70. They found that after a 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 times 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
细节题。文章第一段指出Simmons女士担任Goldman公司董事会的外部董事以及布朗大学的校长.近十年内她身兼两职而没有遭到非议.但是2009年年底由于她对Goldman公司巨额的奖金支出没有提出任何质疑而饱受批评.为此,她也表达了自己即将辞去该公司外部董事一职的想法。本题正是考查受批评的原因,根据本段第三句But…under fire(遭到攻击)便可得知她受到批评的原因在于她没有履行自己作为公司外部董事的职责,因此正确答案应该是B项。A项“获取过高利益”,C项“拒绝妥协”,这在文章第一段中都没有出现;D项“在艰难处境中离开董事会”虽然提到但不是遭到批评的原因。
转载请注明原文地址:https://kaotiyun.com/show/B3sZ777K
0
考研英语一
相关试题推荐
Twoofthemostcommonrumorsaboutimmigrantfamiliesarethattheydon’treallywanttobecomeAmericanandthatthey’readra
Thereisanoldsayingthatphilosophybakesnobread.Itisperhapsequallytruethatnobreadwouldeverhavebeenbakedwitho
Thereisanoldsayingthatphilosophybakesnobread.Itisperhapsequallytruethatnobreadwouldeverhavebeenbakedwitho
Thereisanoldsayingthatphilosophybakesnobread.Itisperhapsequallytruethatnobreadwouldeverhavebeenbakedwitho
Thatpeoplehavepersonalitiesgoeswithoutsaying.Petownerswillquicklyarguethattheiranimalshavepersonalitiestoo.Yet
Asmillionsoffamiliesplansummervisits,theworld’sfirst,oldest,largest,andmostenviedcollectionofnationalparksis
TheInternet,e-commerceandglobalizationaremakinganeweconomicerapossible.Bythemiddleofthe21stcentury,capitalis
Becarefulwhatyousayaroundapregnantwoman.Asafetusgrowsinsideamother’sbelly,itcanhearsoundsfromtheoutsidew
【F1】WhenBushaskedCheney,theheadofhisvicepresidentialsearchteam,toactuallybecomehisrunningmate,itwascleartha
随机试题
HillFarmEstate工作人员问是否属于学校,Thompson随即否认并说明是山农庄园的一部分(partofHillFarmEstate)。
关于X线胶片特性曲线直线部正确的是
患者洪某,男性,42岁。肺痈后期见脓痰渐少,午后潮热,五心烦热,口燥咽干,盗汗自汗,气短乏力,形体消瘦,舌瘦红,脉虚数。其首选方剂是
动物发生红尿时,若尿液暗红、透明,振荡后无云雾状,血浆颜色发红,尿液有少量红细胞,则此类红尿属于()。
制备嵌体窝洞时,与修复体边缘封闭直接有关的是
[2008年,第59题]图4.9-9所示质量为m,半径为r的定滑轮O上绕有细绳,依靠摩擦使绳在轮上不打滑,并带动滑轮转动。绳之两端均系质量m的物块A与B。块B放置的光滑斜面倾斜角为α,0<α<。假设定滑轮O的轴承光滑,当系统在两物块的重力用作下运动时,B与
()于2008年10月9日至12日在北京举行,审议通过了《中共中央关于推进农村改革发展若干重大问题的决定》。
在下列字符中,其ASCII码值最大的一个是()。
Readthequestionbelow.Youhave30minutestoplan,write,andreviseyouressay.Typically,aneffectiveresponsewillcontai
Todayalmosteverybodyisusingacellphone.Nowpeopleareabletocarrytheirphoneswherevertheygo.Theyaremakingphone
最新回复
(
0
)