What is meant by the statement that ownership is separated from managerial control in the corporation? Why does this separation exist?
Answer to relevant QuestionsWhat is an agency relationship? What is managerial opportunism? What assumptions do owners of corporations make about managers as agents? How can corporate governance foster ethical decisions and behaviors on the part of managers as agents? What does it mean to say that strategy and structure have a reciprocal relationship? What is strategic leadership? Why are top-level managers considered important resources for an organization? How is Meg Whitman appropriate for a top management team?
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