Why may corporate managers not specifically aim at profit (or wealth) maximization for their companies?

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Managerial Economics

ISBN: 978-0133020267

7th edition

Authors: Paul Keat, Philip K Young, Steve Erfle

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Question Posted: Jun 20, 2016 12:27 AM

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Why may corporate managers not specifically aim at profit (or wealth) maximization for their companies?

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Since the ownership in a corporation is widely dispersed and thus ind...View the full answer

Managerial Economics

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