Read this paper and make a strong comment like I agree with your statement etc etc. $2.$ Does the common belief that shareholder theory advocates profit by any means, illegal or otherwise, hold up to logical scrutiny $($does it make logical sense$)?$ No$,$ the common belief that shareholder theory advocates profit by any means, legal or otherwise does not hold up to logical scrutiny. It's a misconception that the shareholder theory, originating from Milton Friedman article promotes a $"$by any means necessary" approach to maximize profit regardless of ethics and legality. Friedman, emphasized that companies should operate within the bounds of the law and ethical customs. This means that while the primary goals is to increase shareholders wealth, it much be achieved responsibility and ethically. Just as in the case of fraudulent accounts with Wells Fargo, if a company prioritizes short$-$term gains through unethical or illegal practices, they risk not only having long$-$term damage to its reputation, customer relationships, but even more important to stakeholder, they ultimately loose money.Therefore, a truly effective long$-$term strategy would involve having a balance