How is profit maximization different from stock price maximization? Under what conditions might profit maximization not lead to stock price maximization? Describe the agency problem that occurred in "Corporate Ethics". What were the major issues and who presented each side. How did the issue become resolved? Did the problem relate to capital budgeting, capital structure or working capital management? What goal did each manager pursue? How was that goal inconsistent with maximizing shareholder wealth? Describe how five monitoring mechanisms discussed in class will control agency problems for each firm in the reality. What is the Sarbanes-Oxley Act and how does it apply to the reality byte