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
2015-11-16
45
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 measure, 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 performance.
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 the researcher’s big discovery was that bosses attend to measures that affect their own incomes and ignore or play down other factors that affect 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.
Which of the following statements is TRUE according to the passage?
选项
A、In general corporate executives are worth the high pay they receive.
B、The income of corporate executives is proportional to the growth of corporate profits.
C、Corporate executives tend to take advantage of their position to enrich themselves.
D、The performance of corporate executives affect their own interests more than those of the shareholders.
答案
C
解析
本文倒数第二段最后一句表明,经理们更热衷于采用一些提高自己收入的做法,而不是解决关系公司发展的其他问题。第四段最后一句也反映出在实际工作中,公司管理人员往往利用自己的职务中饱私囊,故选C)。
转载请注明原文地址:https://kaotiyun.com/show/QYQ7777K
0
大学英语六级
相关试题推荐
Economistsusuallystudymarkets.Now,twoAmericanshavewontheNobelPrizeineconomicsfornotstudyingmarkets.Theywills
A、Heisanew-comertotheplace.B、Heenjoysnaturalbeauty.C、Hefeelssurprisedatthechange.D、Heiswearingcontactlenses
ABritishstudyhasfoundthatBvitaminscanreducebrainshrinkageinolderpeoplewithmildmemoryloss.It【B1】______thatBv
ABritishstudyhasfoundthatBvitaminscanreducebrainshrinkageinolderpeoplewithmildmemoryloss.It【B1】______thatBv
A、Itrisksthehealthygrowthofchildren.B、Itmakesweddingstooexpensivetopreparefornewcouples.C、Itmakespeoplefeel
TheScienceBehindtheNumbersThatGovernOurLivesA)Numbersareeverywhereinyourlife.Youcanassignanumbertojustabou
It’saparlorgameinpublishingcirclestospeculatehowlongitwilltakebeforee-booksconstituteamajorityoftheindustry
Itcouldbepossibletolearnnewskillswhileyousleep,accordingtoAmericanscientists.ResearchersatYaleUniversityinves
A、Therelationshipthecompanyestablisheswithitscustomers.B、Legalresponsibilitiessharedbythecompanyanditscustomers.
A、Payfarmerstoplantothercrops.B、Forbidfarmerstogrowcoca.C、Punishthosefarmerswhorundrugbusiness.D、Tellfarmers
随机试题
抗日战争时期中国共产党争取中间势力需要的条件有()
列表比较精神分裂症偏执型与偏执性精神病的区别要点。
关于第一心音,下述错误的是
定期通报国家药品不良反应报告和监测情况的是()
依《保护文学艺术作品伯尔尼公约》的规定,非该公约成员国的国民,其作品首次在公约某一成员国出版,或同时在某一成员国及其他非成员国首次出版,则应在一切成员国中享有下列哪一种待遇:
某城市道路,路面为沥青混凝土,路宽21m,采用双侧对称布置灯,灯具仰角θ为15°,如下图所示,请回答下列问题:道路表面为均匀漫反射表面,其表面亮度为1.0cd/m2,已知路面反射比为0.2,则道路表面照度值应为下列哪项数据?()
Historically,humansgetseriousaboutavoidingdisastersonlyafteronehasjuststruckthem.【B1】______thatlogic,2006shoul
每个学校有一名校长,且不同学校的校长可以是同一人,则实体学校和实体校长间的联系是
Isourconceptionofhumanneuronfunctioningandourestimatesofthenumberofneuronsandconnectionsinthehumanbraincons
A、Drivetosomeplacewhereitcanofferwirelesssignal.B、Resorttotheirfriendsandcolleagues.C、Gotolocallibrarytoread
最新回复
(
0
)