Assignment:
A CEO serves as Chairman of the Board. In that role, the CEO was pivotal in persuading the Board of Directors to approve a multibillion dollar acquisition at a significant premium that greatly increased his industry stature with no meaningful impact on the company's overall competitiveness. Did an agency problem exist? Explain.
Your answer must be typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.