首页
登录
职称英语
Business has slowed, layoffs mount, but executive pay continues to roar—at l
Business has slowed, layoffs mount, but executive pay continues to roar—at l
游客
2023-08-16
86
管理
问题
Business has slowed, layoffs mount, but executive pay continues to roar—at least so far. Business Week’s annual survey finds that chief executive officers(CEOs)at 365 of the largest US companies got compensation last year averaging $3.1 million—up 1.3 percent from 1994.
Why are the top bosses getting an estimated 485 times the pay of a typical factory worker? That is up from 475 times in 1999 and a mere 42 times in 1980. One reason may be what experts call the "Lake Wobegon effect". Corporate boards tend to reckon that "all CEOs are above average"—a play on Garrison Keillor’s famous line in his public radio show, A Prairie Home Companion, that all the town’s children are "above average". Consultants provide boards with surveys of corporate CEO compensation. Since directors are reluctant to regard their CEOs as below average, the compensation committees of boards tend to set pay at an above-average level. The result: Pay levels get ratcheted up.
Defenders of lavish CEO pay argue there is such a strong demand for experienced CEOs that the free market forces their pay up. They further maintain most boards structure pay packages to reflect an executive’s performance. They get paid more if their companies and their stock do well. So companies with high-paid GEOs generate great wealth for their shareholders.
But the supposed cream-of-the-crop executives did surprisingly poorly for their shareholders in 1999, says Scott Klinger, author of this report by a Boston-based Organization United for a Fair Economy. If an investor had put $10,000 apiece at the end of 1999 into the stock of those companies with the 10 highest-paid CEOs, by year-end 2000 the investment would have shrunk to $8,132. If $10,000 had been put into the Standard & Poor’s 500 stocks, it would have been worth $9,090. To Mr. Klinger, these findings suggest that the theory that one person, the CEO, is responsible for creating most of a corporation’s value is dead wrong. "It takes many employees to make a corporation profitable."
With profits down, corporate boards may make more effort to tame executive compensation. And executives are making greater efforts to avoid pay cut. Since CEOs, seeing their options "under water" or worthless because of falling stock prices, are seeking more pay in cash or in restricted stock. [br] Scott Klinger most probably tends to agree that_____.
选项
A、most people lose money in the investment into the stocks
B、the CEOs performance can’t be reflected by the value of stocks
C、the CEOs are not the only factor that prospers a corporation
D、the pay of the CEOs greatly influences the profit of a Company
答案
C
解析
原文第4段倒数第2句中的…is dead wrong表明选项C符合Klinger对CEOs的看法,因此选项C为本题答案。
转载请注明原文地址:https://tihaiku.com/zcyy/2931502.html
相关试题推荐
Businesshasslowed,layoffsmount,butexecutivepaycontinuestoroar—atl
Businesshasslowed,layoffsmount,butexecutivepaycontinuestoroar—atl
Businesshasslowed,layoffsmount,butexecutivepaycontinuestoroar—atl
Businesshasslowed,layoffsmount,butexecutivepaycontinuestoroar—atl
Businesshasslowed,layoffsmount,butexecutivepaycontinuestoroar—atl
InthefirstyearorsoofWebbusiness,mostoftheactionhasrevolvedaro
Nearlytwo-thirdsofbusinessesintheUKwantto【C1】______staffwithforeig
Nearlytwo-thirdsofbusinessesintheUKwantto【C1】______staffwithforeig
Nearlytwo-thirdsofbusinessesintheUKwantto【C1】______staffwithforeig
Nearlytwo-thirdsofbusinessesintheUKwantto【C1】______staffwithforeig
随机试题
[img]2012q2/ct_epem_epelist_0001_20123[/img][br][originaltext]Idon’tworkon
Thereisvirtuallynolimittohowonecanservecommunityinterests,froms
湄洲湾(MeizhouBay)是福建省十大新增长区域之一,连通向莆铁路(Xiangtang-PutianRailway)——福建省连接中部和内陆腹地
对需进行地质编录的工程隐蔽部位,承包人应报请( )进行地质编录,并及时告知监理
细水雾灭火系统进行系统周期性检查时,发现系统泵组出口压力低。下列不属于导致泵组出
恩氟烷挥发罐开至2%,新鲜气流量为7L/min时,1小时约消耗恩氟烷()A.
电子商务系统架构中,报文和信息传播的基础设施包括:( )、在线交流系统、基于
胫骨内侧髁下方至内踝尖的骨度分寸是A.6寸 B.8寸 C.9寸 D.12寸
下列普通机构投资者符合参与上海期货交易所期权交易条件的有()。 ①甲机构在申
商品房预售应当符合的条件包括( )。A、已交付全部土地使用权出让金,取得土地
最新回复
(
0
)