“It is not profit maximisation but the maximisation of corporate wealth that is the ultimate objective of corporate financial decisions”. Discuss. What do you mean by the agency problem? Does it come...

“It is not profit maximisation but the maximisation of corporate wealth that is the ultimate objective of corporate financial decisions”. Discuss.

What do you mean by the agency problem? Does it come in the way of corporate wealth maximisation? If so, how can it be controlled?