Text 1 Ruth Simmons joined Goldman Sachs

练习题库2022-08-02  28

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.The author's attitude toward the role of outside directors is_____A.permissiveB.positiveC.scornfulD.critical

选项 A.permissive
B.positive
C.scornful
D.critical

答案 B

解析 态度题【命题思路】本题需要在理解文章主旨要义的前提下能够识别出作者对外部董事的态度。态度有正向答案,也有负向答案,此题首先考查考生锁定哪个方向的答案;其次考查考生在方向正确的基础上结合原文具体信息进行判断,从而得出作者对外部董事所持有的态度。【直击答案】根据题干信息“The author's attitude”和“the roleof outside directors”定位到第二段“Outside directors…on a firm's board.”。其中原文中的“be supposed to”等于题干中的“The author's attitude”,“serve as”等于题干中的“the role”。根据这句可知“外部董事在公司中应扮演有益而又相对公正的顾问角色。”由此可以判断出作者对外部董事这一角色持肯定态度。另外根据文章最后一段可知“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。”这说明外部董事对公司还是有积极作用的,综合全文,B项正确。【干扰排除】根据对文章第二段分析可知作者对外部董事的态度应是正向的,故C项和D项感情色彩错误,均不选。纵观整篇文章,作者只是对外部董事进行客观描述,并没有宽容放纵的态度,故A项错误。长难句解析
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