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
Business has slowed, layoffs mount, but executive pay continues to roar-at least so far. Business Week’s annual survey finds tha
Business has slowed, layoffs mount, but executive pay continues to roar-at least so far. Business Week’s annual survey finds tha
admin
2013-05-28
62
问题
Business has slowed, layoffs mount, but executive pay continues to roar-at least so far. Business Week’s annual survey finds that chief executive officers(CEOs)at 365 of the largest companies got compensation last year averaging $3. 1 million-up 1. 3 percent from 1994.
Why are the top bosses getting an estimated 485 times the pay of a typical factory worker? That is up from 475 times in 1999 and a mere 42 times in 1980. One reason maybe what experts call the "Lake Wobegon effect". Corporate boards tend to reckon that "all CEOs are above average"-a play on Garrison Keillor’s famous line in his public radio show, A Prairie Home Companion, that all the town’s children are "above average". Consultants provide boards with surveys of corporate CEO compensation. Since directors are reluctant to regard their CEOs as below average, the compensation committees of boards tend to set pay at an above-average level. The result: pay levels get ratcheted(一步步地增加)up.
Defenders of lavish CEO pay argue there is such a strong demand for experienced CEOs that the free market forces their pay up. They further maintain most boards structure pay packages to reflect an executive’s performance. They get paid more if their companies and their stock do well. So companies with high-paid CEOs generate great wealth for their shareholders.
But the supposed cream-of-the-crop executives did surprisingly poorly for their shareholders in 1999, says Scott Klinger, author of this report by a Boston-based Organization United for a Fair Economy. If an investor had put $10,000 apiece at the end of 1999 into the stock of those companies with the 10 highest-paid CEOs, by year-end 2000 the investment would have shrunk to $8,132. If $10,000 had been put into the Standard & Poor’s 500 stocks, it would have been worth $9,090. To Mr. Klinger, these findings suggest that the theory that one person, the CEO, is responsible for creating most of a corporation’s value is dead wrong. "It takes many employees to make a corporation profitable."
With profits down, corporate boards may make more effort to tame executive compensation. And executives are making greater efforts to avoid pay cuts. Some CEOs, seeing their options "under water" or worthless because of falling stock prices, are seeking more pay in cash or in restricted stock.
The expression "cream-of-the-crop" in the first sentence of paragraph 4 most probably means______.
选项
A、creative
B、high-quality
C、delicious
D、crisp
答案
B
解析
A creative“创造的”;B high-quality“高质量的”;C delicious“美味的”;D crisp“脆弱的”。第四段第一句“被看作素质极高的CEO,却做得出奇地差”,故答案应为B高质量的。
转载请注明原文地址:https://kaotiyun.com/show/maQd777K
本试题收录于:
职称英语理工类B级题库职称英语分类
0
职称英语理工类B级
职称英语
相关试题推荐
NeedforEmphasisonTreatmentAIDSprogramsindevelopingcountriesputtoolittleemphasisontreatment,theWorldHealth
"Ithinkyou’vemadeamistake,"hesaidmildly.
AboutonemillionAmericansarediagnosedannuallywithskincancer.
Animmensecloudofsmokecameoutofthehouse.
OptimistsReallyDoLiveLonger,SayScientists1.ForthephilosopherArthurSchopenhaueroptimismwasfundamentallywrongb
NewYorkisratedsecondintheproductionof850,000,000dollarsthisyear.
OptimistsReallyDoLiveLonger,SayScientists1ForthephilosopherArthurSchopenhaueroptimismwasfundamentallywrong,b
DidanyonecallmewhenIwasout?
ThekindofthingthathappenedlastSaturdaynightisaregularoccurrenceinthevillage.
DidanyonecallmewhenIwasout?
随机试题
在用价值是指资产对于具有明确投资目的的特定投资者所具有的价值。判断:理由:
邓小平认为,社会主义的根本原则是
试分析科学发展观与以经济建设为中心的关系。
导致硅沉着病病变最严重的矽尘微粒直径是
膝关节结核具有早期诊断价值的影像学检查是
不宜与白芨同用的是不宜与人参同用的是
根据终身教育的观念,生产经营单位应当对在岗的从业人员进行()的安全生产教育培训。
下列属于有色金属的是()。
班主任周老师发现班级同学只顾学习,并不热心集体,对于参与班级事务的积极性很低。以下解决方法对解决此问题最有效的是:
2009年9月10日,龙兴洗衣粉厂在青岛港将三个集装箱的洗衣粉以FOB条件海运装运出口至洪都拉斯。装运后不久船公司来电称,两天前在去往韩国釜山的航行途中,其中一个洗衣粉集装箱发生燃烧,致使该箱的一端箱门严重变形,另一端向外凸出,并导致其他货主的两个集装箱货
最新回复
(
0
)