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
2012-03-27
110
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 unmarked? 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 hat 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 departrue, the probability that the company will subsequently have to restate earnings increased 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。题干中的was criticized定位在第一段的第三句but之后,对应原文的under fire。因此答案指向该句for后面的内容。受到批评的原因是其担任高盛薪酬委员会主席间,她是如何让巨额的分红在不知情的情况下通过的?因此可以理解为她没有履行自己的职责,对应[B]选项。其他选项的内容都没有在第一段体现。
转载请注明原文地址:https://kaotiyun.com/show/Nje4777K
0
考研英语二
相关试题推荐
Themainideaofthefirstparagraphisthat______.Whatdoestheword"disruptive"(Paragraph3)mostprobablymean?
Becauseagricultureissoimportanttoanation’swell-being,governmentshavealwaysbeenconcernedwithit.Forexample,theU
Theconference______thepossibilityofestablishingcloserdiplomaticrelationshipbetweenthetwocountries.
Accordingtothepassage,thefactthatyoungpeopleseemtobelosinginterestinscience______.Thebesttitleforthepassa
WhichofthefollowingbestdescribestheAmerica’seconomicsituation?Howdoesmonetarypolicyofferhelpforweakeconomica
Wearelivinginoneofthoseperiodsinhumanhistorywhicharemarkedbyrevolutionarychangesinallofman’sideasandvalue
RuthSimmonsjoinedGoldmanSachs’sboardasanoutsidedirectorinJanuary2000:ayearlatershebecamepresidentofBrownUni
Isitpossiblethattheideaswehavetodayaboutownershipandpropertyrightshavebeensouniversalinthehumanmindthatit
Afewdecadesago,theworldbankingcommunityinventednewElectronicFundsTransfer(EFT)systemstomovemoneymoreefficiently
随机试题
按照项目投资的作用可将项目投资分为()
手术流产10天后,阴道继续流血时多时少。检查:阴道内少量鲜血,宫口松,宫体稍大,无压痛,尿妊娠试验阳性,下列诊断哪项可能性大
A.红色B.黄色C.绿色D.草黄色E.白色病理性黄疸时,患者的腹腔积液呈
影响耐火极限的要素有()。
初生婴儿的情绪是笼统不分化的,1岁以后逐渐分化,_______,已出现各种基本情绪。
根据下列资料。回答以下问题。2019年上半年,社会消费品零售总额195210亿元,同比名义增长8.4%(扣除价格因素实际增长6.7%,以下除特殊说明外均为名义增长)。其中,6月社会消费品零售总额33878亿元,同比增长9.8%,增速比去年同期提高
下列对党政机关公文格式要求说明有误的是:
设某教学管理系统,其查询模块需要提供如下功能:Ⅰ.查询系信息,列出各系编号、系名和系办公电话;Ⅱ.查询某系教师的信息,列出教师号、教师名、工资和聘用日期;Ⅲ.查询某教师讲授的课程信息,列出课程号、课程名和学分;Ⅳ.查
下列数据类型中______属于Java简单数据类型。
TheFallofWorIdTradeCentreI.FlashbackofthedisasterA.ThetwintowersoftheWorldTradeCentercollapsedB.Arela
最新回复
(
0
)