2022年MBA英语历真题阅读理解及参考答案详解说课讲解.pdf
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1、资料收集于网络,如有侵权请联系网站删除word 可编辑MBA 英语历年真题阅读理解及参考答案详解Ruth Simmons joined Goldman Sachss 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 20
2、09 Ms. Simmons was under fire for having sat on GoLd mans compensation committee; how could she have let those enormous bonus payouts pass unremarked? By February the next year Ms. Simmons had left the board. The position was taking up too much time, she said. Outside directors are supposed to serve
3、 as helpfuL, yet less biased, advisers on a firms board.Having made their wealth and their reputations elsewhere, they presumably have enough independence to disagree with the chief executives proposals. If the sky, and the share price, is falling, outside directors should be able to give advice bas
4、ed on having weathered their own crises. 精品资料 - - - 欢迎下载 - - - - - - - - - - - 欢迎下载 名师归纳 - - - - - - - - - -第 1 页,共 11 页 - - - - - - - - - - 资料收集于网络,如有侵权请联系网站删除word 可编辑The researchers from Ohio University used a database that covered more than 10,000 firms and more than 64,000 different directors be
5、tween 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 researchers concentrated on those surprise departure, the probability that the company will subsequently have to restate earnings in
6、creases by nearly 20%. The likelihood of being named in a federal class-action lawsuit also increases, and the stock is likely to perform worse. The effect tended to be larger for larger firms. Although a correlation between them leaving and subsequent bad performance at the firm is suggestive, it d
7、oes 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 researchers believe that outside directors have an easier 精品资料 - - - 欢迎下载 - - - - - - - - - - - 欢迎下载 名师归纳 - - - - - - - - - -第 2 页,共 1
8、1 页 - - - - - - - - - - 资料收集于网络,如有侵权请联系网站删除word 可编辑time of avoiding a blow to their reputations if they leave a firm before bad news breaks, even if a review 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
9、 may have to create incentives. Otherwise 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_. A. gaining excessive profits B. failing to fulfill her duty C. refusing to make compromises 精品资料 - - -
10、 欢迎下载 - - - - - - - - - - - 欢迎下载 名师归纳 - - - - - - - - - -第 3 页,共 11 页 - - - - - - - - - - 资料收集于网络,如有侵权请联系网站删除word 可编辑D. leaving the board in tough times 22. We learn from Paragraph 2 that outside directors are supposed to be _. A. generous investors C. share price forecasters B. unbiased executives
11、D. independent advisers 23. According to the researchers from Ohio University, after an outside directors surprise departure, the firm i8 likely to _. 精品资料 - - - 欢迎下载 - - - - - - - - - - - 欢迎下载 名师归纳 - - - - - - - - - -第 4 页,共 11 页 - - - - - - - - - - 资料收集于网络,如有侵权请联系网站删除word 可编辑A. become more stable
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