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
2024-03-08
31
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
由题干关键词“seductions”(Line 1,Para.4)定位至第四段首句。语义理解题。从上下文可以看出,第四段首句中的these seductions就是指上一段中所说的经理们花时间与董事会中的外聘董事拉关系、施恩惠以及讨好这些外聘董事。故B)“企图收买人心”正确。
转载请注明原文地址:https://tihaiku.com/zcyy/3515531.html
相关试题推荐
[originaltext]MedicalexpertssaymostAmericansdonotgetenoughsleep.T
[originaltext]MedicalexpertssaymostAmericansdonotgetenoughsleep.T
[originaltext]MedicalexpertssaymostAmericansdonotgetenoughsleep.T
[originaltext]TrainandrailwayexpressionsworkedtheirwayintoAmerican
[originaltext]StudentsinAmericanschoolslearnfromanearlyagetogive
[originaltext]StudentsinAmericanschoolslearnfromanearlyagetogive
[originaltext]StudentsinAmericanschoolslearnfromanearlyagetogive
[originaltext]Americanssufferfromanoverdoseofwork.Regardlessofwho
[originaltext]Americanssufferfromanoverdoseofwork.Regardlessofwho
[originaltext]AgrowingnumberofAmericanuniversitiesaredroppingtheen
随机试题
(1)TheyhelpedfleeingRomansevadeAttilatheHunandheldaglitteringcit
Thefirsttwostagesinthedevelopmentofcivilizedmanwereprobablythei
Pleasedonotbe______byhisbadmannerssinceheismerelytryingtoattracta
Forthispart,youareallowed30minutestowriteanessaycommentingonthe
A. B. C. D.
在对驾驶执照测试机构的效率进行审计时,以下哪项最不重要?A.文书人员管理笔试,让
对试验数据进行分析处理之前,应首先主观判断去掉那些不理想的数据。()
患者,男,38岁。形体消瘦,倦怠乏力,脘腹隐隐坠痛,大便溏薄,一日三行,舌质淡,
土地税成为效率最高税种的原因是( )。A.土地供给有弹性 B.土地需求有弹性
该项目到第5年(包括第五年)的累计净现金流量为()万元。A.300 B
最新回复
(
0
)