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
2025-03-22
15
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 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(一步步地增加)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 CEOs 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 compen sation. And executives are making greater efforts to avoid pay cuts. Some CEOs, seeing their options "under water" or worthless because of falling stock prices, are seeking more pay in cash or in restricted stock. [br] Which of the following can be the best title of the passage?
选项
A、Still High in a Slowdown, Executive Pay Draws Looks.
B、Layoffs Mount While Executive Pay Roars.
C、The Story Happened in Lake Wobegon.
D、Defenders of Lavish CEO Pay.
答案
A
解析
主旨归纳题,文章主要论述了商业低迷,但CEO的薪酬却持续升高这一现象,故选项A“经济仍旧不景气,CEO薪酬惹人眼”,最为合适,故答案为A。
转载请注明原文地址:https://tihaiku.com/zcyy/4008826.html
相关试题推荐
Internetpiracyisdefinedas______.[br]Accordingtothepassage,businessess
______isnoneofyourbusiness.A、IshalltakewhatmeasuresB、Whatmeasuressha
SpeakerA:Ittookmetenyearstobuildupmybusiness,anditalmostkilledme
Hisbusinessprosperedandhebecameapersonofmeans.Yet,despitehisgreatr
Hisbusinessprosperedandhebecameapersonofmeans.Yet,despitehisgreatr
Businesshasslowed,layoffsmount,butexecutivepaycontinuestoroar—atl
Businesshasslowed,layoffsmount,butexecutivepaycontinuestoroar—atl
Businesshasslowed,layoffsmount,butexecutivepaycontinuestoroar—atl
Hisbusinesswasverysuccessful,butitwasatthe______ofhisfamilylife.A、co
______afewyearsago,theexistenceofsexualharassmentinmanybusinesseswas
随机试题
Weshallprobablyneverbeableto______theexactnatureofthesesub-atomicpar
Whomthebellwasnamedafteraccordingtomostpeople?[br][originaltext]
WemetJaneandherparentsatthepartytwomonthsago.______we’vehadnofur
[originaltext]Jetlag,causedbytravelingbetweentimezones,isbecoming
对某人防工程进行防火检查,该人防工程地下一层布置的下列场所中符合规范要求的是(
厂房杯型基础杯底找平的目的是()。A.使柱子容易垂直 B.便于吊装柱子 C
暂态地电压局部放电检测至少()一次,结合迎峰度夏(冬)开展。(A)一年(
党的基层委员会每届任期( )。A.三年至五年 B.两年至五年 C.三年至四
(2019年真题)关于普查特点的说法,正确的有()A.普查数据规范化程度较高
下列工作中,属于工程项目前期阶段工作的有()。A.提出指标性目标 B.签
最新回复
(
0
)