Question: It is suggested that instead of maximizing shareholder value the firm should seek to maximize the welfare of all its stakeholders, including employees, customers, and

It is suggested that instead of maximizing shareholder value the firm should seek to maximize the welfare of all its stakeholders, including employees, customers, and communities in which it operates. Would this objective conflict with maximizing shareholder value? Do you think such an objective is feasible or desirable? Which of these (shareholder maximization or stakeholder maximization) is do you feel is more important, and why?

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