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
2024-03-31
17
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] According to the second paragraph, CEOs’ pay keeps soaring mainly because _____.
选项
A、surveys indicate that CEOs deserve higher, pay
B、consultants tend to believe CEOs are above average
C、directors’ belief greatly influences the pay standard
D、compensation committees seldom evaluate the CEOs’ ability
答案
C
解析
第2段最后两句的Since…The result…表明这两句之间存在着因果关系,由倒数第2句可以推断CEOs报酬不断上涨主要是因为受到董事们的想法的影响,选项C提到了董事们的想法,为本题答案。
转载请注明原文地址:https://tihaiku.com/zcyy/3534582.html
相关试题推荐
Nearlytwo-thirdsofbusinessesintheUKwantto【C1】______staffwithforeign
Nearlytwo-thirdsofbusinessesintheUKwantto【C1】______staffwithforeign
Nearlytwo-thirdsofbusinessesintheUKwantto【C1】______staffwithforeign
Nearlytwo-thirdsofbusinessesintheUKwantto【C1】______staffwithforeign
[originaltext]W:JimWhiteiseditorofBusinessTravelWeekly.Jim,thanksfor
[originaltext]W:JimWhiteiseditorofBusinessTravelWeekly.Jim,thanksfor
[originaltext]W:JimWhiteiseditorofBusinessTravelWeekly.Jim,thanksfor
[originaltext]ThechiefexecutiveofficersofAmerica’slargestcompanieswe
Businesscardshavebeenaroundalongtimeinoneformoranother.TheChine
Businesscardshavebeenaroundalongtimeinoneformoranother.TheChine
随机试题
Kolb’sLearningStylesPsychologistDavidKolbpr
[originaltext]W:Stan,doyouhaveaminute?M:Oh,hi,Cathy,sure.What’sup?
职业性安全健康监护体检,一线工人周期为1年一次。
落锤式弯沉仪(简称FWD)测定路面弯沉时,每一测点重复测定应不少于()次。A.
按收入法计算工业增加值的计算公式是( )。A.工业增加值=劳动者报酬+生产税净
A.芬太尼 B.七氟烷 C.氯胺酮 D.氯琥珀胆碱(司可林) E.氟烷小
下列关于我国少数民族歌舞的说法,错误的有( )。A.壮族地区素有“歌乡”之称,
美国某租货房屋公司曾发生一起恶性事故。一名房东发现她的公寓被从该公司网站上招来的
上市公司公开发行股票,应当由证券公司承销;非公开发行股票,如发行对象均属于原前1
一般来说中年人的工作满意度()。A:达到一生的最低谷B:和青年期相比没有什么特
最新回复
(
0
)