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
Directors of Occidental Petroleum Corp. want to keep Chief Executive Ray R. Irani safe. So they spent $774,756 last year on home
Directors of Occidental Petroleum Corp. want to keep Chief Executive Ray R. Irani safe. So they spent $774,756 last year on home
admin
2021-02-21
50
问题
Directors of Occidental Petroleum Corp. want to keep Chief Executive Ray R. Irani safe. So they spent $774,756 last year on home-alarm systems and around-the-clock security guards for the CEO. "We live in dangerous times," a company spokesman says. "Executives from oil-and-gas companies have been threatened and kidnapped."
Directors of Valero Energy Corp., a rival oil concern with more than four times Occidental’s revenue, aren’t as worried. Their spending on security for CEO William R. Klesse last year totaled just $239 for a home-alarm monitoring service, a fringe benefit recently extended to all Valero workers. Bill Day, a spokesman, notes the company isn’t well known.
The difference in security spending for big-company CEOs emerged in an analysis of 247 recent proxy statements for The Wall Street Journal by James F. Reda & Associates, a New York pay consultancy. The differences reflect risk assessments by outside security advisers, a CEO’s term of office and whether a company is involved in high-risk regions, experts say. The 247 companies represent the Fortune 300 companies that had filed their latest proxies at the time of the analysis.
For the most generous boards, "it’s almost like an arms race as directors demonstrate how critical their chief executive is to the company," says Mark Borges, a pay consultant at Compensia Inc. in San Jose, Calif.
Of the 247 proxy statements reviewed, 91 companies reported security expenses to protect their CEOs, and 56 of those specified an amount. Some companies don’t disclose a dollar figure because it is below reporting thresholds; others count security as an ordinary business expense. The Securities and Exchange Commission (SEC) considers security at an executive’s residence or during personal travel a fringe benefit that should be disclosed if the value reaches a certain threshold.
The biggest spender in Reda’s study was Oracle Corp. The software maker paid about $1.7 million in the year ended May 31, mainly for guards at residences of Lawrence Ellison, its billionaire CEO and founder. Board members support the expenditure because he’s so important to Oracle, according to the latest proxy statement. It also says Mr. Ellison paid to install and maintain his home-security systems. Oracle declined to comment.
Next up was Limited Brands Inc., which spent $1.25 million in the year ended Feb. 2 to protect CEO Leslie Wexner, who founded the company in 1963. The total includes an unspecified amount for his personal use of corporate aircraft, which the company requires.
Limited’s proxy statement lacks other details, but people familiar with the situation say the bill covers security for Mr. Wexner’s 22,371-square-foot home on a 300-acre estate in nearby New Albany, as well as for other homes and a yacht. The statement says directors approved the spending because of "the risks associated with Mr. Wexner’s role and position. "Founder CEOs often become targets of specific threats identified with their religion, an informed individual said. Mr. Wexner declined to comment.
Such justifications for shelling out big bucks to protect corporate chiefs don’t sway some activist investors. "Security has become a convenient excuse for getting shareholders to pick up the cost for the CEO’s lifestyle," complains Richard Ferlauto, director of corporate governance and pension investment at the American Federation of State, County and Municipal Employees.
[A] says the most generous boards regard security spending as a demonstration of their CEO’s importance.
[B] considers that security expenses should be disclosed if the value reaches a certain threshold.
[C] made an analysis of 247 proxy statements.
[D] earned four times more money than Occidental did.
[E] extended home-alarm monitoring service to all its workers.
[F] holds that justifications for the security spending for CEO don’t sway some activist investors.
[G] says security has been an excuse for getting shareholders to pay for the CEO’s lifestyle.
Richard Ferlauto
选项
答案
G
解析
Richard Ferlauto出现在最后一段的末句。该句提到Richard Ferlauto抱怨安保开支已变成让股东为CEO的生活方式买单的借口。G项基本复现了原文的excnse for getting shareholders to…the CEO’s lifestyle,其中pay for...是原文中pick up the cost for…的同义表达,故G为正确答案。
转载请注明原文地址:https://kaotiyun.com/show/tmY4777K
0
考研英语二
相关试题推荐
ThewriterwarnsAmericansthat______.Thewritergivestheexampleofbreadtoshowthat______.
Excitement,fatigue,andanxietycanallbedetectedfromsomeone’sblinks,accordingtopsychologistJohnStern(21)Washington
Excitement,fatigue,andanxietycanallbedetectedfromsomeone’sblinks,accordingtopsychologistJohnStern(21)Washington
Studythefollowingchartscarefullyandwriteanessayinwhichyoushould:1)describethechartsbriefly,2)interpretthec
Accordingtothepassage,thefactthatyoungpeopleseemtobelosinginterestinscience______.Thebesttitleforthepassa
Asia’srealboat-rockerisagrowingChina,notJapan,aseniorAmericaneconomistobserved.Thereissomuchnoisesurround
Pricesarcsky-high,withprofitstomatch.Butlookingfurtherahead,theindustryfaceswrenchingchange,saysanexpertofen
Tensofthousandsof18-year-oldswillgraduatethisyearandbehandedmeaninglessdiplomas.Thesediplomaswon’tlookanydiff
KimiyukiSudashouldbeaperfectcustomerforJapan’scar-makers.He’sayoung,successfulexecutiveatanInternet-servicesco
Organizationsandsocietiesrelyonfinesandrewardstoharnesspeople’sself-interestintheserviceofthecommongood.Thet
随机试题
下列药物中可引起药物性牙龈肥大是
患者,女,30岁。G2P0。痛经5年。妇科检查:阴道后穹隆可扪及触痛结节,宫体后壁有多个小结节,右附件可扪及5cm×4cm×4cm大小囊肿,欠活动,压痛,诊断为子宫内膜异位症。下列的处理错误的是
肝硬化的特征性病理表现是
交通部或批准工程初步设计文件的地方交通主管部门主持全面考核建设成果,总结经验教训,对建设项目进行综合评价,确定工程质量等级的行为被称为()。
某酒厂为增值税一般纳税人,2015年4月销售粮食白酒4000斤,取得销售收入14040元(含增值税)。已知粮食白酒消费税定额税率为0.5元/斤,比例税率为20%。该酒厂4月应缴纳的消费税税额为()元。
阅读下面这篇六年级的学生的写作,完成题目。难忘的中秋节农历八月十五,是传统的中秋节,现如今已经深入到我们心中,成为我国第二大传统节日。“但愿人长久,千里共婵娟”的话,无人不知
学制在大、中、小学阶段的入学年龄划分方面,很多国家基本上是一致的,这是因为学制的建立主要受到()因素的影响。
简述腭部五对肌肉的组成。
操作系统中对文件的保护一般设立文件存取的两级控制:第一级是对访问者的识别,第二级是对______的识别。
TodayinBeijing,ShanghaiandmanyotherdevelopedcitiesofChina,whereyoungpeoplearebusywithmakingmoney,worriedpare
最新回复
(
0
)