究称限制CEO任职年限能遏制天价薪酬减少股东损失

2014-07-10 18:04:11来源：可可英语

　　Chief executives in the study who had held the post the longest and made the most money also showed more lackluster financial results than their peers at other companies, at least by one measure: return on assets over the course of their tenure underperformed their industries’ ROA by 12%.

　　这项研究中任职时间最长、赚钱最多的CEO们比同行们创造的财务业绩更为逊色，至少从一项指标表明如此：他们任职期间的资产回报率比所在行业的资产回报率低了12%。

　　Although Cooper is careful to say that the study isn’t prescriptive, the research does suggest that setting term limits for CEOs would help to curb both out-of-control pay and expensive, overconfident moves. Shareholders might suffer less long-term damage to their investment if no one who’s paid more than 90% of his or her industry peers could hold the top job for longer than, say, three years. Right now, that doesn’t seem to be happening: The average time in office of Fortune 500 CEOs in 2013 climbed to 9.7 years, nonprofit research firm The Conference Board reported in April. That was the longest average tenure reported since 2002.

　　尽管库伯很谨慎地表示，这项研究的目的并不是要开出方子, 但它的确表明，设定CEO任期可以帮助降低失控的薪酬和代价高昂的自负行为。如果薪酬较同行高90%的CEO任期不超过(比方说)3年，股东的投资蒙受长期损失的可能性也更小。不过，眼下正在发生的情形似乎并不是这样：非盈利研究机构世界大型企业联合会(The Conference Board)今年4月份发布的一份报告称，2013年《财富》美国500强CEO的平均在职时间已经攀升到了9.7年。这是自2002年以来发布的最长平均任期。

本文关键字: 究称限制CEO任职年限能遏制天价薪酬