Most large corporations in the
once run by individual capitalists who owned enough
stock to dominate the board of directors and dictate
company policy. Because putting such large amounts of
(5) stock on the market would only depress its value, they
could not sell out for a quick profit and instead had to
concentrate on improving the long-term productivity of
their companies. Today, with few exceptions, the stock
of large
(10) institutions-pension funds, for example-and because
these institutions are prohibited by antitrust laws from
owning a majority of a company's stock and from
actively influencing a company's decision-making, they
can enhance their wealth only by buying and selling
(15) stock in anticipation of fluctuations in its value. A
minority shareholder is necessarily a short term trader.
As a result,
improve unless shareholders and the managers of the
companies in which they invest are encouraged to
(20) enhance long-term productivity (and hence long-term
profitability), rather than simply to maximize short-
term profits.
Since the return of the old-style capitalist is unlikely,
today's short-term traders must be remade into
(25) tomorrow's long-term capitalistic investors. The legal
limits that now prevent financial institutions from
acquiring a dominant shareholding position in a corpora-
tion should be removed, and such institutions encouraged
to take a more active role in the operations of the
(30) companies in which they invest. In addition, any institu-
tion that holds twenty percent or more of a company's
stock should be forced to give the public one day's
notice of the intent to sell those shares. Unless the
announced sale could be explained to the public on
(35) grounds other than anticipated future losses, the value of
the stock would plummet and, like the old-time capital-
ists, major investors could cut their losses only by
helping to restore their companies' productivity. Such
measures would force financial institutions to become
(40) capitalists whose success depends not on trading shares
at the propitious moment, but on increasing the produc-
tivity of the companies in which they invest.
91. The author suggests that which of the following is a true statement about people who typify the “old style capitalist" referred to in line 23?
(A) They now rely on outdated management techniques.
(B) They seldom engaged in short-term trading of the stock they owned.
(C) They did not influence the investment policies of the corporations in which they invested.
(D) They now play a much smaller role in the stock market as a result of antitrust legislation.（C)
(E) They were primarily concerned with maximizing the short-term profitability of the corporations in which they owned stock.
og对C选项的解释如下：
Choice C is not the correct answer. The passage does not discuss the investment policies of the corporations in which financial institutions invest.
我对OG的解释不理解。old style capitalist就是指文章一开始说的individual capitalists 。我觉得C错在old style capitalist能influence the investment policies of the corporations in which they invested。根据是第一段红线部分。 investment policies 不是应该属于company policy的一种吗？为什么og要那样解释呢?和financial institutions 没关系呀
１．"根据是第一段红线部分。 investment policies 不是应该属于company policy的一种吗？"
我认为investment policies应该属于company policy的一种，但是，Ｃ选项中的investment policies 你不觉得过于细化了吗？
原文只是 dictate company policy 并没有强调是什么 policies ，所以错
２．我认为这里与原文相反，原文认为old-style capitalist，也就是 individual capitalists who owned enough stock to dominate the board of directors and
dictate company policy.
Ｃ认为not influence
the investment policies
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