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The CEO Has "Ultimate" Control Over the Company's Affairs

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The CEO has "ultimate" control over the company's affairs.

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Definitions:

Agency Coupled

A principal-agent relationship that cannot be terminated at will by the principal because it includes an interest beneficial to the agent.

Principal

The original amount of money loaned or invested, separate from interest or earnings.

Terminate

To bring to an end or conclude something, such as a contract, employment, or process.

Interest

The charge for the privilege of borrowing money, typically expressed as an annual percentage rate.

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