首页
登录
职称英语
Over the past decade, American companies have tried hard to find ways to dis
Over the past decade, American companies have tried hard to find ways to dis
游客
2024-03-07
71
管理
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. [br] The word "seductions" (Line 1, Para.4) probably means________.
选项
A、efforts to conquer
B、attempts to win over
C、endeavors to increase profits
D、exertions to understand
答案
B
解析
由题干关键词“seductions”(Line 1,Para. 4)定位至第四段首句。语义理解题。从上下文可以看出,第四段首句中的these seductions就是指上一段中所说的经理们花时间与董事会中的外聘董事拉关系、施恩惠以及讨好这些外聘董事。故B “企图收买人心”正确。
转载请注明原文地址:http://tihaiku.com/zcyy/3511851.html
相关试题推荐
Overthepastdecade,Americancompanieshavetriedhardtofindwaystodis
Overthepastdecade,Americancompanieshavetriedhardtofindwaystodis
Overthepastdecade,Americancompanieshavetriedhardtofindwaystodis
Overthepastdecade,Americancompanieshavetriedhardtofindwaystodis
Morethanadecadeago,cognitivescientistsJohnBransfordandDanielSchwa
Morethanadecadeago,cognitivescientistsJohnBransfordandDanielSchwa
Morethanadecadeago,cognitivescientistsJohnBransfordandDanielSchwa
Acrosstheboard,Americancollegesanduniversitiesarenotdoingaverygo
Acrosstheboard,Americancollegesanduniversitiesarenotdoingaverygo
In1963anAmericanphysiotherapist(物理治疗师)GlennDomanwroteabest-selling
随机试题
Whatdidthemanwant?[br][originaltext]W:Wouldyoulikeacupoftea?M:Th
Hello,mynameisRichardandIamanegosurfer.Thehabitbeganaboutfiv
Thesectarianclashesoccurredbetween______.[br][originaltext]MoreChr
A、Shewantstogainsomenewknowledge.B、Itmakesherfeelfulfilledinherspa
Scientistshavebegunusingsatellite-basedsystemstopredictvolcanicerup
国有经济,即社会主义全民所有制经济,是国民经济的主导力量。()
先张法预制空心板,在编制施工图预算中,其钢绞线等预应力筋的张拉工作长度,一般可按
下列关于弱式有效市场的描述中,正确的有()。 Ⅰ.证券价格完全反映过去的
间接免疫荧光和ELISA间接法检测血清中自身抗体,正确的是A.第1抗体为羊抗人I
强心苷中毒引起的窦性心动过缓可选用A.吗啡 B.阿托品 C.利多卡因 D.
最新回复
(
0
)