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  3. Text 1 Ruth Simmons joined Goldman Sachs

Text 1 Ruth Simmons joined Goldman Sachs

免费题库2022-08-02  35
问题 Text 1 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 unremarked?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 that 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 departure,the probability that the company will subsequently have to restate earnings increases by nearly 20%.The likelihood of being named in a federal classaction 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 break,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____A.may stay for the attractive offers from the firmB.have often had records of wrongdoings in the firmC.are accustomed to stressfree work in the firmD.will decline incentives from the firm
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 stressfree work in the firm
D.will decline incentives from the firm
答案 A
解析 推理题【命题思路】这是一道封闭式推理题，需要对最后一段进行锁定，从而得出答案。【直击答案】根据题干定位到最后一段第二句“Firms who…create incentives.”这句话的意思是“想要在困难时期留住外部董事的公司可能不得不采取一些激励政策。”由此可以推断出外部董事可能会因为公司采取的政策而留下。A项和原文意思吻合，故是正确答案。【干扰排除】B项与原文意思不符。原文最后一段最后一句只是说外部董事在公司犯错时还在公司任职，但并未说外部董事自己居公司留下劣迹，故不选。最后一段并没有提到外部董事的工作压力，C项属于无中生有，故不选。文末两句“Firms who…the example of Ms.Simmons…”只谈到了公司不得不采取一些激励措施，至于外部董事接受还是拒绝，没有提及。D项属于过度推理，不选。
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英语二研究生

研究生入学

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