You are elected to the board of directors of a large corporation. As part of your duties, you need to select a pay package that best aligns the interest of shareholders and the president of the company. Which of the following is *NOT* an agency cost for shareholders:

Group of answer choices

The president bribing government officials to pass safety inspections.

The president's performance related compensation.

The president selecting projects that are likely to have negative NPV to boost his bonus.

The president firing her son due to poor performance.