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Are criticisms make about the authors contention that

1) Are the criticisms make about the author's contention that shareholder are now just passive impotent beneficiaries valid as to tangible property? why or why not? Valid as to intangible property? why or why not?

2) Is the mechanism of management being assigned the authority to resolve conflicts among stakeholder giving management even more discretion than allowed under the shareholder theory to make self-interested decision, which confirms that they cannot be trusted? if yes- why? if no-why ?

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