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
2012-06-20
65
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 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 carefully
D、cooperation between senior managers and board directors suffered from the reforms
答案
A
解析
第二段末句提到,the consequences have differed from those intended,由此可知,改革的结果事与愿违,这是一个总的结论。第三、四、五段是具体说明,主要是引用了Westphal的调查结果,故答案为[A]。
转载请注明原文地址:https://kaotiyun.com/show/LSf7777K
0
大学英语四级
相关试题推荐
Thebetterdefinedyourhiringprocessis,themoreeasilyitwillbeadheredto.Isuggestthatyouuseamulti-stageinterview
A、Theman’stest.B、Thewoman’sresearchpaper.C、Goswimmingoveratthestudentcenter.D、Plansfortheevening.D此类题既要听懂大致的
Changesinthewaypeoplelivebringaboutchangesinthejobsthattheydo.Moreandmorepeopleliveintownsandcitiesinste
Teachingisahighly-complexoccupation.Ithasbeendescribedintermsofverydifferenttypesofroles.Forexample,teachers
"InterestinlearningChineseamongAmericanyouthandtheirparentshasgrown【S1】______inthepastfiveyears,"saidVivienSte
A、Thisyear.B、Thisseason.C、Ayearlater.D、Attheendofthisyear.C推理题。浏览选项可知,本题问的是某事发生在“什么时候”,听新闻时要抓住时间中心词语。原文有两处提到Armstr
A、Tothemanager’soffice.B、Tothepaperbacksection.C、Tothetextbookarea.D、Tothepublishers’indexes.C细节题。当男士说需要一本关于总统选举
A、Thepersonnelmanagershouldbefiredforinefficiency.B、Afewengineersshouldbeemployedtomodernizethefactory.C、Thee
A、Astandardunitformeasuringweight.B、Howtocareforpreciousmetals.C、Thevalueofpreciousmetals.D、Usingthemetricsy
ProfessorWang,______(引起知识广博的讲座而出名),waswarmlyreceivedbyhisstudents.
随机试题
被保险人故意犯罪导致其自身伤残或者死亡的,保险人( )。投保人已交足2年以上保险费的,保险人( )。
各个控制类型中,()的控制标准Z值由某一目标函数的最大值或最小值构成。
急症哮喘患者,病因未明,为缓解症状,应立即选用
2岁正常小儿的平均体重为
广州某服装进出口公司和外商签订来料加工合同,外商提供纺织面料及全部辅料加工女式时装,交付成品时外商支付加工费。该合同向海关办理登记备案时,企业需向海关递交的文件有:
接案会谈前的准备工作包括()。
社会性的焦虑特属于某些社会或时代,它是一种_________的心神不安和精神不定,是一种弥漫于社会不同阶层的焦虑。它不会轻易消退,不容易通过心理的调适而化解,人们所焦虑的对象或有不同,但在其性质和内容上又存在着一些共性。就如贫困者或忧虑自己生存缺乏保障,而
下面语句中标点符号使用有误的是()。
求.
A、Power.B、Academicdegree.C、Wealth.D、Diligence.DWhichistheleastimportantfactorrelevanttoaperson’ssocialstatus?
最新回复
(
0
)