MBA英语历年真题阅读理解及参考答案详解
Ruth Simmons joined Goldman Sachs's board as an outside director in January 2000; a year later she became president of Brown University. For the rest of the decade she apparently managed both roles without attracting much criticism. But by the end of 200王熙凤的人物形象9 Ms. Simmons was under fire for having sat on GoLd man's compensation committee; how could she have let tho enormous bonus payouts pass unremarked? By February the next year Ms. Simmons had left the board. The
梦见给小孩洗澡 position was taking up too much time, she said.
Outside directors are suppod to rve as helpfuL, yet less biad, advirs on a firm's board.Having made their wealth and their reputations elwhere, they presumably have enough independence to disagree with the chief executive's proposals. If the sk小品相声大全y, and the share price, is falling, outside directors should be able to give advice bad on having weathered their own cris.
专技岗位等级 The rearchers from Ohio University ud a databa that covered more than 10,000 firms and more than 64,000 different directors between 1989 and 2004. Then they simply checked which directors stayed from one proxy statement to the next. The most LikeLy reason for departing a board was age, so the rearchers concentrated on tho "surpri" departure, the probability that the company will subquently have to restate earnings increas by nearly 20%. The likelihood of being named in a federal class-action lawsuit also increas, and the stock is likely to perform wor. The effect tended to be larger for larger firms. Although a correlation between them leaving and subquent bad performance at the firm is suggestive, it does not mean that such directors are
always jumping off a sinking ship. Often they "trade up," leaving riskier, smaller firms for larger and more stable firms.
But the rearchers believe that outside directors have an easier time of avoiding a blow to their reputations if they leave a firm before bad news breaks, even if a rev
iew of history shows they were on the board at the time any wrongdoing occurred. Firm正宗梅菜扣肉s who want to keep their outside directors through tough time may have to create incentives. Otherwi outside directors will follow the example of Ms. Simmons, once again very popular on campus.
脸怎么变白 21. According to Paragraph 1, Ms. Simmons was criticized for_______.
A. gaining excessive profits
B. failing to fulfill her duty
C. refusing to make compromis
D. leaving the board in tough times
22. We learn from Paragraph 2 that outside directors are suppod to be _______.
A. generous investors
C. share price forecasters 关于法律知识
茉莉花事件 B. unbiad executives
