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.

89. It can be inferred from the passage that which of the following is true of majority shareholders in a corporation?

(A) They make the corporation's operational management decisions.

(B) They are not allowed to own more than fifty percent of the corporation's stock.

(C) They cannot make quick profits by selling their stock in the corporation.

(D) They are more interested in profits than in productivity.

(E) They cannot sell any of their stock in the corporation without giving the public advance notic.

The best answer is C. According to lines 4-8 of the passage, those individual capitalists who were once majority shareholders in a corporation would not be able to make a quick profit by selling a large amount of stock because such a sale would depress the stock’s value. It can be inferred from the passage that this would be true of any majority shareholders.

我的问题：

1,为何理解问题中majority shareholders in a corporation 是指old style individual capitalists. 也可以解释为today's short term traders的呀？如果这样，答案就矛盾了。

2。OG地解释，我感觉就是指old style capitalists.对吗？

没人回答呀？？