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
It has been a wretched few weeks for America’s celebrity bosses. AIG’s Maurice Greenberg has been dramatically ousted from the f
It has been a wretched few weeks for America’s celebrity bosses. AIG’s Maurice Greenberg has been dramatically ousted from the f
admin
2011-02-12
139
问题
It has been a wretched few weeks for America’s celebrity bosses. AIG’s Maurice Greenberg has been dramatically ousted from the firm through which he dominated global insurance for decades. At Morgan Stanley a mutiny is forcing Philip Purcell, a boss used to getting his own way, into an increasingly desperate campaign to save his skin. At Boeing, Harry Stonecipher was called out of retirement to lead the scandal-hit firm and raise ethical standards, only to commit a lapse of his own, being sacked for sending e- mails to a lover who was also an employee. Carly Fiorina was the most powerful woman in corporate America until a few weeks ago, when Hewlett-Packard (HP) sacked her for poor performance. The fate of Bernie Ebbers is much grimmer. The once high-profile boss of WorldCom could well spend the rest of his life behind bars following his conviction last month on fraud charges.
In different ways, each of these examples appears to point to the same, welcome conclusion: that the imbalance in corporate power of the late 1990s, when many bosses were allowed to behave like absolute monarchs, has been corrected. Alas, appearances can be deceptive. While each of these recent tales of chief-executive woe is a sign of progress, none provides much evidence that the crisis in American corporate governance is yet over. In fact, each of these cases is an example of failed, not successful, governance.
At the very least, the boards of both Morgan Stanley and HP were far too slow to address their bosses’ inadequacies. The record of the Boeing board in picking chiefs prone to ethical lapses is too long to be dismissed as mere bad luck. The fall of Messrs Greenberg and Ebbers, meanwhile, highlights the growing role of government—and, in particular, of criminal prosecutors—in holding bosses to account a development that is, at best, a mixed blessing. The Sarbanes-Oxley act, passed in haste following the Enron and WorldCom scandals, is imposing heavy costs on American companies; whether these are exceeded by any benefits is the subject of fierce debate and may not be known for years.
Eliot Spitzer, New York’s attorney-general, is the leading advocate and practitioner of an energetic "law enforcement" approach. He may be right that the recent burst of punitive actions has been good for the economy, even if some of his own decisions have been open to question. Where he is undoubtedly right is in arguing that corporate America has done a lamentable job of governing itself. As he says in all article in the Wall Street Journal this week: "The honour code among CEOs didn’t work. Board oversight didn’t work. Self-regulation was a complete failure." AIG’s board, for example, did nothing about Mr. Greenberg’s use of murky accounting, or the conflicts posed by his use of offshore vehicles, or his constant bullying of his critics—let alone the firm’s alleged participation in bid-rigging—until Mr. Spitzer threatened a criminal prosecution that might have destroyed the firm.
As for the issues involved in the economy, Eliot Spitzer would in favor of
选项
A、Law enforcement” approach.
B、Decisions open to question.
C、The honour code among CEOs.
D、Board oversight and Self-regulation
答案
A
解析
本题是推论题,法律实施的途径。参见文章最后一段。作者认为,他也许是对的,因为惩罚诉讼有利于经济发展(punitive actions has been good for the economy)。由此可见Eliot Spitzer倡导将法律实施的途径用于经济领域。
转载请注明原文地址:https://kaotiyun.com/show/K3e4777K
0
考研英语二
相关试题推荐
ThewriterwarnsAmericansthat______.Whatistheconclusionofthispassage?
ThewriterwarnsAmericansthat______.By"commonresources"(Paragraph2),theauthormeansthat______.
Thingswentwellforhimduringhisearlylifebutinmiddleagehis______seemedtochange.
Weshouldconcentrateonsharplyreducinginterestratestopulltheeconomyoutof______.
Wearewillingtoallowyou______at10%calculatedongrossprofits.
Overthepastdecade,manycompanieshadperfectedtheartofcreatingautomaticbehaviors-habits-amongconsumers.Thesehabits
Thelongestbullruninacenturyofart-markethistoryendedonadramaticnotewithasaleof56worksbyDamienHirst,Beauti
Tensofthousandsof18-year-oldswillgraduatethisyearandbehandedmeaninglessdiplomas.Thesediplomaswon’tlookanydiff
TheUnitedStateshashistoricallyhadhigherratesofmarriagethanthoseofotherindustrializedcountries.Thecurrentannual
Itlookedjustlikeanotheraircraftfromtheoutside.Thepilottoldhisyoungpassengersthatitwasbuiltin1964.Butappear
随机试题
用消防器材灭火时,要从火源中心开始扑救。 ()
胆囊()
骨转移癌进行手术的目的主要是
被告人孟某因受贿嫌疑被县人民检察院逮捕,被关押在县看守所。2013年2月4日,本案被起诉到县人民法院。2月7日,孟某在看守所因突发脑溢血抢救无效死亡。对此,县人民法院应当如何处理本案?()
电路如图7-79所示,两电源共同作用时,U2=5V,当IS单独作用时,U2将()。
政府预算制度改革的主要内容是()。
通常所说的“利率倒挂”是指()。
教育心理学的发展时期是在()。
据初步测算,2006年广东完成生产总值25968.55亿元,比上年增长14.1%,经济总量继续列全国第一位置。其中,第一产业增长3.8%,第二产业增长16.9%,第三产业增长12.2%。与此同时,鲁、苏、浙、沪也稳定协调发展,其中山东、江苏赶超步伐不减,增
WhichofalefollowingisNOTadistinctivefeatureofhumanlanguage?
最新回复
(
0
)