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
2023-08-21
50
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
从上下文可以看出,第四段中these seductions就是指前一段中所说的“经理们花时间在董事会的外聘董事中拉关系、施恩惠,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:https://tihaiku.com/zcyy/2943655.html
相关试题推荐
Fiveoutoftenoftheworld’slargestfoodcompaniesareaggressivelyexplo
Fiveoutoftenoftheworld’slargestfoodcompaniesareaggressivelyexplo
Fiveoutoftenoftheworld’slargestfoodcompaniesareaggressivelyexplo
Fiveoutoftenoftheworld’slargestfoodcompaniesareaggressivelyexplo
Fiveoutoftenoftheworld’slargestfoodcompaniesareaggressivelyexplo
Fiveoutoftenoftheworld’slargestfoodcompaniesareaggressivelyexplo
Fiveoutoftenoftheworld’slargestfoodcompaniesareaggressivelyexplo
Americansgavealmosttwohundredfiftythousandmilliondollarstocharity
Americansgavealmosttwohundredfiftythousandmilliondollarstocharity
Americansgavealmosttwohundredfiftythousandmilliondollarstocharity
随机试题
Manystudentsfindtheexperienceofattendinguniversitylecturestobe
Anepigramisusuallydefinedbeingabrightorwittythoughtthatisterselyan
Whatmakesiteasiertosharethoughts?______makesiteasiertosharethoughts
心肌的等长自身调节通过改变下列哪个因素调节心脏的泵血功能A.肌小节初长 B.肌
土工织物测定拉伸性能,如试样在夹具中滑移,或者多于()的试样在钳口附近5mm范
下列措施中,可防范质押操作风险的有()。A.确认质物是否需要登记 B.质
初中地理《中国水资源空间分布不均》
法国当代著名政治哲学家皮埃尔*马高的《民主的本性——托克维尔的政治哲学》堪称研究
某宗房地产年收益为60万元,建筑物价值为200万元,建筑物资本化率为12%,土地
①在调査和追踪秦陵兵马俑学术研究的过程中 ②位于西安市临潼县东五公里的下河村、
最新回复
(
0
)