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Unformatted text preview: • Measures to prevent downsizing interfere with implicit voluntary contracts • ← When the principle hires the agent to do the pricipal’s doings. When the higher management • The major source of income has to do with how much the stock is worth they are going to emphasize the stock to the greatest profit. • Emphasizing the stock to the greatest profit ensures short term profits rather than long term longevity. • 30/11/2009 12:23:00 ← 30/11/2009 12:23:00 ←...
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- Spring '08
- Orlando, greatest profit, greater moral status, implicit voluntary contracts