Problem
i. There are many companies where the CEOs are making billions and workers may be receiving minimum wage. Is this fair? Capitalism at its finest, or at its worst?
ii. From the three internal governance mechanisms that are used to align the interests of managerial agents with those of the firm's owners, which is least important, and why?
iii. From the three internal governance mechanisms that are used to align the interests of managerial agents with those of the firm's owners, which is most important, and why?
iv. Most Board Directors of large corporations are CEOs themselves of other companies. How are they typically chosen to be a Board Director?