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
2023-07-19
23
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 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. 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 performances. 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 these researchers uncovered a startling finding: executives "attend to measures that affect their own incomes and ignore or play down other factors that determine 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) is closest in meaning to "______".
选项
A、efforts to conquer
B、attempts to win over
C、exertions to understand
D、endeavors to increase profits
答案
B
解析
第三段末句提到,董事会的老板们会花很多时间建立联盟,施惠于个人以讨好外部董事,第四段开始接着说这些诱惑手段(seductions)通常是成功的,由此可推知,老板的这些手段指的是为了拉拢外部董事而结成联盟,故答案为[B]。
转载请注明原文地址:https://tihaiku.com/zcyy/2851714.html
相关试题推荐
Theoldaredrinking______milkperpersontodayastheydidadecadeago.A、asfi
Americanwomenwere______therighttovoteuntil1920aftermanyyearsofhard
ProfessorSmith______inthisfamousuniversityfortbreedecadesbynextwinter.
Sheissoluckythatshehaswon______toafirst-rateAmericanuniversity.A、ac
ItseemsmoreandmoreAmericanswantschoolstoteachforeignlanguagesto
ItseemsmoreandmoreAmericanswantschoolstoteachforeignlanguagesto
ItseemsmoreandmoreAmericanswantschoolstoteachforeignlanguagesto
ItseemsmoreandmoreAmericanswantschoolstoteachforeignlanguagesto
ItseemsmoreandmoreAmericanswantschoolstoteachforeignlanguagesto
ItseemsmoreandmoreAmericanswantschoolstoteachforeignlanguagesto
随机试题
Hisignoranceofthecompany’sfinancialsituationresultedinhisfailuretota
[originaltext]Grasslandsneedtimetorestwhencattleandotheranimalsfee
下列属于自然血亲关系的是()A.养父与养子的关系 B.养母与养女的关系
信息本身的()是指信息随着时间的变化,将不断扩充。A.可扩充性 B.可共享性
婴幼儿轻度脱水补充累积损失量应为A.<50ml/kg B.90~120ml/k
患者女性,78岁,高血压20年。家人探视后突然出现剧烈头痛,头晕,呕吐,进而意识
引起花类药材变色的主要因素是A.日光 B.空气 C.温度 D.湿度 E.
根据Kennedy分类法,缺失属于A.第一类第一亚类 B.第一类第二亚类 C
男性,30岁,因头晕,乏力,伴皮肤出血点1周入院,既往体健,查体见牙龈增生,肿胀
下列各项,不支持艾滋病诊断的是:A.头痛,蛛网膜下腔出血 B.口咽念珠菌感染
最新回复
(
0
)