Agency problem: Difference between revisions

Any one of its agents is charged with protecting the principal’s interests, but two overriding considerations will inevitably take priority: (i) their wish to protect and perpetuate their own role ''as'' agent, and its accompanying income stream — their need to ''persuade the principal that their role is needed'' whether or not it ''is'' needed — no turkey votes for Christmas; and (ii) their wish to not ''fuck up'' — to demonstrate that not only is the role necessary but ''I am the best person to carry out that role''.  

==Scale==

Another “tell” is for the size of money at stake to be so large that even a legal bill in the tens of millions will amount to a rounding error.