A corrupt agent exercises power received from his principal in a way different from his
commitment to the principal. In so doing, the agent disposes of the principal’s wealth
to his own benefit. A person can be an agent in one relationship and a principal in
another. For instance, the CEO of a company is an agent of the shareholders, but the
principal of the company’s manager. Likewise, the manager is an agent of the CEO but
the principal of his/her secretary