MBA英语历年真题阅读理解及参考答案详解日语翻译考试
repor 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 2009 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
sharapova免费翻译在线 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 sky, and the share price, is falling, outside directors should be able to give advice bad on having weathered their own cris. 干电池的构造
just the way you are什么意思
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. Firms 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.
21. According to Paragraph 1, Ms. Simmons was criticized for_______.
保姆日记下载 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 _______.
短语英语
A. generous investors
C. share price forecasters
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B. unbiad executives tabloids
