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
2013-01-12
23
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 measures, 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.
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?
选项
A、Corporate executives in general 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 affects their own interests more than those of the shareholders.
答案
C
解析
根据文章第三段最后一句“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.”可知,教授发现在董事会里设立外部董事时,经理人会忙于拉拢关系、中饱私 囊、取悦外来董事。据此判断,答案是C。
转载请注明原文地址:https://kaotiyun.com/show/ud9O777K
0
考博英语
相关试题推荐
InmostAmericancities,therentforaone-bedroomapartmentwas$250ormorepermonthinrecentyears.Insomesmallercities
Thewordscienceisheardsoofteninmoderntimesthatalmosteverybodyhassomenotionofitsmeaning.Ontheotherhand,its
Thelaserrepresentsatruemarriagebetweenscienceandtechnology,themen,whodeviseditwere______engineersandphysicist
Oldpeoplearealwayssayingthattheyoungpeoplearenot【51】theywere.Thesamecommentis【52】fromgenerationtogenerationan
Oldpeoplearealwayssayingthattheyoungpeoplearenot【51】theywere.Thesamecommentis【52】fromgenerationtogenerationan
Baroquehasbeenthetermusedbyarthistoriansforalmostacenturytothedominantstyleoftheperiod600~750.
ThecrucialyearsoftheDepression,astheyarebroughtintohistoricalfocus,increasinglyemergeasthedecisivedecadeforA
TheperiodimmediatelyfollowingtheCivilWarwasatimeofgreathopeforBlacksinAmerica.Itwasalsoatimeofmomentous【2
"Humanism"hasusedtomeantoomanythingstobeaverysatisfactoryterm.57.Nevertheless,andinthelackofabetterword,
WhenthenovelistJodiPicoultwasapproachedtowriteafewinstallmentsoftheWonderWomancomicsseries,herfirst______was
随机试题
常用无损探伤方法有射线检测、________、________和渗透探伤。
正常成人腋测法体温应是
下列不属于饮用水污染事件的认定原则的是()。
某工程,建设单位与施_丁单位按照《建设工程施工合同(示范文本)》签订了施工承包合同。合同约定:工期6个月;A、B工作所用的材料由建设单位采购;合同价款采用以直接费为计算基础的全费用综合单价计价;施工期间若遇物价上涨,只对钢材、水泥和骨料的价格进行调整,调整
下列项目属于城市维护建设税计税依据的是()。
根据《人民币银行结算账户管理办法》的规定,存款人开立专用存款账户一定时间后,方可使用该账户办理付款业务。该一定时间是()。(2008年)
WhenthePacificWarbrokeout,Edwardwasdraftedbynavyandservedfourfullyearsonabigaircraftcarrier.
某工厂仓库工作人员甲利用晚上值班的机会,在一周内三次窃取通信电缆,甲的行为属于()。
1942年,毛泽东在《整顿党的作风》中指出,我们要的是马克思列宁主义的学风。学风问题主要是指
请在【答题】菜单下选择【进入考生文件夹】命令,并按照题目要求完成下面的操作。注意:以下的文件必须铼存在考生文件夹下。在考生文件夹下打开文档WORD.DOCX.按照要求完成下列操作并以该文件名(WORD.DOCX)保存文档。吴明是某房地产公司的行政助理
最新回复
(
0
)