Question: What does it mean to say that managers should maximize shareholder wealth subject to ethical constraints? What ethical considerations might enter into decisions that result

What does it mean to say that managers should maximize shareholder wealth “subject to ethical constraints”? What ethical considerations might enter into decisions that result in cash flow and stock price effects that are less than they might otherwise have been?

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The phrase ethical constraints is quite broad The company may be referring to legal issues and the f... View full answer

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