首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
What worries me about the stench coming from Corporate America is not its impact on the economy, because America’s resiliency is
What worries me about the stench coming from Corporate America is not its impact on the economy, because America’s resiliency is
admin
2010-04-30
29
问题
What worries me about the stench coming from Corporate America is not its impact on the economy, because America’s resiliency is awesome. It isn’t that scandals may be causing the dollar to sink, because the greenback was overvalued anyway. Nor am I concerned that errant CEOs will escape punishment, since the feds are finally on the case.
No, what bothers me most is something not so easily fixed—the erosion of the equality-based culture that emerged in recent years.
Given the extent of corporate malfeasance, the only way to restore investors’ confidence is for both CEOs and Washington to push sweeping reforms. Most of the necessary elements are contained in the proposals coming from the New York Stock Exchange, the Securities & Exchange Commission, Congress, and various business groups. Here are some key imperatives:
Regulate auditors. A new oversight body must be established, reporting to the SEC. It should set auditing standards, license auditor, and have power to punish transgressors. To guarantee its independence and resources, it should be funded by every publicly listed company.
Revamp CEO compensation. The magnitude of stock options—and the fact that they were not treated as a company expense—gave excess too much incentive to cut comers to pump up stock prices in the short term. In the future, options should not be exercisable for five years, and not unless company performance exceeds the S&P500. They should also be charged against corporate income when they are cashed in. Better yet, executives should be rewarded in stock that must be held for a number of years so CEOs can win and lose with the rest of long-term shareholders.
Make CEOs and boards accountable. The SEC should endorse national guidelines for all publicly listed companies doing business in the U.S.. Among the provisions: CEOs and CFOs must personally warrant that financial statements paint a full and accurate picture of their companies’ positions, including critical underlying trends. Not only must boards be more independent but also audit, compensation, and governance committees ought to be held more clearly accountable for the basic policies of the companies they represent.
Keep up pressure on Wall Street. Among the most egregious conflicts of interest, analysts have been pressured and paid to recommend stocks simply to curry favor with the issuing companies. Until it’s clearer how effectively Wall Street will police itself, the SEC should issue public progress reports on investment banks’ moves to eliminate conflicts.
Modernize accounting. Accounting needs to deal with a global, financially complex, knowledge-based economy, including derivatives, off-balance-sheet assets, and intangible assets such as research-and-development capabilities. The best ideas from around the world must be combined into one high-grade set of international standards.
What may be "the equity-based culture" refer to in the passage?
选项
A、Investor confidence.
B、CEO compensation.
C、Pressure on Wall Street.
D、Modem accounting.
答案
A
解析
推理判断题。文中第二段提到对“股票文化的侵蚀”,接下来马上说明如何恢复投资者信心,可推断“股票文化”涉及的足投资昔的信心问题。所以B,C,D三项均为错误答案。
转载请注明原文地址:https://jikaoti.com/ti/8xYMFFFM
0
大学英语六级
相关试题推荐
Accordingtotheauthor,thedistinctionbetweenviolentactsandnon-violentonesinsportsis______.Intheauthor’sopinion
Accordingtotheauthor,thedistinctionbetweenviolentactsandnon-violentonesinsportsis______.Accordingtotheauthor
Publicrelationsismanagementfunctionthatcreates,develops,andcarriesoutpoliciesandprogramstoinfluencepublicopinio
Britain’sdependencyoncertainessentialserviceshasgreatlywidenedandbecomeakeyroleinthecountry’s______.According
Thebesttitleforthepassagewouldbe______.ThepromotedJapanesemanageraskedforatransferbecause______.
Thestandardoflivinginacountryisdeterminedby______.Acountry’scapacitytoproducewealthdependson______.
A、Itwassixdayslong.B、Itdidn’tincludeSaturdayafternoon.C、Italwaysincludedatleastoneholiday.D、Itdidn’t’allowth
A、Heisseriouslyillandstillinhospital.B、MarywilldohisworkinsteadC、Morrisonishisdoctor.D、Hewillgotoworktomo
Forthispart,youareallowedthirtyminutestowriteashortessayentitledPressureinModernLife.Youshouldwriteatleast
随机试题
麻黄的功效是
房地产抵押合同()生效。
下图甲为人类受精及胚胎发育早期示意图,乙图为羊水穿刺产前诊断示意图,即抽取羊水(其中有胎儿脱落的细胞等)进行生理生化分析。请据图回答问题: 若要分析胎儿是否患代谢方面异常的疾病,可对______作生化分析。
【2014年济南市真题】相对于螺旋式编排教材,直线式编排教材的优点之一是能够将学生的认知结构与学科的逻辑结构相统一。()
根据物权法的规定,因事实行为引发的物权变动,自()起生效。
宣告死亡引起的法律后果包括()。
在近代历史上,辛亥革命是中国人民为救亡图存、振兴中华而奋起革命的一个里程碑,它使中国发生了历史性的巨变,具有伟大的历史意义。但是辛亥革命
(1)考生文件夹中有工程文件sjt3.vbp。窗体上有一个名称为Label1标题为“标签控件”的标签;有一个名称为Command1、标题为“命令按钮”的命令按钮。单击上述两控件中的任一控件,则在标签Label2中显示所单击控件的标题内容(标题内容前添加“单
TobaccoYoumostlikelyknowthattobaccoisaplant.Ithaslargeleavesthathavebeensmokedinmanyforms{oratleast20
WhatkindofnaturaldisasterhappenedonTuesdayinLaConchita,California?
最新回复
(
0
)