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
27
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/3534583.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]ThechiefexecutiveofficersofAmerica’slargestcompanieswe
[originaltext]ThechiefexecutiveofficersofAmerica’slargestcompanieswe
Businesscardshavebeenaroundalongtimeinoneformoranother.TheChine
Businesscardshavebeenaroundalongtimeinoneformoranother.TheChine
随机试题
WorldExpoisthelargestthemeexhibitionwheretheorganizerandparticipa
Whatdowemeanbyasatisfactorystandardofliving?Obviously,itmustinc
PoordietistheleadingcauseofmortalityintheUnitedStates.【C1】______
血流速度时间积分的单位是A.毫秒 B.米/秒 C.米 D.立方厘米 E.
硒蛋白的生理功能是()。A.抗氧化作用 B.以上全是 C.影响代谢过
试述ALI/ARDS的治疗原则。
正常人皮质醇分泌节律是A:清晨最高,下午最低B:午夜最高,下午最低C:午夜最
市、县城乡规划主管部门建设用地规划管理中的主要职责为( )。A.提供规划条件
在一展览馆的楼面上,有一静止的展品及其墩座,其自重的标准值共为30kN;墩座经厚
价格总水平会对工资产生影响,下面错误的是()。A.名义工资是扣除了价格变动影响
最新回复
(
0
)