What do economists call the situation where a hired manager does not have the same interests as the owners of the business?

Name: What do economists call the situation where a hired manager does not have the same interests as the owners of the business?
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The situation described is known as a principal-agent problem, where the interests of the principal (the owners/shareholders) are not aligned with those of the agent (the hired manager) who may prioritize their own interests over the owners'.

What Do Economists Call the Situation Where a Hired Manager