Agency Relationship And Conflicts Between Business Managers And Shareholders

The mission of the Office of Business and Finance is to serve the students, faculty, and staff of the university relating to financial and business activities. In supporting the university’s academic objectives of teaching, research, and service, we seek to promote sound financial administration using strong internal controls through effective and efficient management. C-cubed eventually went bankrupt, so Bill Gates and his friends began hanging around the computer center at the University of Washington. Before long, they latched onto an outfit called ISI (Information Sciences Inc.) which agreed to let them have free computer time in exchange for working on a piece of software that could be used to automate company payrolls. In one 7-month period in 1971, Bill Gates and his cohorts ran up 1,575 hours of computer time on the ISI mainframe, which average out to 8 hours a day, 7 hours a week.