Most large corporations in the United States were 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 United States corporations is held by 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, United States productivity is unlikely to 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.
93. The author suggests that the role of large institutions as stockholders differs from that of the “old-style capitalist” in part because large institutions (A) invest in the stock of so many companies that they cannot focus attention on the affairs of any single corporation (B) are prohibited by law from owning a majority of a corporation’s stock (C) are influenced by brokers who advise against long-term ownership of stocks (D) are able to put large amounts of stock on the market without depressing the stock’s value (E) are attracted to the stocks of corporations that demonstrate long-term gains in productivity
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请问93题的large institutions和文章第二段的institution是否属同类? 若是的话,law limitation不是已经被remove掉了吗? 为何93的正确答案还是B.

[此贴子已经被作者于2005-8-25 4:40:08编辑过] |