首页
登录
职称英语
What worries me about the stench coming from Corporate America is not its im
What worries me about the stench coming from Corporate America is not its im
游客
2023-09-13
52
管理
问题
What worries me about the stench coming from Corporate America is not its impact on the economy, because America’s resiliency is awesome. It isn’t that scandals may be causing the dollar to sink, because the greenback was overvalued anyway. Nor am I concerned that errant CEOs will escape punishment, since the feds are finally on the case.
No, what bothers me most is something not so easily fixed—the erosion of the equality-based culture that emerged in recent years.
Given the extent of corporate malfeasance, the only way to restore investors’ confidence is for both CEOs and Washington to push sweeping reforms. Most of the necessary elements are contained in the proposals coming from the New York Stock Exchange, the Securities & Exchange Commission, Congress, and various business groups. Here are some key imperatives:
Regulate auditors. A new oversight body must be established, reporting to the SEC. It should set auditing standards, license auditor, and have power to punish transgressors. To guarantee its independence and resources, it should be funded by every publicly listed company.
Revamp CEO compensation. The magnitude of stock options—and the fact that they were not treated as a company expense—gave excess too much incentive to cut comers to pump up stock prices in the short term. In the future, options should not be exercisable for five years, and not unless company performance exceeds the S&P500. They should also be charged against corporate income when they are cashed in. Better yet, executives should be rewarded in stock that must be held for a number of years so CEOs can win and lose with the rest of long-term shareholders.
Make CEOs and boards accountable. The SEC should endorse national guidelines for all publicly listed companies doing business in the U.S.. Among the provisions: CEOs and CFOs must personally warrant that financial statements paint a full and accurate picture of their companies’ positions, including critical underlying trends. Not only must boards be more independent but also audit, compensation, and governance committees ought to be held more clearly accountable for the basic policies of the companies they represent.
Keep up pressure on Wall Street. Among the most egregious conflicts of interest, analysts have been pressured and paid to recommend stocks simply to curry favor with the issuing companies. Until it’s clearer how effectively Wall Street will police itself, the SEC should issue public progress reports on investment banks’ moves to eliminate conflicts.
Modernize accounting. Accounting needs to deal with a global, financially complex, knowledge-based economy, including derivatives, off-balance-sheet assets, and intangible assets such as research-and-development capabilities. The best ideas from around the world must be combined into one high-grade set of international standards. [br] Which of the following is correct?
选项
A、Stock options should not be charged against corporate income when they are cashed in.
B、Now stock options is not treated as a company expense and is exercisable for five years.
C、There are national guidelines for all publicly listed companies doing business in the U.S..
D、CEOs and CFOs must account for accuracy of financial statements but for critical underlying trends.
答案
B
解析
事实细节题。根据第五段In the future,options should not be exercisable for five years, and not unless company performance exceeds the S&P500.They should also be charged against corporate income when they are cashed in.“股票变现后,金额应从公司收入中扣除”,“不被列入公司收入……”和“股票期权应在5年后允许行使”,
转载请注明原文地址:https://tihaiku.com/zcyy/3011055.html
相关试题推荐
MasstransportationrevisedthesocialandeconomicfabricoftheAmericanc
MasstransportationrevisedthesocialandeconomicfabricoftheAmericanc
MasstransportationrevisedthesocialandeconomicfabricoftheAmericanc
[originaltext]Americanssufferfromanoverdoseofwork.Regardlessofwho
[originaltext]Americanssufferfromanoverdoseofwork.Regardlessofwho
Eatingbetterandmoreadventurouslyisbecominganobsession,especiallyam
[originaltext]InAmerica,wherelaborcostsaresohigh,"do-it-yoursel
[originaltext]InAmerica,wherelaborcostsaresohigh,"do-it-yoursel
Ifsustainablecompetitiveadvantagedependsonwork-forceskills,American
Ifsustainablecompetitiveadvantagedependsonwork-forceskills,American
随机试题
[originaltext]M:Whathappenedtoyoutoday?W:IwenttotheMusicFestivalin
Thenear-treblingofuniversitytuitionfeeshasdeterredworking-classboys
[originaltext]ElevenfishingboatcrewwhohadbeenleftsinceOctoberina
电流保护的接线方式指的是()之间的连接方式。A.电流继电器 B.电流互
施工图预算的编制依据有( )。A.工程量清单 B.工程合同或协议 C.施工
达到平衡后,将气体混合物的温度降低,下列叙述中正确的是()。A.正反应速率加
私募基金的—般风险不包含下列哪项。()A.资金损失风险 B.募集失败风险
在为客户配对房源时应注意的事项主要有()。(2008年真题)A.要及时为客户
发报台分别以概率0.6和0.4发出信号“?”和“一”,由于受到干扰,接受
市净率指标的计算涉及的参数有()A.股东权益总额 B.优先股的清算价值 C
最新回复
(
0
)