[gmat机经]20124阅读机经15-智课教育

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1、智课网GMAT备考资料[GMAT机经]20124阅读机经15-智课教育21.高管的收入by乱舞菊花有人批评高管不应拿那么高的工资，作者持反对态度，然后第二段就是作者为自己的理由辩护。参考文献(重要，原文，原题!)Althoughrecentcensureofcorporateboardsofdirectorsas"passive"and"supine"maybeexcessive,thosewhocriticizeboardperformancehaveplentyofsubstantiveammunition.Toomanycorporateboardsfailintheirtwoc

2、rucialresponsibilitiesofoverseeinglong-termcompanystrategyandofselecting,evaluating,anddeterminingappropriatecompensationoftopmanagement.Attimes,despitedisappointingcorporateperformance,compensationofchiefexecutiveofficersreachesindefensiblyhighlevels,nevertheless,suggestionsthatthegovernmentsho

3、uldlegislateboardreformarepremature.Thereareampleopportunitiesforboardsthemselvestoimprovecorporateperformance.Mostcorporateboards'compensationcommitteesfocusprimarilyonpeer-groupcomparisons.Theyarecontentifthepayoftopexecutivesapproximatesthatoftheexecutivesofcompetingfirmswithcomparableshort-t

4、ermearningsoreventhatofexecutivesofcompetingfirmsofcomparablesize.However,mimickingthecompensationpolicyofcompetitorsforthesakeofparitymeansneglectingthevalueofcompensationasameansofstressinglong-termperformance.Bytacitlydetachingexecutivecompensationpolicyfromlong-termperformance,committeesharm

5、theircompaniesandtheeconomyasawhole.Thecommitteesmustdevelopincentivecompensationpoliciestoemphasizelong-termperformance.Forexampleaboard'scompensationcommitteecan,bycarefullyproportioningstraightsalaryandsuchshort-termandlong-termincentivesasstockoptions,encouragetopmanagementtopursuearesponsib

6、lestrategy.------------------------------------------------------------------Q14Accordingtothepassage,themajorityofcompensationcommitteesputthegreatestemphasisonwhichofthefollowingwhendeterminingcompensationfortheirexecutives?A.Long-termcorporateperformanceB.ThethreatofgovernmentregulationC.Sala

7、riespaidtoexecutivesofcomparablecorporationsD.TheprobableeffectthedeterminationwillhaveoncompetitorsE.Theprobableeffecttheeconomicclimatewillhaveonthecompany-------------------------------------------------------------------