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In finance there’s a well-known problem called the principal-agent conflict. The conflict arises when managers and owners of a firm have different incentives. When that happens, managers may make decisions that benefit themselves at the expense of owners.
A student-initiated fundraiser is reaching new heights at the Marriott School. The second annual Corporate Climb, held 26 March 2005, helped raise more than $12,000 for the school’s annual fund. Participants sprinted up stairs and raced around corners—but not because they were late for class.
You probably recognize the symptoms. Palms sweaty, throat scratchy. A band of pressure stretches across your forehead from temple to temple. Knots in your stomach and your pulse racing. Breathing comes in short, shallow bursts. Coming down with the flu? No. You’re about to make a group presentation.
Most people who work for the Financial Accounting Standards Board (FASB) leave with the same going-away gift: a frame containing all the covers of the standards they helped publish while there.