Question: It is often argued that managers, when asked to maximize stock price, have to choose between being socially responsible and carrying out their fiduciary duty

It is often argued that managers, when asked to maximize stock price, have to choose between being socially responsible and carrying out their fiduciary duty (maximizing shareholders' wealth). Do you agree? Can you provide an example where social responsibility and firm value maximization go hand in hand? Can you provide an example where a profitable project or an investment ultimately acted as a detriment to a company (e.g. maybe in energy or pharmaceutical Industry)? E4 B 1 A 3 ORE Next page page

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