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The principal-agent problem can be best described as: Stockholders voting with their feet (a.k.a. the Wall Street Walk) Managers paying too many dividends when they

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The principal-agent problem can be best described as: Stockholders "voting with their feet (a.k.a. the Wall Street Walk) Managers paying too many dividends when they should focus on employment External stakeholders not having a voice in company operations The managers of a company taking actions that the owners would not approve of

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