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
2025-04-25
26
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 measures, 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.
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] Which of the following statements is true?
选项
A、Corporate executives in general are worth the high pay they receive.
B、The income of corporate executives is proportional to the growth of corporate profits.
C、Corporate executives tend to take advantage of their position to enrich themselves.
D、The performance of corporate executives affects their own interests more than those of the shareholders.
答案
C
解析
根据文章第三段最后一句“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.”可知,教授发现在董事会里设立外部董事时,经理人会忙于拉拢关系、中饱私 囊、取悦外来董事。据此判断,答案是C。
转载请注明原文地址:https://tihaiku.com/zcyy/4053673.html
相关试题推荐
OurculturehascausedmostAmericanstoassumenotonlythatourlanguagei
OurculturehascausedmostAmericanstoassumenotonlythatourlanguagei
OurculturehascausedmostAmericanstoassumenotonlythatourlanguagei
OurculturehascausedmostAmericanstoassumenotonlythatourlanguagei
It’sbeenanextraordinarilybadweekforApple,thewell-knownAmericanmanu
AskanAmericanschoolchildwhatheorsheislearninginschoolthesedays
AskanAmericanschoolchildwhatheorsheislearninginschoolthesedays
AskanAmericanschoolchildwhatheorsheislearninginschoolthesedays
Whatdotheextraordinarilysuccessfulcompanieshaveincommon?Tofindout
Whatdotheextraordinarilysuccessfulcompanieshaveincommon?Tofindout
随机试题
________hetried,hewasnotsuccessful.A、ForB、ButC、AlthoughC本题考查连词。根据上下文可知,这
Whatmightdrivingonanautomatedhighwaybelike?Theanswerdependsonwh
Why,youmaywonder,shouldspidersbeourfriends?Becausetheyprotectso
______.referstothelearninganddevelopmentofalanguage.A、Languageacquisit
Languageisthemeansbywhichthethoughtsandfeelingsofonepersonare
有两列沿相反方向传播的相干波,其波动方程分别为y1=Acos2π(vt-x/λ)
患者扁桃体剥离术后2d,突感咽痛加剧,体温39℃,检查见扁桃体窝白膜污秽,腭弓肿
行政法律关系的内容为()A.管理者的权利和义务、被管理者的权利和义务 B.国家
教育制度
某企业每月固定制造费用20000元,固定销售费用5000元,固定管理费用5000
最新回复
(
0
)