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
2024-06-10
40
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] According to the author, the stench coming from Corporate America impact______.
选项
A、the American economy
B、the dollar value
C、the American legal system
D、investor confidence
答案
D
解析
推理判断题。根据文章第一段,作者并不担心美国公司丑闻对经济有影响,也不会导致美元贬值,所以A、B选项错误。C项并末提及。由第三段,Given the extent of corporate malfeasance,the only way to restore investors’ confidence is for both CEOs and Washington to push sweeping reforms.“要恢复投资者信心”可知,丑闻影响了投资者信心,选项D正确。
转载请注明原文地址:https://tihaiku.com/zcyy/3627317.html
相关试题推荐
WhatworriesmeaboutthestenchcomingfromCorporateAmericaisnotitsim
WhatworriesmeaboutthestenchcomingfromCorporateAmericaisnotitsim
WhatworriesmeaboutthestenchcomingfromCorporateAmericaisnotitsim
Inthelate1960s,manypeopleinNorthAmericaturnedtheirattentiontoen
Inthelate1960s,manypeopleinNorthAmericaturnedtheirattentiontoen
Inthelate1960s,manypeopleinNorthAmericaturnedtheirattentiontoen
Inthelate1960s,manypeopleinNorthAmericaturnedtheirattentiontoen
Inthelate1960s,manypeopleinNorthAmericaturnedtheirattentiontoen
[originaltext]M:Thesummerholidayiscoming,butIreallydon’tknowwhatto
GrowingnumbersofGermansarebecomingaddictedtotext-messaging,aGerman
随机试题
TaskSheet:OverseasOffices1.Yourcompanyneedstoopenoverseasofficesfor
Moreandmoreoftheworld’spopulationarelivingintownsorcities.Thes
《期刊出版形式规范》要求,CN应按规定格式印在期刊的( )。A.封面 B.扉
针入度试验过程中,对试验结果产生影响的因素包括()A.试验温度 B.下沉时间
()属于组合单位。A:立方米 B:秒 C:每米 D:千克
A.天冬B.砂仁C.鲜生地D.乳香E.硼砂易腐烂的是
女性,妊娠34周,食欲佳,每日吃苹果3~4个。产前检查,全身无水肿,上周体重增加
1949年,美国学者泰勒出版的《课程与教学的基本原理》,提出了课程编制的“四段论
棒框仪通常用来研究的问题是A.注意分配 B.手眼协调 C.知觉动作学习 D
茶碱属于A.M胆碱受体阻断剂 B.黄嘌呤类药物 C.白三烯调节剂 D.β肾
最新回复
(
0
)