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
42
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.
It can be inferred from the last paragraph that outside directors______.
选项
A、may stay for the attractive offers from the firm
B、have often had records of wrongdoings in the firm
C、are accustomed to stress-free work in the firm
D、will decline incentives from the firm
答案
A
解析
推理题。题干定位在最后一段,没有明确的定位。因此需要分析段落结构,找到作者所暗示的内容。最后一段首先提到独立董事会在公司坏消息出现前离开以避免影响自己的声誉。然后提到了需要奖励来留住他们,否则Simmons女士的例子会重现。
转载请注明原文地址:https://kaotiyun.com/show/kje4777K
0
考研英语二
相关试题推荐
Theword"this"(Paragraph1)probablyrefersto______.Thepotentialforhazardousweedsdevelopingfromgeneticallymodified
Thingswentwellforhimduringhisearlylifebutinmiddleagehis______seemedtochange.
Idon’tlikefootball,butsomepeopleare______aboutit,whichisbeyondmycomprehension.
Withtheriseofthewomen’smovementinthelate1960s,thepoliticalsignificanceofdressbecameincreasinglyexplicit.Rejec
Pricesarcsky-high,withprofitstomatch.Butlookingfurtherahead,theindustryfaceswrenchingchange,saysanexpertofen
Wearelivinginoneofthoseperiodsinhumanhistorywhicharemarkedbyrevolutionarychangesinallofman’sideasandvalue
Wearelivinginoneofthoseperiodsinhumanhistorywhicharemarkedbyrevolutionarychangesinallofman’sideasandvalue
TheInternetaffordsanonymitytoitsusers,ablessingtoprivacyandfreedomofspeech.Butthatveryanonymityisalsobehind
Isitpossiblethattheideaswehavetodayaboutownershipandpropertyrightshavebeensouniversalinthehumanmindthatit
Thequestioningoftheroleofthepubliegalleryisnotanewphenomenon.Itissomethingthathasbeenarguedoversinceitsv
随机试题
提示疾病发展转折点的是()(2002年第20题)
_______difficultieswemaycomeacross,we’llhelponeanothertoovercomethem.
苏、黄、米、蔡“四大家”是我国_______代的著名书法家。
根据嵌体的种类,将嵌体分为以下几类A.金属嵌体B.瓷嵌体C.单面嵌体D.双面嵌体E.多面嵌体
足厥阴肝经与足太阴脾经循行交叉,变换前中位置,是在
乳腺囊性增生症的特点是
关于民事诉讼法基本原则的说法,正确的是()。(2012年)
根据合同法律制度的规定,下列各项中,属于无效格式条款的有()。
以下关于国际重复征税的说法中,正确的是()。
=_______.
最新回复
(
0
)