has late in his career come to the conclusion that the traditional agency problem has been well-enough solved. '99 Jensen, working with co-authors Werner H. Erhard and Steve Zaffron, asserts that the more pressing contemporary problem of unrealized corporate value relates not to failures in the principal-agent

t yet been put to use directly in the service of most non-shareholding workers and consumers. n88 See supra text accompanying notes 12-15. n89 See Werner H. Erhard. Michael C. Jensen. & Steve Zaffron, Integrity: A Positive Model that Incorporates the Normative Phenomena of Morality, Ethics, and Legality (Harvar

has late in his career come to the conclusion that the traditional agency problem has been well-enough solved. '99 Jensen, working with co-authors Werner H. Erhard and Steve Zaffron, asserts that the more pressing contemporary problem of unrealized corporate value relates not to failures in the principal-agent